Articles in the Mortgage Financing Category
Mortgage Financing »
If you haven’t heard yet, current mortgage rates are historically low! Just this week, we had multiple buyer’s purchase homes with a 30-year fixed rate mortgage as low as 4.5%.
As more and more homes come on the market in downtown Boston, there are plenty of condo’s out there to be had at these incredible rates. Take advantage of the warm weather and let us set up some showings for homes that have sparked your interest. Do yourself a favor and reconsider purchasing a new home. After all, the only place …
Mortgage Financing »
The House approved the Home Buyers Federal Tax Incentive extension, which means that buyers have until September 30th 2010 to complete their purchase.
If they close on or before September 30th they may qualify for tax credits of up to $8,000.00. This applies for home purchase where a binding sales contract was signed by April 30, 2010. Congress has extended the closing date from June 30th to September 30th. This extension willallow many to take advantage of this credit.
Did you miss out on the tax credit? – Not to worry …
Boston Real Estate, Mortgage & Finance, Mortgage Financing »
There is still time to take advantage of the $8,000 or $6,500 tax credit offered by the Federal government…but you must move fast!
The tax credits are available to homebuyers who sign purchase agreements on a new or existing primary residence before April 30, 2010 (this Friday). Buyers have until June 30 to close on their new home.
This program is not just for first-time homebuyers!! In addition to offering the $8,000 first-time homebuyer tax credit, the new law also allows a $6,500 credit for repeat or move-up homebuyers who …
Boston Condos, Commissions, Mortgage Financing »
For all of you first time homebuyers out there looking to navigate the home buying process those of us at CondoDomain have some helpful hints, important dates and information to share with you.
First and foremost, make sure you work out all of the kinks when it comes to mortgage financing. Find a great Boston mortgage broker who knows what they’re doing, can help you get a plan together given your financial needs and can explain the entire process in English, not finance lingo (We can help you with this!). …
Boston Apartments, Boston Condos, Boston Lifestyle, Boston Lofts, Boston Real Estate, Mortgage Financing, Neighborhoods »
Lani Shadduck – Boston’s housing market has been one of the few lucky ones to get out easy in the current real estate fiasco that haunts the country. The real estate market in the Boston area has been stabilizing and home prices are on the rise. Home mortgage rates are also down to 4.95 percent, indicating the area’s recovery and a chance for home buyers to take advantage of low rates.
The Federal Reserve will soon stop its buying spree of $1.25 trillion in mortgage-backed securities as part of its bailout …
Boston Real Estate, Legal / Closing / Title, Mortgage Financing »
On Monday, March 8, 2010, Krisslaw, CondoDomain’s Massachusetts title partner, held what is believed to be the largest Realtor Continuing Education event in the history of the Commonwealth.
The over 450 Agents in attendance were treated to two lively sessions with Attorney Michael Krone. Attorney Krone discussed the Massachusetts closing process in the morning and the ins and outs of Offers and Purchase and Sale Agreements in the afternoon. Aside from Krisslaw, other sponsors included, CATIC, Jacob Friedman Insurance, Tiger Home Inspection, and Devaney fuel.
Krisslaw holds these events 2-3 times a …
Advertising, Boston Real Estate, Mortgage Financing »
In past months, CondoDomain has launched its preferred partner program helping connect our clients with top notch professionals no matter what their home related needs.
Whether you need a reliable moving service, knowledgeable mortgage broker or talented architect- we’ll make sure you have the information and professional support you need every step of the way. We make it our business to provide our clients with contacts they can rely on. Here at CondoDomain we research the best professionals Boston has to offer. We schedule face to face meetings with our …
Boston Condos, Boston Real Estate, Commissions, Mortgage Financing »
HIGHLIGHTS:
- $8,000 credit for first-time homebuyers extended until April 30.
- $6,500 tax break for existing homeowners (This is New) who want to move up to a new home, as long as they have lived in their current residence for five consecutive years out of the last eight.
“The Senate on Wednesday voted to extend and expand a tax credit for homebuyers as an added boost for the recovering real estate market, and also approved a provision to continue giving aid to the long-term unemployed.
The measure, adopted on a 98-0 vote, …
Boston Condos, Boston Lofts, Boston Real Estate, Commissions, Mortgage Financing »
![](http://www.bostoncondoloft.com/wp-content/uploads/2009/08/women-first-time-home-buyers.jpg "\")
The deadline for the First Time Home Buyer $8,000 Tax Credit is approaching (November 30th) and prospective buyers of Boston condos should keep that mind when on their search…especially women.
65% of first time home buyers are women and today more than ever and single women make up more than 1/3 growth in real estate ownership since 1994. In 2006, a study at Harvard University found that 1 in 5 buyers of real estate were women. There are twice as many unmarried women buying homes than single men, which has lead …
Boston Condos, Boston Real Estate, Mortgage Financing »
Do you qualify for the $8,000 First time Home Buyer Tax Credit? Below are some basic guidelines to let you know if you qualify for the $8,000 First time Home Buyer Tax Credit. We wrote more about it in an earlier blog post, but if you have any questions – please be sure to reach out to us.
The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year …
Boston Condos, Boston Real Estate, Brookline, Featured Listings, Mortgage Financing, New Developments »
Hammondswood At Chestnut Hill is having a huge 3 day event and is basically giving away “FREE MONEY”.
For 3 days and 3 days only Hammondswood is offering 30 year fixed rate mortgages for 3.875% !!! I have never ever seen rate this low – EVER. Jessica and I have toured the property many times and do like what they offer. Our pricing on our website is a tad outdated…I believe the prices have dropped a bit and units start in the $400’s now!
Hammondswood is a new condominium development located in …
Boston Condos, Mortgage Financing »
Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.
Here is a list of the 2009 FHA Maximum Mortgage Limits*:
$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties
These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 …
Boston Condos, Mortgage Financing »
There has been a lot of confusion lately when it comes to the tax credit that is now available to first time homebuyers. I posted an article about this a few weeks ago, discussing the $7,500 tax credit…and now things have changed a little bit.
Here’s what we are working with now and the differences from the previous first-time home buyer tax credit incentive:
The maximum credit amount has increased from $7,500 to $8,000 effective for purchases on or after January 1, 2009 and before December 1, 2009.
While previously there was no …
Boston Condos, Boston Lifestyle, Boston Lofts, Boston Real Estate, Commissions, Mortgage Financing, Press Release, RE.TECH »
Putting this Whitepaper together was almost as exciting as engaging in the real estate brokerage community this year. For all of you who have followed us through social media and our blogging efforts… and for all of you who have met us or become a client of ours: you all know we like to have fun along the way!
Well, while all of that fun that is publicly displayed, there is actually quite a bit of work that went on behind the scenes. I believe that this CondoDomain Year 1 Review …
