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Each month AR runs numerous contests as a way for our members to engage in activities
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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refinancings: Refinancings and You: Make sure to ask the right questions - 03/22/12 08:25 AM
Interest rates are at record lows, and everybody you know is lining up to get a better rate. There is no downside, unless you get hit with unreasonable closing costs, which is really not happening very much lately. The rate is an improvement over what you had before. The Lender finishes up its underwriting, and informs you that your loan is “clear to close”, which means that a closing may be scheduled for you to end up with a better interest rate than you had before. That is reasonably easy to understand, and you may have the belief that the rest (0 comments)
refinancings: Rub a $100,000 Scratch Ticket or refinance Your Mortgage at todays's attractive rates--The net effect is almost the same - 09/22/10 08:18 PM
Most states now have lottery systems available for those who enjoy the thrill of risk taking. A friend of a client of mine recently had a winning $100,000 scratch ticket. This person was prudent and selected an option of receiving almost $300 a month, after taxes, for 25 years. A wise decision, and no doubt the extra money each month will come in handy. Each of us has almost the same option today regarding our mortgages, if we have not already refinanced in 2010. Lower your interest rate from the "mid 6's" to less than five per cent, and look at (3 comments)
refinancings: Refinancing Your Present Mortgage--Make sure that the Lenders, and Closing Agents, are Financially Able to Perform - 11/13/09 09:36 AM
In today's edition of the Boston HERALD, there is an article about a Borrower in Illinois, who recently refinanced his mortgage with a mortgage lender. The check which the refinancing Mortgage Lender sent to the person's then mortgage lender "bounced", and the former mortgage lender is now foreclosing on the property because the Borrower has not made his mortgage payments to the former Borrower since he completed his refinancing. There are two other similar cases, in different juris dictions. This type of situation is disastrous for the homeowner, and care should certainly be taken to prevent its re-occurrence. At the very (4 comments)
Elliott S. Topkins Massachusetts Real Estate and Title Atty
Realtor's Resource Blog is dedicated to furnishing current strategy and information to the Massachusetts real estate community of professionals and to out of state realtors and REO and relocation companies who need excellent representation in Massachusetts. My law firm, Topkins & Bevans, can cover the entire state of Massachusetts. I hope to use my 40 years of hands-on real estate experience to assist you and your Massachusetts Buyers and Sellers.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.