financing: What Mortgage Terms Should Buyers and Sellers Know - 04/11/23 05:24 AM
What Mortgage Terminology Should Buyers and Sellers Know?Mortgage terminology can be confusing if you aren’t familiar with the terms they use. So that you have a better understanding of home loans and can apply to a lender with more confidence, we will look at some of the mortgage definitions and terms in real estate you might encounter.
Adjustable-Rate Mortgage (ARM)An adjustable-rate mortgage will change the interest rate after the introductory period. This could mean your monthly payments go up or down depending on the index interest rate, though this is capped with limited rises for each period.
Adjustable rate mortgages are not as … (1 comments)

financing: Tips on How to Get a Mortgage - 08/03/21 10:17 AM
Unless you have enough money saved up to buy your house outright, you will need to get a home loan. A mortgage is an important financial commitment, and making the right choice will affect your finances for many years to come.
When you get a home mortgage, the lender will cover the cost of the property upfront, which you will normally pay back monthly. Your home will be the collateral for the loan, however, so if you fail to stick to the payment schedule, you could find yourself in foreclosure.
Many people have found themselves in this position and have to get a … (1 comments)

financing: Tips For Picking a Loan Term For Your Home Mortgage - 06/18/19 06:30 AM

How Do You Pick The Best Loan Term?Home mortgage loans are one of the most common sources of financing. Lots of home buyers will put some serious thought into what loan term they should go with. How do your pick the loan term that is best for your financial circumstances? Hopefully, by the time you're done reading you'll have a better sense of direction on that. You can also visit the resource at Maximum Real Estate Exposure for additional guidance.
Numerous lenders offer mortgages for nearly any loan term you desire. Most people, however, assume conventional fixed-rate mortgages are for either fifteen … (17 comments)

 
Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)

Bill Gassett

Metrowest Massachusetts Real Estate

Hopkinton, MA

More about me…

RE/MAX Executive Realty

Address: 22 South St #203, Hopkinton, MA, 01748

Office: (508) 625-0191

Fax: (508) 435-5550

Metrowest MA Real Estate - Realtor specializing in home sales in Hopkinton, Milford, Holliston, Ashland, Southboro, Westboro, Upton, Mendon, Hopedale, Grafton, Medway, Northbridge, Franklin, Framingham, Shrewsbury, Northboro, Bellingham, Sutton, and Uxbridge MA. Includes Real Estate home selling & buying tips, Homes for sale in and around Metrowest.



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