Home Buying Process in Massachusetts

If you are thinking of buying a home in Massachusetts, its a good idea to become familiar with the home buying process in Massachusetts. Every state is different. Here are the steps in Massachusetts: (more…)

Multiple Offers

Multiple Offers have sprung up this spring in the Massachusetts real estate market. With interest rates at historical lows and a mild winter, buyers are out shopping. Inventory is low, so there is buyer competition for well-priced homes. What does this mean? (more…)

Pre-Qualification vs. Pre-Approval

What is the difference between Pre-Qualification and Pre-Approval? If you are thinking about buying a house in Massachusetts, you should become familiar with the terms Pre-Qualification and Pre-Approval. These terms are often confused amongst buyers, sellers, and even amongst Realtors.

As a former Investment Advisor, I would recommend that you talk to a professional before you begin physically looking for a house. There are several choices of people to talk to:

•  Bank, Mortgage Lender, Credit Union- a licensed institution that underwrites mortgages and may or may not service the mortgage.  These are referred to as a “lender” because they actually have money to lend you. You will be talking to an employee of the institution, often called a loan officer.
• Massachusetts Mortgage Broker- works with many lenders to bring you the best program for your needs. Mortgage Brokers do not actually have money to lend you. They work as a conduit with a lender that has the money to lend you. You will be talking to a free lance agent, often called a mortgage broker.

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