With the recent launch of the Macallen Building in South Boston, the first LEED Certified Green Building in all of Boston, and rumors of more green buildings to come, the mortgage industry is following suit with their own green mortgage incentives. The Wall Street Journal recently reported that lenders are the latest group to jump [...]

Read the full story

A few days ago, Michelle Singletary of the Washington Post wrote an op-ed piece entitled “A 400 Percent Return in 7 Days? Riiiight.” After briefly discussing the difference between pyramid promotions – which are illegal – and multilevel marketing schemes – which are not, Singletary moves on to describe a suspicious meeting she recently sat [...]

Read the full story

The Wall Street Journal recently published a short, but rather pertinent, piece on requesting credit reports and their impact on credit scores. Question: If I request a copy of my credit report will that hurt my credit rating if I want to apply for a mortgage? One bank said I should not ask for multiple credit reports [...]

Read the full story

At the end of 2006, with the passing of its omnibus tax bill, Congress made private mortgage insurance for middle-income home buyers tax deductible in 2007. Private mortgage insurance, or PMI, is required when a homebuyer puts down less than 20% and protects the lender in the event of foreclosure. In recent years, home buyers [...]

Read the full story

Mortgage rates have fallen on news of the housing market slowdown – 30-year fixed-rate mortgage declined to 6.22 percent from 6.30 percent, which is on par with rates a year ago. NEW YORK (CNNMoney.com) — Mortgage rates fell in the past week as lenders showed concern for the effect the slowing housing market would have [...]

Read the full story

No doubt about it, interest rates have been steadily moving up from the once lows that we saw not too long ago. Given the situation, many home owners are faced with increasing loan payments. Look to the following four tips and tricks to aid you in this time of rising interest rates. 1) Think both [...]

Read the full story