Poli Mortgage Group, Inc. Blog

If you’re thinking about buying a new home in the near future, you’ve probably already thought about financing your big purchase. Maybe you’ve even spoken with a loan officer about your options. Homebuyers are always looking for an attractive interest rate on their mortgage loan, b...[read more...]

While owning a second home was a reality for a few at one time, with the economy and market on the rise, buying a second home, has become more attainable than ever.   Which at one time was something that required large down payments, the agency are not helping make this  possible for ...[read more...]

Jeans and Mortgages: It’s All About the Fit Believe it or not, picking the right mortgage is a lot like buying a pair of jeans- when you know your size, the style, and the brand that you like it really makes finding the right pair pretty simple. The problem is, while most people have a good...[read more...]

How to win in the fall 2015   “You have to learn the rules of the game. Then you have to play them better than anyone else.”  -Albert Einstein                                    &...[read more...]

What drives mortgage rates? Did you ever wonder where mortgage rates come from? Mortgage rates are born from bonds the mortgage-backed securities (MBS) market. Similar to corporate bonds, mortgage-backed bonds trade all day, every day. In general, as the price of a mortgage-backed bond changes...[read more...]

The old adage of what constitutes value in the real estate market is simple and easy to remember: "Location, location, location." And while that's a phrase shoppers probably hear a lot when they buy their own homes, they might also want to keep it in mind if they are thinking about get...[read more...]

For some time now, every rise and fall in mortgage rates have grabbed headlines in the real estate sector because of how much of a role they seem to play in mortgage origination these days. With rates having been slowly but steadily rising for about a year now, any significant drop is bound to ...[read more...]

Are you in the market to sell your home this season? If so, you could stand to benefit considerably, as spring typically sees increased activity with housing markets across the Northeast.When attempting to beautify their property in hopes of attracting motivated buyers, homeowners typically employ m...[read more...]

Millions of Americans took advantage of mortgage rates and home prices being extremely low as recently as a year ago by either buying a home or refinancing their existing mortgages, but that trend has diminished significantly since last May. As such, the number of home loan applications being filed ...[read more...]

Did you recently just complete the purchase of your first home? If so, you have probably been busy signing mountains of paperwork making plans to move your belongings into the new house.Once you have fully transitioned, though, you might want to give some thought to the various ways in which yo...[read more...]

With the presence of warmer temperatures, and summertime right around the corner, you and your family are likely eager to get outside amid the sunshine and fresh air.If the home you purchased came with a sizable amount of land, you can enjoy spending time outdoors while playing recreational games, e...[read more...]

It's that time of year again: tax season.These months tend to be busy times, as many people look for good ways to put their tax returns to work. While some homeowners choose to purchase expensive goods or add the money to their savings accounts, others decide to invest the money, whether that be...[read more...]

Although many housing markets along the East Coast are starting to experience warmer, spring-like conditions, evidence of the harsh winter weather that was observed this past season still remains.The semi-permanent low pressure weather system in the upper atmosphere that is typically ancho...[read more...]

Did you recently just purchase a new home? Are you looking to sell your current house in hopes of finally moving? If so, you're likely busy conversing with area real estate agents and industry professionals about the ways in which you can effectively market the property to local prospective buye...[read more...]

Are you the proud owner of a home? Looking for creative ways to incorporate modern technology and lavish features into your existing living areas? There are a number of ways you can update residential spaces to better accommodate your needs and impress guests and visitors.In recent years, many homeo...[read more...]

As the weather continues to improve in many areas across the country, homeowners will no doubt begin to examine the different ways in which they can improve their properties in anticipation for the summer season.One of the most effective projects that can be undertaken focuses on increasing storage ...[read more...]

Looking for an easy and effective way to improve the appearance of your home's interior? Hoping to implement updates that will heighten both its cosmetic appeal and functionality? A great way to do so could be through the replacement of doors that provide access to internal rooms, as simple upgr...[read more...]

Are you considering the purchase of a home this year? If so, congratulations! Homeownership provides a myriad of advantages to individuals, both financial and preferential. And, with housing markets up and down the East Coast continuing to show signs of significant improvement, a greater number of b...[read more...]

In preparation for warmer temperatures, many East Coast homeowners usually look to plan a number of home improvements during the spring season. And, because the summer months bring the perfect conditions for spending more time outside, many of these residential updates serve to blur lines between in...[read more...]

Although there are innumerable financial advantages to owning a home, there are also a substantial number of expenses that individuals are regularly tasked with covering. For this reason, many Northeastern homeowners look to make effective updates to their properties in hopes of reducing the amount ...[read more...]

While most homeowners typically put their primary focus on maintaining the exterior of their house, many who choose to concentrate on updating their interior offerings can benefit substantially. In addition to stylish design schemes, individuals typically focus on chic storage solutions th...[read more...]

Are you considering the purchase of a home? If so, you might be beginning to examine the different ways you can finance the sale, which is likely the largest you have ever undertaken. Unless you have the savings on hand for an all-cash transaction, you will probably look for financial assistanc...[read more...]

Did you recently finalized the purchase of your first house? If so, that is fantastic! There are innumerable benefits afforded to homeowners, which you're likely already starting to experience.However, there are also many costs associated with homeownership that you were not tasked with covering...[read more...]

Are you looking for effective ways to improve your home in hopes of potentially seeing its resale value appreciate? There are a number of projects that can be undertaken to achieve this end, with some of the most effective being those that include an update to existing flooring. With housi...[read more...]

Do you currently own your own home? Feeling like it may be time to make a change? You are definitely not alone.However, before you start researching your local housing market and planning to list your property, you may want to examine the different ways in which you could enhance your house's ex...[read more...]

With more individuals putting a heightened emphasis on the use of mobile devices in their routine tasks, duties and everyday lives, the opportunities offered by these technologies have increased exponentially in recent months. Now, people not only use smartphones and tablets to communicate with...[read more...]

During every winter season, housing markets across the East Coast are faced with a myriad of extreme weather conditions. Accordingly, the cold temperatures and snowfall typical of this time of year generally see homeowners spending lots of their time indoors. However, while many be seeking shelter i...[read more...]

Are you looking for someone to purchase your current home in hopes of moving into a new house? Having trouble finding interested buyers? Although you're likely well-versed regarding your residence's square footage, modern features and updated amenities, there may be some aspects of your resi...[read more...]

Every year across the East Coast, the presence of cold temperatures and regular snowfall typically has homeowners retreating back into their houses and wait for the start of spring.While a number of individuals enjoy the winter - and the associated recreational opportunities - the meteorological con...[read more...]

Have you recently purchased an older home? Looking for effective ways to update it? You may want to pay close attention to the following classic features, as they have remained functional and retained aesthetic value over the years.Commonly, after many individuals are able to close a housing sa...[read more...]

With the commencement of a new year comes the opportunity for a fresh start, and many individuals are making resolutions that they hope will improve their quality of life in 2014. Although the majority of New Year's resolutions being made involve losing weight and saving money, a substantia...[read more...]

As mobile devices continue to become increasingly prevalent in modern day society, individuals are relying more heavily on social media for a number of reasons. While most people might use smartphones and tablets to stay in contact with their friends and family members, others interested in the purc...[read more...]

The East Coast is often regarded as one of the most scenic regions nationwide, as its picturesque beauty can be enjoyed during all seasons each year. And, while summer may see a sizable influx of visitors looking to enjoy the miles of pristine coastline and warm weather, winter also tends to draw&nb...[read more...]

Did you recently become the owner of a home? If so, you have probably given a little bit of thought to the different ways in which you could customize your property's living spaces and improve upon its existing features. Thanks to modern technology, a multitude of cutting-edge appliances and hou...[read more...]

As winter weather continues to become more prevalent in residential areas across the country, an increasing number of homeowners are likely readying themselves to spend a considerable amount of time indoors during the coming months. The East Coast is known for its picturesque summers as well as beau...[read more...]

Across the Eastern Seaboard, as the final leaves fall from trees and autumn draws to a close, homeowners begin to look for ways they can prepare their housing purchases for the cold weather and snow. While dustings of the white stuff do make the region even more beautiful, people tend to avoid ...[read more...]

Selling a house in preparation to purchase a new residence can be an exciting time for homeowners, but also one that is fraught with uncertainty. In hopes of realizing the largest return possible, individuals often list their properties at astronomical prices, but typically receive only a handful...[read more...]

Though many homeowners may take great pride in the minute subtleties and small imperfections that define their properties' past and show its age, some prefer to keep their homes looking like it was just recently built.And who can blame them? With the wide range of modern products and c...[read more...]

Did you recently purchase your first home in the past several months? If so, you've likely spent a substantial amount of time customizing the residence to your liking, and making sure it provides you and your family with comfortable surroundings as well as adequate protection from the ...[read more...]

Are you the proud owner of a home? If so, you've likely spent a considerable amount of time and money customizing the property to your personal liking.While many homeowners undertake improvement projects that will enhance the cosmetic appeal of their homes, some of the most effective updates are...[read more...]

Let's face it - peak homebuying season is over. Most purchasing activity took place over the summer, and now that cold weather has rolled in and the winter months are fast approaching, interest has faded some.However, if you want to purchase a house, the winter might just be the perfect time. Th...[read more...]

Do you currently own a home? If so, at one point or another, you have most likely given some thought to the ways in which you could enhance its purchase price. Doing so can provide you with a substantial amount of profit, if you ever decide to sell to new owners. And, one of the most efficient ways ...[read more...]

If you currently own a house, you've probably given some thought to projects that could potentially boost your home's resale price. These investments can provide you with larger returns when selling the property - as interested buyers may be willing to purchase the residence for more money t...[read more...]

If you're in the market to sell your house, you may already be aware of some of the obstacles that stand between you and a successful sale. Aside from finding a suitable buyer and agreeing on an acceptable price, you may also need to complete a number of tasks before the sale is complete.In addi...[read more...]

Up and down the East Coast, homeowners are preparing for winter by swapping out their existing windows for more energy-efficient, contemporary models. Doing so can have a positive effect on many houses, and serve to heighten purchase prices, if ever listed. Cosmetic benefits Oftentime...[read more...]

If you think you're ready to buy a house, you've probably given some thought to making a down payment. It's generally recommended to put down 20 percent of the purchase price of the home, but by using certain loan programs it may not be necessary to pay that much up front. In fact, so...[read more...]

Before the introduction of what is called “Loan Level Pricing Adjustments,” mortgage interest rates relied primarily on the credit report, income and assets when assigning an interest rate. Typically the mortgage rate was a one-size-fits-all approach with specific adjustments for those with better c...[read more...]

Comparing any product or service can be a challenge. Regardless of the type, there are so many variables that come into play that making final choice can be slippery at times. For instance, if you want a new car, what kind? New or used? Standard or automatic? Red or black? Hybrid? Until you come to ...[read more...]

Unless you’ve been out of town for say, oh, five or six years, you may have heard that mortgage rates are at historic lows. After all, it seems as if you can’t turn on the radio or visit a website without seeing something about refinancing into today’s low rates. And while fixed mortgage rates can s...[read more...]

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Exploring Adjustable Rate MortgagesIt’s a popular consideration today. It seems nearly everyone offers some sort of a hybrid and it’s not just from Detroit, Japan or China; it’s from your mortgage company.A hybrid, in mortgage-land, is a loan program with an interest rate that is fixed for a predete...[read more...]

Mortgage rates are still very low. It may not seem like it because at this stage consumers may be a bit immune to the din of interest rate advertisements. But they are still low. One year ago, interest rates were closer to 4.00 percent and now they’re a bit below but there’s also a bit of news just ...[read more...]

When pondering the purchase of a new home, an avalanche of considerations will soon follow. What can I qualify for? Where do I want to live? How much down payment do I want to have? While these questions are highly important, they’re just for starters.Yet there are still other questions that need to...[read more...]

You’ve been following the interest rate markets for some time now. You’ve followed the yields on the 10-year Treasury. You can’t wait for the monthly Unemployment Reports and delve into the non-farm payroll numbers. And don’t forget the weekly mortgage rate averages from Freddie Mac. You’re all over...[read more...]

Interest rates are at historic lows. Home prices in many parts of the country appear to have stabilized. You’ve kept your credit report clean and you’ve saved enough money for a down payment. But you’re not quite there; you might need a little extra funds for closing costs and a co-borrower can help...[read more...]

If you’re thinking of buying your first home or are contemplating a move up or even a downsize, you can bet that there’s going to be a tad more paperwork required for a mortgage these days. Gone are the “low document” or “no document” loans where little, if anything was verified.Those loans are gone...[read more...]

Mortgage rates have been scraping the historical bottom for over a year now and if the Fed continues its $40 billion buying spree each month it’s possible rates will not only remain low but in fact fall a bit more. When interest rates were at seven percent a few years ago then dropped to five percen...[read more...]

You’re thinking about refinancing, and who isn't,  when suddenly you hear an incredible ad come across the radio. You’ve been following rates religiously over the past few weeks and this new advertised rate is one-quarter percent lower than anything you’ve heard about. You pay close attention to the...[read more...]

In 1944, Congress enacted the GI Bill, a comprehensive benefits package for returning war veterans that included such items such as tuition and income assistance along with funds to start a business or buy a house. Formally called the Servicemen’s Readjustment Act of 1944, the GI Bill provides a hos...[read more...]

If you’re considering buying a home and are wondering how much you can qualify for, there is no end to the amount of online tools and advice to help you get started.You will research terms such as prequalification and preapproval. Credit scores and debt ratios. Collection accounts and bankruptcies. ...[read more...]

As was predicted by most economists who study the real estate market, August home sales were up.What was not predicted is that August would post as strongly as they did, the 3.6% increase is the highest year over year increase in 6 years according to RE Data company CoreLogic.August 2012 represents ...[read more...]

For many home owners and prospective home buyers this is an incredibly important question.For a homeowner, this is an important topic because many are sitting on the sidelines waiting for an opportunity to refinance or possibly even sell their home.For a first time home buyer this topic is equally i...[read more...]

Buying a home in Massachusetts just got easier and less expensive!Poli Mortgage Group, Inc. is dedicated to providing low cost financing options for Massachusetts first time home buyers. Through numerous programs such as FHA, USDA, VA and Conventional financing we already had the ability to underwri...[read more...]

A quick look at the global economy will tell a tale of a week economic numbers and dismal outlooks. It’s hard to stay positive with election season in full swing and campaign ads screaming despair and turmoil.However, if you’re a realtor in Massachusetts and other select markets around the country s...[read more...]

The Good Faith EstimateOf all of the documents that you’ll receive in the beginning phase of financing a home, be it a purchase or a refinance, none are more important than what is called the Good Faith Estimate. The GFE is a document that gives you an estimate, and a very good one, of what your tot...[read more...]

Fewer topics in the home finance process generate as many questions as those with regard to documenting assets and reserves. Specifically the assets you are able to use for a down payment when you're buying a home.What is an Asset?Assets, often referred to as liquid assets, are those that you use to...[read more...]

This is a great question that many homeowners are asking themselves lately.Free Download Below - Mortgage Amortization Calculator with Extra Monthly PaymentsInterest rates are incredibly low but, you may have just refinanced a few months ago.Does it make sense to do it again?In some cases, declining...[read more...]

One of the primary factors in the conventional home financing process these days, whether it be a purchase or a refinance transaction, is the appraised value of the property. In this article we'll get into how appraisals work and what you need to know about them.[note color="#F0F05D"]Worried About Y...[read more...]

It may be graduation time but, it’s never too early to begin considering your child’s college prep, particularly in terms of housing.College Housing AlternativeIn this unprecedented buyer's market, you may want to rethink the notion of sending your college aged student off to live in either the trad...[read more...]

A rent to own program, sometimes known as a land contract is a way for prospective buyers that may not, for whatever reason, be able to qualify for home financing at the current moment, but are working toward that end. In this article we'll get into how these programs work, and how you as a buyer ca...[read more...]

The purchase of a home is one of the most significant transactions of your life. If you plan on purchasing a home in the near future, you’re in the right place.We'll get into some of the benefits that you will reap when you own a home, some of which you are probably already aware and some of which m...[read more...]

FHA 203K Rehab LoanThere is a great product that Poli Mortgage offers and it is called the FHA Streamline 203-k renovation mortgage. It is more or less a traditional FHA mortgage and a home improvement loan rolled into one simple mortgage. One of the only First Time Home Buyer Renovation Mortgages a...[read more...]

One of the best choices that you can make as a prospective homeowner is to have a home inspection done on any home on which you plan on buying and have an accepted offer.Most standard real estate contracts allow a window of time in which you are able to get a home inspection, and negotiate any items...[read more...]

With plummeting real estate values in many parts of New England, the opportunities to own investment properties are greater than they have ever been. Whether you are looking into flipping a single family, or holding a multi-family for long term rental income, there are things to be aware of.Without ...[read more...]

What are Foreclosures, Short Sales and REO PropertiesWith many sales these days being "non-traditional," meaning that instead of working directly with sellers, buyers are now dealing with sellers and the lenders of those sellers. Often the lender is the seller, and the previous owner or owners are o...[read more...]

What are the differences between Condos and TownhomesWhen looking for a home, you may be wondering what the key differences are between condominiums and townhomes, and there are plenty.In this article we will dig into what those differences are, and what you need to know to become an informed consum...[read more...]

Three Tips for First Time Home BuyersWhile buying a home is an exciting process, there are things to be aware of before you begin this journey.Tip #1 - Credit is KingRegardless of how much money you earn, how much you are putting down on the home, or how long you have been at your job, more than any...[read more...]

30 year Fixed Rate or 15 year Fixed Rate?We received a call the other day from a prospective client. He wanted to know if it would be a good thing to refinance, given his situation. He had two mortgages, a first mortgage at 5.00% and a second, smaller mortgage at 7.99%. And while he could benefit fr...[read more...]

Does anyone even qualify for a mortgage these days? It seems that all you ever see on television, print or online is that banks aren’t lending. Or that you have to have perfect credit and a huge 50% down payment.Yet, that’s not the case and it disheartens those of us in the industry knowing that man...[read more...]

Come visit Poli Mortgage Group at the New England Home Show!The home show will take place on the weekend of Thursday February 23rd - Sunday February 26th. The 2012 edition is the 62nd annual, which makes the it the longest running in the area.Seaport World Trade Center Boston200 Seaport BlvdBoston, ...[read more...]

We always associate the term “USDA” with the Government Agency that protects us against food born illnesses and low quality steak but, you may not have been aware this agency can also help you buy a home with NO MONEY DOWN.The USDA offers a mortgage guarantee program to eligible buyers in eligible a...[read more...]

Household DebtContinuing on yesterdays post Great American Deleveraging: We can glean a little more good news out of this chart from the NY Federal Reserve Board. This graph shows the aggregate amount of total Household Debt outstanding in Trillions.We peeked in late 2007 at roughly $11.9 Trillion ...[read more...]

The Home Affordable Refinance Program announced earlier this year promises to make credit available to millions of American Home Owners who have previously been left out of record low interest rates.You can learn more about the details of this program in THIS POST from a couple weeks ago.Here we’d l...[read more...]

Realtor Etiquette:Most of the time Real Estate Clients don't mean to break these rules, hopefully after reading this you won't make these mistakes while searching for your first home.Inevitably you will begin your search for a home online, this is normal.You will notice that Realtors publish a numbe...[read more...]

The Veterans Administration Mortgage Guarantee Program has proven to be a very valuable resource for Veterans returning home.The VA Mortgage Program is administered by the Department of Veteran Affairs and was originally conceived in 1944 as a way to defray some the emotional and economic issues tha...[read more...]

President Obama's New Refinance Program[caption id="attachment_785" align="fltrt" width="144" caption="Federal Housing Finance Agency"][/caption]On Monday October 24th, President Obama announced a new plan to make refinancing your mortgage a possibility, even if your mortgage is severely underwater....[read more...]

October is no longer just about the colors orange and black – the “Pink" epidemic has increasingly made its way into the October rainbow year after year.  On Sunday October 2, the American Cancer Society’s Making Strides against Breast Cancer walk took place in Boston, MA.  The walk started and ende...[read more...]

Guest Post – Where’s the Confidence?Have you refinanced? If you’re looking to buy a home, why haven’t you made a move?  The obvious conundrum in this interest rate rollercoaster ride to record lows, is the fact that so many Americans are missing the boat in this borrowing environment.Are most Americ...[read more...]

Monday evening (Sept 12) the New England Patriots will open their 2011 NFL Season against division rival Miami Dolphins, playing under new NFL Kick Off Rules.Bye Bye Brandon (s)Bill Belichick trimmed the roster on Saturday and there were a few surprising cuts made. Veteran Running Back Sammy Morris ...[read more...]

Be Cautious! There are sharks out there!Chatham, MA beaches that face the Atlantic Ocean were closed this weekend after sharks were sighted feeding on seals.While shark attacks are practically non-existent in this part of the world, the Division of Marine Fisheries closed the beaches stretching alon...[read more...]