Poli Mortgage Group, Inc. Blog
Blog articles tagged 'Integrity'
What you need to know about Multi-Unit Properties Along with all of the great opportunities all over New England to purchase single family residences, there are also huge opportunities to purchase multi-family properties. These properties have many benefits, including favorable financing opp...[read more...]
Categories:
How Twitter can help prospective homeowners find a lender, house
Posted by:
Chip Poli
2014-02-04 07:54:30
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...]
Whether you're looking to sell or purchase a home, you have likely logged online at some point to further your efforts. The Internet is a great resource for those looking to get involved in their local housing market, but there are also a number of other technologies being utilized by buyers and...[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...]
3 home improvements that can maximize the effectiveness of your tax return
Posted by:
Chip Poli
2014-01-29 07:14:58
At the start of every year, individuals across the Northeast are typically concerned with staying warm and making sure their homes can successfully weather harsh meteorological conditions. However, this time of year is also when many homeowners begin planning for improvements that will enhance ...[read more...]
4 marketable aspects of your home that you may be overlooking
Posted by:
Chip Poli
2014-01-24 07:11:08
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...]
While a number of areas across the country experience mild meteorological conditions during wintertime, this season typically brings about cold temperatures and extreme weather on the East Coast. Accordingly, many homeowners in the region tend to spend more time indoors, in an attempt to e...[read more...]
Effective home improvements to help you stay comfortable during winter weather
Posted by:
Chip Poli
2014-01-15 11:50:34
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...]
4 benefits of incorporating a home office into your residence
Posted by:
Chip Poli
2014-01-14 15:31:46
Over the course of the past several years, mobile technology has grown into an important aspect of the professional realm. With individuals now able to access their email at any time from anywhere, businesses can stay productive throughout the entire workday.In the same vein, another trend that has ...[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...]
As the new year gets underway, many individuals across the East Coast are likely making an effort to improve their financial standing or lose weight. However, a substantial number of homeowners have resolved to make upscale improvements to the properties they have purchased. While some resoluti...[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...]
How YouTube, Instagram can help buyers find available homes
Posted by:
Chip Poli
2013-12-30 07:05:27
While they may still be viable approaches to finding listed homes, classified advertisements and "for sale" signs in the front yard are being used by fewer individuals looking to sell their properties to new owners. This is largely because prospective buyers are increasingly completing the...[read more...]
How Facebook can help prospective homeowners find a lender, house
Posted by:
Chip Poli
2013-12-27 10:43:07
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...]
Are you in the market to purchase a home? If so, you have likely already given consideration to your financial situation and thought about the type, size, style and location of housing that would best suit you. You also have probably realized just how many different options are available.Has yo...[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...]
During each holiday season, families up and down the East Coast typically make plans to visit each other and spend time together. And, if you have recently just purchased your own home, you can safely assume that you will have a number of relatives looking to plan an extended trip to your neck of th...[read more...]
5 extravagant improvements that can heighten your home's value
Posted by:
Chip Poli
2013-12-06 14:43:44
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...]
Every year across the East Coast, homeowners are tasked with readying their residential properties for the harsh conditions brought on by inclement winter weather. Cold temperatures and considerable snowfall can put an undue amount of stress on homes, and if they haven't been prepared for the se...[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 East Coast, each season brings its own set of meteorological considerations that homeowners must take into account. Purchased residential properties afford individuals shelter from extreme temperatures, strong winds, blinding snowfall and torrential rains, however, in order to be mos...[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...]
3 smart ways to maximize the efficiency of unfinished attic space
Posted by:
Chip Poli
2013-11-14 10:01:52
Within housing markets throughout much of the East Coast, attractive historic homes boasting exquisite architecture and classic features can be found. And, typically, the individuals who have purchased these beautiful structures take great pride in them, often looking for various ways to enhance the...[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...]
Categories:
Proactive steps to take when getting situated in a new home
Posted by:
Chip Poli
2013-11-13 09:17:15
Did you recently decide to complete a housing purchase and become the owner of an East Coast home? If so, you're likely in the process of discovering that there are a number of financial benefits associated with homeownership. Building equity can be great for your personal situation, but owning ...[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...]
Buying a home is undoubtedly an exciting time for many consumers. Not only do they benefit from providing their families shelter and slowly building equity, but individuals can also enjoy customizing the property to their personal liking. And, in today's society, there are countless residential ...[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 getting ready to enter your local housing market? If so, you're probably feeling a bit overwhelmed. Mortgage rates remain very attractive, but increased levels of activity have served to deplete the inventory supply in many areas along the East Coast. Accordingly, residential sectors in ...[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...]
Are you searching for your next home purchase? Or are you interested in refinancing to save some money and upgrade your current residence? Either way, you may want to capitalize on a growing trend in home design - the high-tech home renovation.Your preferences could range from traditional, classic a...[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...]
When hunting for your next home, there are a number of aspects you need to be mindful of, including a residence's location, size, price and condition. And, as a housing purchase is likely the largest transaction you will undertake in your lifetime, it is important that you choose wisely and know...[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...]
Lending made easy with launch of Poli Mortgage Group's new app
Posted by:
Chip Poli
2013-10-15 14:41:03
Are you interested in obtaining residential financing toward the purchase of a house? Unless you've got an enormous stash of cash hidden somewhere, odds are, you're going to want to get set up with a mortgage.Getting an affordable home loan from lenders can often be a difficult experience, a...[read more...]
Increase your home's square footage, value with an exterior deck
Posted by:
Chip Poli
2013-10-14 07:20:52
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...]
Homeownership is something to take pride in. Aside from the basic benefits - such as shelter, security and comfort - a housing purchase can afford individuals a substantial amount of equity and financial independence. Accordingly, many individuals often look for ways to enhance their existing proper...[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...]
Boasting historical significance and classical architecture, many homes along the East Coast are constructed from traditional materials like brick, wood and concrete. And, while many of these houses share an attractive exterior aesthetic, some homeowners look to customize their residence's inter...[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...]
Oftentimes, as soon as an individual closes on a housing purchase, they immediately begin to customize certain aspects of their new home. A popular place to start is the exterior, as most people enjoy displaying their personal preferences for color and design. And, due to the fact they can significa...[read more...]
As mortgage rates began their spiral in late 2010, borrowers from coast to coast and anywhere else mortgage loans were placed, refinanced their loans to take advantage of lower rates, reducing their payment and the amount of interest paid to their lender. Yet some borrowers couldn�t take a...[read more...]
Categories:
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...]
That’s the key, isn’t it? Regardless if this is your first home, your last or you’re refinancing your mortgage, you want the very best loan officer in town, right? How do you find an experienced loan officer and what are the key traits of the very best?First, it’s not simply asking a loan officer if...[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...]
If you’ve had the pleasure of getting a mortgage over the past few years or are today considering a refinance or even buying another home, no doubt you’ve heard of and use the term “Good Faith.” While the phrase’s meaning seems obvious, the term itself is heavily regulated and defined and if the le...[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...]
Have you heard of the story where a guy applies for a mortgage, he was approved then the lender asked for more information up until a few days of closing? Why do lenders do that, anyway? Why don’t lenders simply ask the borrower for what they need upfront and forget all the nonsense about collecting...[read more...]
Getting approved for a mortgage presents no small amount of paperwork. Tax returns are analyzed, credit scores are reviewed, pay check stubs and W2 forms are compared to information provided by the IRS. And that’s just getting started. But once you get your approval, your lender might just ask for a...[read more...]
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...]
We are every proud to have been named to the list of Top Mortgage Companies in America recently, by Mortgage Executive Magazine!There are two reasons why we have been honored with this recognition: 1) Our great customers and 2) Our great people! Thank you very much helping us achieve this level of s...[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...]
Whether you’re financing your first home or your retirement villa, you’ll be providing your mortgage lender with all sorts of information about your income. Lenders want to make sure you can afford your new home loan just as much as you do and by providing copies of your tax returns, paycheck stubs ...[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...]
Applying for a mortgage may not be your favorite thing to do. You may want to visit the dentist first or maybe walk ten miles in the snow. But unless you’ve got a few hundred thousand dollars in your closet to buy a home you’ll need to grin and bear it. Today however, lenders approve loans different...[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...]
Okay, you're in the market for a home mortgage. Do you know where you're going to buy it? Your choices boil down to two options – a bank or a mortgage lending firm. A 3rd party mortgage broker may help you with the final decision, but it's nonetheless a question faced by most every home-buyer or mor...[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...]
While credit has always been a component of responsible mortgage lending, the notion of credit has changed over the years. Now, instead of a lender looking at a credit report to see if there are any late payments, credit scores are the determining factor for most programs. What is a credit score?The...[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 loan applications are reviewed in a variety of ways and a lender looks at the entire loan application package and not a singular item. A lender will review gross monthly income and compare it to current obligations and the impact of a new house payment. A lender will also consider credit an...[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...]
Getting interest rate quotes online can be a challenge sometimes. In fact, it can be a challenge all the time if you’re dealing with the wrong lenders. You can research interest rates online and see a variety of quotes from different lenders, all with different rates, APRs and fees. It’s confusing a...[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...]
Okay, you've done your homework, made your phone calls and conducted countless interviews. But you've done it. You've decided on a lender. It’s all downhill from here, right? Well, maybe. Now you have to decide which loan program is best for you.Loan programs fall into two basic categories when it c...[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...]
Are you a first time home buyer? Are you tired of renting and are exploring the possibility of home ownership? Have you heard about special first time home buyer programs or of real estate agents who specialize with the first timer? Of course you have. Once you become aware of your special status, s...[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...]
Stop me if you’ve heard this before… ”Interest rates are at record lows.”Sound familiar? Of course it does, it’s a common mantra these days and so often heard that consumers may simply tune it out. The recent Fed action of purchasing $40 billion per month in mortgage-backed securities resulted in ...[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...]
If you’re new to commercial real estate investment but you’d like to start learning a thing or two about this asset class, you’re first step should be to learn the various property types.Unlike residential real estate which is really only classified in a couple categories, commercial real estate is ...[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...]
Can I Still Get a Mortgage if my Spouse Has Bad Credit?This is a great question and it comes up quite often. Let’s take a moment and discuss your options, whether you are looking to either purchase a new home or refinance a property you already own.The simple answer is this: If one spouse wants to p...[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...]
With home ownership rates around 67% here in the US, it’s safe to say that a majority of American adults understand how to buy a home, and buy one responsibly. However, if you have never bought a home before, this article should serve you quite well in gaining a better understanding of the home buyi...[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...]
Who Are These Title People?You most likely have either attended a closing at a title company, or know that this is the place where real estate closings happen, but do you know exactly what they do? In this article we'll get into what goes on behind the scenes, and let you know what it is that they d...[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...]
What Roll Does Debt Play in Your Mortgage ApprovalAside from possibly credit, debt will have the greatest impact on your ability to obtain a mortgage. Whether we’re considering the payment on the property you are preparing to finance, or from other debt that you had acquired prior to looking into fi...[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...]
There are three things that people think about when they are getting ready to qualify for a home mortgage.These are income, assets and credit.Credit more than ever is an integral part of how lenders see your overall profile when you apply for a home mortgage. Let’s go over what you need to know to i...[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...]
We understand you hear this quite a bit lately. We're also here to let you know that this time...it's official!The key benchmark rate that determines mortgage rates on a daily and even hourly basis is the CBOE Ten Year Treasury Bond Yield Rate.As you can see in the chart below....that benchmark is r...[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...]
FSBO– A common acronym for “For Sale By Owner”If you are thinking about purchasing a property that is being sold as a FSBO, the process from a financing perspective will work similarly to how it will work as if you were using a real estate agent.However the overall purchase process is a little bit d...[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...]
It’s everywhere. The 30 year fixed rate mortgage. Every mortgage banker has it. So does every street corner bank and mortgage broker. It’s the most common mortgage product in existence today. And it seems that the phrase, “lowest 30 year rates in history” has been a common theme as of late.But exact...[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...]
A Reverse Mortgage is one of the most powerful programs and one of the most misunderstood mortgage programs in the market today. With thousands of Americans retiring each day here in the United States and savings rates, pensions, IRA dividends and investment income reaching levels of diminishing ret...[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...]
VA LoansFirst of all, if you are either active duty, or a veteran, Thank You for your service. We in this country, are able to do what we do because of what you do, and have done, for us.There are many opportunities for military service people to finance a home using the VA loan program. In this art...[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...]
Using Mortgage Debt to pay off Household DebtA mortgage is a mortgage, but stepping back for just a moment, you may want to look at it as just one of a collection of tools you can use to manage your complete financial picture, especially if you have a significant amount of non-mortgage household deb...[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...]
While the question of "should I buy or rent?" may have had a different answer even a few years ago, declining property values have made the current real estate market a boon for home buyers, more specifically, first time home buyers.In this article we will explore how you as a consumer can determin...[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...]
Google Plus for Mortgage ProfessionalsThere is no doubt that Social Media is here to stay.Facebook has over 750 million users and Twitter reports that over 1.3 billion tweets go out each week.Large brands are using Social Media to grow their customer’s awareness, share offers and entertain millions ...[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...]
Differences between FHA and Conventional MortgagesWhen seeking to finance a home, you will most likely be using one of two types of programs, Conventional or FHA.Each program has its place in the mortgage landscape, in this article we will get into the basics of each so we can help you, the mortgage...[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...]
Why You Need a Real Estate Attorney in a Home Purchase TransactionThe purchase of a home will often rank as one of the most important financial transactions in a persons life, certainly the largest. Buying a home can be exciting, as home ownership represents freedom and independence from having to p...[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...]
"This plan, which is paid for by a financial fee so that it does not add a dime to the deficit"In his State of the Union Address, President Obama introduced a proposal to include non-GSE mortgages in a HARP Supplement Program.In November FHFA or the Federal Housing Finance Agency, laid out its propo...[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...]
If you're a buyer in today’s real estate market, we think you need some help. Professional help. No, not that kind of help. Help from a licensed real estate agent to help guide you through the sometimes frightening maze of finding a home. You need a buyer’s agent.Successful, established mortgage com...[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...]
There are different ways to shop for a never-ending variety of products. You can shop for a new car for instance or a TV.But, you’d better decide on not just the make and model, but also the different options you’d like to have. That can be the confusing part and make it more difficult to compare pr...[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...]
At the very core of all good businesses are partnerships which are really, relationships.The mortgage and real estate industry is held together by a tightly woven fabric of human interaction.People dealing with people.The real estate industry seems to be as "relationship-centric" as any industry I ...[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...]
Build or BuyWhen considering home values, supply is at the core, as it is in most markets, this is no surprise. During the boom years 1998 through 2007, a significant culprit and usually forgotten in the discussion were, National Home Builders. While they rarely come up in the discussion, they certa...[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...]
Leverage: the use of credit to expand one’s speculative capacityThe term leverage is commonly used in the investment community and rarely used in consumer circles to describe debt.It would be normal to be watching CNBC and hear something like this:“Lehman Brothers filed for bankruptcy because they t...[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...]
Interesting pending home sales numbers lead real estate professionals to believe that there are glimmers of hope, if not rays of sunshine on the horizon.Needless to say we are optimistic here at Poli Mortgage about the future of real estate, we’re more optimistic about the future of America, maybe t...[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...]
In the age of Internet technology with loads of information available at the press of a button, you may be tempted to not hire a real estate agent. But, if you study the market closely you will realize the importance of an experienced real estate agent in buying and selling a home.Some people have b...[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...]
Federal Housing Administration MortgagesEveryone dreams of buying their first home, in these tough economic times many people feel they will be left out of this life long dream.Though many have heard of FHA mortgage programs, not many understand the true benefits of obtaining a loan through the FHA ...[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...]
Over the last few years home ownership levels have dipped about 4% from the all time high of over 70%.The disappearance of high risk 100% financing and 80/20 financing has created the impression that new home buyers are essentially, left out in the cold.At Poli Mortgage Group we want you to be aware...[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...]
* There is an UPDATE to this Post here: President Obama's New Refinance ProgramThis is a question that seems to be haunting homeowners recently. The Federal Reserve Board issued a report on Thursday September 22nd that may just answer this question or at least shed some light on the subject.*I...[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...]
Fannie Mae and Freddie Mac routinely report national averages for interest rates on key mortgage products. On Friday September 9th, Freddie Mac reported some pretty sweet news if you’re in the market for a refinance or to purchase a home.Record Setting Low RatesIt seems recently that there is no flo...[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...]
New England native Keegan Bradley overcame a 5 shot deficit with 4 holes to play and wins the PGA Championship, the final major of the 2011 professional golf season. Bradley's prowess on the putting greens was a huge impact in the win.Bradley is a native of Woodstock, Vermont where his dad was a gol...[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...]
Just when you thought your mortgage rate couldn't get any lower.If you have refinanced your mortgage lately you benefited immensely from the turmoil in the US Economy.Yes, an unsteady, even collapsing economic environment will have a tendency to drive long term interest rates to very low levels. It ...[read more...]
