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Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Closing costs are the fees charged to finalize a mortgage loan and transfer homeownership. These costs are paid at closing and typically range from 2% to 5% of the total loan amount. Closing costs include charges by the lender, third-party fees, prepaid expenses, and government…
A mortgage is a loan used to finance the purchase of a home or other real estate. It allows borrowers to pay off the purchase price of a property over time, typically 15 to 30 years. With a mortgage, buyers…
An encumbrance is any right or interest in a property that limits its use or transfer. It reduces the value of the property by creating obligations for the property owner. Encumbrances can be voluntary, like taking out a mortgage, or…
A mortgage is a loan used to finance the purchase of a property, such as a house. The property itself serves as collateral on the loan. When you discharge a mortgage, you pay off the loan in full and release…
Whether you recently purchased a home or have owned one for years, knowing if your mortgage is federally backed can be critically important. Federally backed mortgages come with certain protections and programs that can assist homeowners, especially during difficult financial times. If you’re not sure about…
A household budget consists of both fixed and variable expenses. Fixed expenses are costs that remain constant each month, while variable expenses fluctuate based on usage and lifestyle choices. Understanding the role of fixed expenses is critical for budgeting accurately.…
Purchasing a foreclosure can be an attractive option for homebuyers looking to save money on a property. However, financing a foreclosed home has some unique considerations compared to a standard home purchase. You can mortgage a foreclosure. However, traditional lenders may impose stringent requirements…
When you are buying a home, one of the biggest upfront costs you will encounter are closing costs. Closing costs refer to the various fees charged by lenders, attorneys, and other third parties to process, underwrite, and close the mortgage loan and real estate transaction. These costs…
No, not all mortgages are federal loans. Conventional and jumbo mortgages are provided by private lenders without government backing. Federal mortgages, such as FHA, VA, USDA and other government loans, are issued by private lenders but insured by U.S. government…
Better Mortgage is a loan service provider that helps people get mortgages and refinancing. They offer various types of loans, including fixed rate, adjustable rate, construction financing, and more. But is Better Mortgage legit? Better Mortgage is legit. Better Mortgage…
Paying off your home mortgage early can save you thousands of dollars in interest payments over the life of your loan. With focused effort and disciplined saving, you may be able to pay off your 30-year mortgage in just 5…