Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Is a Mortgage Legit?

People looking at the laptop

Some people may be confused about the purpose of mortgages. They believe borrowed money isn’t good and everything they need should be acquired with what they have. However, home loans often take people off the streets and help them live…

Can a Bank Be a Mortgage Broker?

Yes, a bank can act as a mortgage broker. While banks typically serve as direct lenders, some offer brokerage services by working with outside wholesale lenders to find loans for borrowers. These banks analyze the borrower’s situation, shop rates from…

Do Banks Buy Mortgages?

Two people signing papers for a loan

Homebuyers paying their monthly installments on time and regularly might be a bit surprised if they receive notice about another bank now owning their loan. Do banks buy mortgages, is it common practice, and what does it mean for the…

Can a Bank Sell Your Loan?

Papers and calculator on the table

Yes, a bank can sell your loan. This involves transferring the legal rights and obligations of your loan contract to another institution or investor. The original bank sells the right to collect payments and interest from you to another entity.…

Is Mortgage Tax Tax-Deductible? 

If you wish to know is mortgage tax tax-deductible, you came to the right place. We have explained all the ways you can get tax returns when owning a property.

Is Escrow Tax Property Tax?

You wish to know if escrow tax property tax? Well, you came to the right place - here you will find out all you need to know about escrow.

Does a Mortgage Expire?

Does a mortgage expire? If you’re planning to buy a house soon and see a mortgage loan as the way of doing so, ensure to find out the answer.

How Much Mortgage Interest Can You Deduct?

There aren’t many exciting things about taxes, especially taxes on a mortgage, due to the financial risk this type of investment holds. One of the few enticing parts about a mortgage is lowering the tax amount owed, thanks to a…

Is A Mortgage Revolving Credit?

In real estate, there are different credit accounts made for specific purposes. They give you the flexibility needed to achieve financial goals when used correctly. But for mortgages, you’re probably asking, “Is a mortgage revolving credit?” A mortgage is not…

Is A Mortgage Personal Property?

You can obtain personal property through cash or a mortgage in real estate. While this is cheaper than buying in cash, you have to know the underlying mechanics behind it. And you’re probably sitting there asking yourself, “Is a mortgage…

Is A Mortgage Note A Security?

Let’s face it, getting a mortgage can be a daunting process. There’s probably a time where you’ve asked yourself, “Is a mortgage note a security?” While it is a security, you’ll still have to follow the terms you’ve agreed with…

Can You Reverse A Reverse Mortgage?

A reverse mortgage allows eligible homeowners aged 62 and older to convert part of their home equity into cash without having to sell their home or take on a new monthly mortgage payment. It can provide retirees with extra income to help supplement Social Security or meet unexpected expenses.  However, reverse mortgages also…

Are Mortgage Companies Banks?

A mortgage is likely the largest loan you’ll ever take out in your lifetime. With so much at stake, it’s important to understand the key differences between mortgage companies and banks when choosing where to get your home loan. While…

Is A Mortgage A Voluntary Lien?

If this is your first time buying a home, chances are you’ve taken out a voluntary lien. At this moment, you are investing in your property and placing it in collateral. You might be tempted to take out a lien,…

Is a Mortgage a Loan Agreement?

The process of applying and getting approved for a loan can be quite confusing, particularly if you are real estate-hunting for the first time. But understanding is a mortgage a loan agreement will help you grasp each step of the…

How to Assume a Mortgage?

Most people think that purchasing the home of their dreams and taking out a mortgage go hand in hand. However, there is a type of mortgage that presents a beneficial and practical approach to home financing. Depending on the circumstances,…

Are Mortgage Points Tax Deductible?

Mortgage points, also known as discount points or origination fees, are fees paid to a lender to reduce the interest rate on a home loan. Whether or not these upfront fees are tax deductible depends on your specific situation. So are mortgage points tax deductible?…

Is A Mortgage An Encumbrance?

In the real estate world, there is a specific lingo consisting of a variety of words and one you might have heard tossed around is an encumbrance. So,is a mortgage an encumbrance? A mortgage is an encumbrance. An encumbrance is…

How Do I Know If My Mortgage Is Federally Backed?

Mortgages are the most common way to purchase a house nowadays. However, most people do not know whether their mortgage might be federally backed.  How do you know if your mortgage is federally backed? If you’re not sure whether or not…