Refinancing (especially at today’s low rates) can be fabulous just make sure to keep an eye on the cost to refinance. Many people tend to ignore the refinancing costs because these expenses are rolled back into the new mortgage. Many people figure that if the new payment is lower than what they’re currently paying and [...]
Some people who bought at the height of the real estate market decided rather than sell their home at a loss, kept the property and rented it out – choosing to wait until the market recovered. It’s a valid strategy but there are time restrictions that could have serious tax implications for some homeowners. [...]
Soon properties will no longer be allowed to remain “Active” for sale but “flagged” as having an offer accepted. Having houses that are not for sale show as still active has been confusing for buyers and has messed up statistics in the area for the last few years. “ I’m very pleased to see our [...]
Boston Magazine has just announced their 2013 Best Places to Live. It’s always fun to see which cities and towns make it on this annual list. Medford was named a Best Place to Live in the Starting Out category. Woo-hoo!!
The quality of the photos and video that are used to market your home for sale can make a big difference in the amount of showings for your house, how long you’ll be on the market and can even effect the amount of money you get for the house. I recommend that part of your [...]
Whether your children are looking to go to college or a trade school, saving for this extra expense (while making sure you have enough money for retirement) can be difficult. You might want to consider purchasing an investment property. A good rental home will easily rent, generate positive cash flow and pay for itself. One [...]
Most people change the locks as soon as they move into a new home and never touch them again. Other times when it’s wise to change the locks is when keys are lost, stolen or unreturned; such as if a service provider hasn’t returned the key. Replacing the lockset would give you a totally new [...]
Thankfully we didn’t get much damage from Sandy around here, but who knows when the next superstorm will hit the Boston area and hit us hard. A number of things can cause water damage to a home and it’s good to understand what’s covered by your insurance policy since not all water damage will be covered. [...]
You might find this hard to believe but 30 year fixed-rate mortgages haven’t always been the standard. As part of FDR’s New Deal in 1934, the Federal Housing Administration was created to help Americans purchase homes with affordable terms. Prior to then, many loans had an amount due at the end of the term called [...]
Have you refinanced recently but rates are now lower? Some people believe they shouldn’t refinance more often than once every two years. The determining factors are if you’ll lower your payments and plan to stay in the home long enough to recapture the cost of refinancing. If so, you should consider refinancing. Interest rates have [...]
