Historic homes hold a unique charm and a rich sense of history that can be incredibly appealing to homeowners. Whether you're a history enthusiast or simply drawn to the character and craftsmanship of older homes, purchasing a historic house in Massachusetts can be a rewarding experience. However, it's essential to approach this endeavor with careful consideration, as historic homes come with their own set of challenges and responsibilities.
Are you ‘wasting money’ by renting? You may have heard this from well-intentioned family and friends who like to remind you that you're paying your landlord's rent or money spent on rent is money you'll never get back.
While this is technically true, renting does make sense for a lot of people and there is nothing wrong with it. Here are some benefits to renting:
The Federal Housing Finance Agency (FHFA) recently announced changes to Fannie Mae’s and Freddie Mac’s fee matrix.
Referred to as Loan Level Price Adjustments (LLPAs), they use a pricing matrix to determine your loan fees and interest rate based on your credit score, the loan-to-value ratio, occupancy (owner vs non-owner occupied homes), and most recently, your debt-to-income ratio.
