TLC Real Estate



Posted by TLC Real Estate on 8/5/2020

 

Sophisticated and luxurious retreat that reflects the magic of the Hingham waterfront. Escape to home sweet home at BRIO where you'll find stylish single-living condominium homes, an elevated waterfront courtyard, and stunning sunsets. Located in the vibrant Hingham Shipyard, BRIO is just steps from shops, dinning, groceries stores, entertainment and the ferry into Boston.




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Categories: Buying a Home   Real estate   Relocating  


Posted by TLC Real Estate on 11/6/2015

When buying a home and shopping for a mortgage there are lots of new and unknown terms and one of those is often PMI. What is PMI? PMI stands for private mortgage insurance and chances are if you are first-time buyer you will have to pay it. First things first, PMI is for the lender, not for you. Typically, homebuyers who put down less than 20 percent on their homes are required to pay private mortgage insurance. PMI protects the lender in the event that you default on the loan. Mortgage insurance requirements vary by loan type and are not inevitable. Different loan types will have different mortgage insurance requirements. You will want to shop around because some loans have no PMI requirements at all. If your loan has PMI some lenders may offer something called “lender paid mortgage insurance” in exchange for a slightly higher interest rate. Here are some typical loans and the PMI requirements: FHA loans: Require mortgage insurance to be paid up front and monthly if equity in the home is less than 20 percent. VA loans: Do not require mortgage insurance. USDA loans: Do not require mortgage insurance. Conventional loans: Require mortgage insurance if equity is less than 20 percent. If you have to pay mortgage insurance you are not stuck with it forever. Once you reach an equity position of 20 percent or more you will be able to stop making mortgage insurance payments.  When you reach this position notify your lender, who will send you information on what is required for your specific loan program to get rid of mortgage insurance payments.





Posted by TLC Real Estate on 10/30/2015

The housing market may be in recovery and some analysts are predicting that mortgage rates will be heading upward. In that case, and in any case prospective, current home seekers as well as homeowners are always looking to lock into the lowest interest rate possible. Here are some tips to help home buyers shop for the best rate: Before you call your lender and ask for the best rate you need to know two things: 1. The number of points you want to pay. 2. The length of time you want to lock in the rate. Knowing what you are planning on doing with your home and how long you intend to stay there will give you a baseline for comparison of rates. Don't just call any old lender advertising the lowest rates. As not all real estate professionals are alike, neither are lenders. You need a reliable lender who will not try to trick you into a lower rate only to change the rate on you later. The best way to find a lender is through a referral.  Once you have found a lender you will want to shop around for a few more. Make sure to be up front with everyone, and be consistent. Call them all on the same day and provide the same information to everyone. The interest rate is not the only fee to consider when borrowing money to buy a house. Be sure to ask about all the additional fees associated with the loan. For more information check out the Truth in Lending Act.    





Posted by TLC Real Estate on 9/18/2015

If there was ever a time to purchase real estate it is now. A unique combination of circumstances makes buying a home a no-brainer. Here are five reasons why you should buy a home NOW...   1. Houses are more affordable 2. Historically low mortgage rates 3. Prices are stable 4. Home ownership is the path to independence and wealth 5. Owning a home gives you pride of ownership Call today to find out what homes are available in your price range or do a quick search to look for homes and create a profile on this site to save your favorites.





Posted by TLC Real Estate on 8/28/2015

Rates are low, prices are right, and now is a perfect time to think about investing in real estate. Many would-be investors think real estate is a way to quick riches. Rapid monetary returns are usually not the case. However, the rewards can be substantial if you are willing be patient, do the necessary homework, and make a few good decisions along the way. Before you start investing in real estate, here are a few things to consider: • Start small: Don't go large on your first investment. Take on a smaller investment first so you have the opportunity to make some mistakes that won't cost you large amounts of money. Investing is a learning process. • Don't overpay: Do your research on your potential investment. Do full a full property evaluation; research the location, have a home inspection, and look into any liens and owed taxes. Always conduct an in-depth property analysis before negotiating any terms. • Consider the margins: Paying the bills on an investment property is different than paying for your personal residence.  When you buy an income property to rent, you're calculating how the income (rent payments) will help pay the mortgage and operating costs. • Know your partners: Having a bad partner could be your biggest downfall. Try to team up with a more seasoned real estate investor to learn the ropes. It is also important to be comfortable with your partner. Like all other businesses, real estate investing, requires a well thought out plan if you want to succeed. Weigh all the risks involved in real estate investing and develop a plan on how you will manage and overcome them before you get started.  







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