Mortgages, home equity lines and refinances available for properties in Canton and throughout Eastern Mass.

Recently, a customer who had a mortgage and an equity line on their home here in Canton said their son was planning to buy a house in a nearby town and they really wished he could work with us to get his mortgage. (We told them, “He can!”)

Around the same time, another customer asked if they could get a mortgage with us for a vacation/beach house they were hoping to find soon. (The answer was, “Yes!”)

Continue reading Mortgages, home equity lines and refinances available for properties in Canton and throughout Eastern Mass.

Smart About Money: Should people be required to have cash reserves?

Personal finance expert Suze Orman often speaks about the importance of “expecting the unexpected,” and she’s right.

Of course, sometimes people face disasters no one could have seen coming or planned for. But things such as higher property tax bills, “emergency” dental surgery, significant veterinarian bills for pet operations and car repairs are among the common “unexpected” expenses everyone runs into sooner or later.

Continue reading Smart About Money: Should people be required to have cash reserves?

How to avoid becoming a victim of a “Mortgage Closing Scam”

There are a couple of things you get accustomed to very quickly when you’re getting a mortgage for a new home or refinancing your current mortgage. Even if you’re “just” getting a home equity line. You have to provide a lot of information that you are usually urged to keep private. And you have to sign a lot of documents.

Continue reading How to avoid becoming a victim of a “Mortgage Closing Scam”

Smart About Money: Credit Score Boosts – a great idea or not-so-much?

Right now, Experian and FICO are offering what they call “credit score boosting” programs, Experian Boost and UltraFICO. Both are free and supposedly could help an individual increase their credit score by about 10 to 40 points.

There are reports all over the internet which might lead you to believe that the credit score boosts are the best thing since sliced bread. But actually it’s not that simple.

Continue reading Smart About Money: Credit Score Boosts – a great idea or not-so-much?