Applying for a Mortgage? – Read our 8 Tips
Applying for a mortgage? Despite increasing prices in the Boston luxury real estate market for the last few years, the city remains a popular place to buy a home. The Boston luxury condo market is still appreciating and is expected to continue to do so for some time (just not the extreme appreciation we’ve seen in the last few years). Some Boston high rise condo buyers will pay in cash for their homes in 2018 — but the large majority will use traditional financing. Here’s our latest Boston real estate agent guide to smart mortgage borrowing.
- Don’t overestimate your earnings.
- Use a Boston condo buyers’ agent.
- Borrow sooner, rather than later.
- Lock the mortgage rate in.
- Pre-what? Get pre-approved.
- Make a smart investment.
- Don’t touch that credit!
- Vigilance = Good Credit for Life.