Boston Realtor Mike Mahoney
Michael Mahoney
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Archive for the ‘Financing’ Category

What Counts as “Low Credit” Anyway?

December 3rd, 2018 by Michael Mahoney

What Counts as “Low Credit” Anyway?

First, let’s debunk the home-buying myth that you have to have a gold-plated credit score to buy a house. Lenders review your whole financial picture. If you have a steady income, a regular payment history, and some cash in hand, that will help balance your less-than-perfect credit.

 

How Does Your Credit Score Affect Interest Rates?

You may pay more in the form of a larger down payment, a higher interest rate, private mortgage insurance, or points, which are fees attached to the loan.

How much more interest might you pay? Let’s say you’re going for a $216,000, 30-year, fixed-rate mortgage. Here’s how your rate could change based on your score. (FYI, the monthly payment estimate includes only interest and your principal, not insurance, taxes, private mortgage insurance, or other expenses.) Rates here may not reflect current conditions.

Get the report on how to get a mortgage with a Little Credit

 

 

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

Community Events

lunch at Besito chestnut hill

Women over 50, daytime events for drivers

we will be having lunch at Besito chestnut hill.

Tuesday Afternoon Mah Jongg

Mah Jongg in Cambridge and Beyond

Advanced players are welcome to join us for mah jongg. This is a fun relaxed group that can play a mean game of mah jongg. We like to play fast.$5. Pie.

Tuesday Mixed Doubles Outdoor Tennis - over 2.5 skill level - 6:30-8:30PM

Boston Tennis Players

Hi there, This is a great group for over 2.5 skill level. People will match themselves up for mixed doubles for social and skill play. Players can play longer if courts are available. Lights are usually on until 10:15PM. Please bring a can of new...

Mandarin Club Bilingual Chat in Harvard's Longwood Medical Area

The Boston China Interest Network 波士顿中国兴趣俱乐部

Events that are culturally or socially oriented include our weekly bilingual Mandarin-English TUESDAY evening chat group and the weekly bilingual Cantonese-English FRIDAY evening chat group at the Harvard T. H. Chan School of Public Health at...