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Newsletter 2024 V1 Article - Mortgage Options
When it comes to buying your first, second, or forever home, it’s good to know you have options.
At UMassFive, we can help you find a rate and term to match your home financing goals—from fixed and adjustable rate mortgages to zero-down options through the FHA and MassHousing programs. We even have a special medical mortgage program for our local residents. Look here to see what option could be a good fit for you!
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Mortgage myths you can forget
MassHousing – If you’re considering buying a home in Massachusetts, it’s worth a look, as eligibility requirements aren’t as stringent as you might think. MassHousing offers down payment assistance, low rates, and job-loss payment protection mortgage insurance, to name a few of the many benefits.
All About ARMs – Adjustable rate mortgages (ARMs) can be a good fit for a range of homebuyers, especially if you think rates may be going down or leveling out in the future. While ARMs earned a bad reputation in the past, subsequent legislation put more protections in place for homebuyers, making ARMs a worthy option to consider.