With low interest rates and plenty of low down payment options available, there will be a lot of first-time homebuyers this spring. If you—or someone you know—are considering buying your first home, here are 10 tips that can help you through the process: 1. Buy when the time is right for you. Don’t let market conditions dictate when you should buy. The ideal time to buy is when you are ready to buy. 2. Work on your credit score. Your score will be a big factor in what kind of

Although closing delays are sometimes unavoidable, you—as a buyer—can take steps to help ensure that you have the quickest possible closing: Get everyone on the same page. First and foremost, everyone involved in the process should know that you desire a quick closing. Whether it’s your real estate agent, mortgage lender, broker, settlement agent, or other professional, make sure you talk to them ahead of time. Not only will they be able to help speed along the process, but t

Here are few answers to some basic questions about mortgages and the lending process: What does APR stand for? APR is your annual percentage rate and it's what you'll pay in addition to your principle. It includes your interest rate, points, mortgage insurance, and any other up-front fees. If I get a pre-approval, do I have to use that lender? No. A pre-approval is simply an estimate of the amount a particular lender is willing to lend to you, based upon your income and credi

Andy Emanuel from Omega Financial Inc., a mortgage brokerage in Norwood, MA, answers mortgage FAQs. Looking to buy a home this Spring? Andy recommends you start the mortgage pre-approval process now, so that you're ready when you find your dream home. Omega Financial+ For 25 years, Omega Financial has been serving mortgage clients in Massachusetts. Our brokers have more than 60 years in the mortgage business. You always will receive fast, courteous, and accurate information.