Seder & Chandler, LLP
Worcester 508-471-3018
Westborough 508-709-0024

Mortgage Archives

Do reverse mortgages ease retirement worries?

Some might imagine the benefits of retirement to include a more relaxed schedule and fewer debts. For example, children might be grown, a house mortgage might be paid off, and retirement accounts may have vested. Why, then, are some retired Americans exploring a reverse mortgage?

First-time Massachusetts homebuyers may face added challenges

For many Massachusetts workers, buying a house is the quintessential American dream. Such a goal often involves years of saving and planning. For example, in order to qualify for the most favorable mortgage rates, a homebuyer may need to make a sizable down payment, perhaps as much as 20 percent.

Restrictions on jumbo mortgages may be loosening

As readers may know, Fannie Mae and Freddie Mac are stockholder-owned corporations that, according to their websites, purchase mortgage loans complying with certain guidelines. Those mortgages are then packaged into securities that investors can purchase.

Are government-guaranteed mortgages unfair?

Some commentators may question the federal government’s level of involvement in the mortgage market. At least two entities that guarantee mortgages, Fannie Mae and Freddie Mac, are government sponsored. That involvement may raise certain expectations and policy questions.

For many, second mortgage reset period rapidly approaching


By all indications the Massachusetts housing market is in full recovery. Many of the previous stories discussed on this blog document how experts in the real estate field predict that current trends may hold firm and improve the market in the foreseeable future.

Mortgage rates rise across the country


Worcester residents thinking about buying real property or refinancing the existing homes may be interested to learn that mortgage interest rates are migrating north from their historic lows set earlier this year. The chief financial officer for Well Fargo & Co., the nation's biggest mortgage lender, does not believe that rising rates will slow down interest in buying homes, though Worcester residents with limited budgets may disagree.

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