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Posted by New Age Real Estate on 6/21/2019

Mortgage scams are everywhere, and many times are well disguised so they can be hard to uncover. Not all mortgage lenders have your interest at heart so when you go out for a mortgage loan, keep an eye on these warning signs and Mortgage scams are everywhere, but this time around they come like a wolf in sheep clothing, so it is pretty hard to uncover them. Not all mortgage lenders have your interest at heart so when you go out for a mortgage loan, keep an eye on these warning signs and be prepared to run away from any lender who does the following shady actions:

They pressure you to borrow more than what you want or need

Even though you are eligible for a certain sum of money that does not mean you have to spend heavily on buying a home. Paying less on a home purchase will prevent you from living from hand to mouth in your new home. An honest lender understands and will respect your choice to borrow less than you can afford instead that encouraging you to overspend or splurge on a house.

They rush you into signing documents without reading it

Getting a mortgage is complicated. There are piles of complicated paperwork, so it is crucial that you wrap your head around every document before putting your pen on it. If a lender encourages you or uses the familiar phrase "Everything is fine," it is best you withdraw yourself f from the mortgage. No matter how busy the bank may be, they would give you time to read through the papers.

They donít give you a Good Faith Estimate

According to law, after three days of applying for a mortgage, a bank must provide a Good Faith Estimate showing your mortgage rate, closing cost, and other mortgage-related expenses. This way, a borrower will clearly understand their cost and know the estimated amount you will pay at closing. A shady lender typically does not provide this, so make sure you request one. Many banks hide this information to prevent borrowers from comparing the cost with other banks.

They use the bait and switch on you

To get more borrowers and get them excited about taking a mortgage, disreputable lenders promise borrowers one set of terms, but when it gets to closing, they deliver a different set of conditions. It is the sad truth some lenders get borrowers excited and take advantage of them when they're in a state of euphoria to alter the loan terms at the dying minute. If a lender uses this tactic on you, request an explanation. And if their reasons do not seem reasonable to you or your realtor, do not sign the mortgage documents.

They give you a blank loan form to sign

When going over mortgage document with your loan officer, be watchful for any blank forms or lines, and make sure the lender fills in all relevant information before you sign.

Getting a mortgage is not a stroll in the park. Experts recommend that you consult your attorney, local credit counseling agency or financial advisor to be on a safe side.




Tags: Real Estate   Mortgage   scams  
Categories: Uncategorized  


Posted by New Age Real Estate on 6/20/2019

This Single-Family in Everett, MA recently sold for $295,000. This Colonial style home was sold by - New Age Real Estate.


42 May St., Everett, MA 02149

Single-Family

$309,000
Price
$295,000
Sale Price

5
Rooms
3
Beds
1
Baths
De-Leaded House in the quaint Village section of Everett sit this wonderful starter home. Vinyl sided, 3 Bedrooms, 1 full bath and parking for 2 cars. Everett is known for it low taxes, dedication to Veterans and City Holiday Celebrations. House is in move in condition but needs some updating. The Casino opening in Everett will be a boom for real estate and create more jobs for Everett residents. Sales "as is" washer/dryer in basement staying. Please SEND AN EMAIL THRU MLS FOR ALL SHOWINGS, please state date and time in your email. *****Please do not text agent.**** you will get a prompt response.

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Categories: Sold Homes  


Posted by New Age Real Estate on 5/26/2019

This Condo in Haverhill, MA recently sold for $248,000. This Townhouse style home was sold by - New Age Real Estate.


94 Sterling Lane, Haverhill, MA 01835

Condo

$249,900
Price
$248,000
Sale Price

6
Rooms
2
Beds
2
Baths
The best value at Farrwood. Very good condition and a Sterling Lane location. Private patio overlooks conservation land. Low condo fee. Stove, dishwasher, microwave all new August 2007. Large bedrooms with either double or walk-in closets. Two full baths. Fireplace's family room that could be used as a third bedroom. Cathedral ceiling in master bedroom. Extra storage in attic. Water heater 2006. In very good condition.

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Tags: Haverhill   Real Estate   Condo   01835  
Categories: Sold Homes  


Posted by New Age Real Estate on 5/22/2019

This Condo in Haverhill, MA recently sold for $274,000. This Townhouse style home was sold by - New Age Real Estate.


7 Eaton Ct., Haverhill, MA 01832

Condo

$289,000
Price
$274,000
Sale Price

5
Rooms
2
Beds
1/1
Full/Half Baths
When you live 10 minutes from all the shopping you'll need and you feel like you're living in the country, your deck is very important to your serenity. This unit has the largest deck in West Meadow and can be accessed from the dining room and kitchen. Desirable West Meadow Hill presents this upgraded townhouse. Two large bedrooms, attached garage under. Totally remodeled kitchen with solid counters, stainless steel appliance, tile flooring, upgraded cabinets. Both half and full baths have been remodeled with granite counter tops and upgraded vanities. Living room has fireplace with slider to porch. Dining room has atrium windows. Huge very private deck with access from both kitchen and dining room. A great value.

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Tags: Haverhill   Real Estate   Condo   01832  
Categories: Sold Homes  


Posted by New Age Real Estate on 5/17/2019

This Condo in North Andover, MA recently sold for $290,000. This Garden style home was sold by - New Age Real Estate.


148 Main St, North Andover, MA 01845

Condo

$289,000
Price
$290,000
Sale Price

5
Rooms
2
Beds
2
Baths
Enjoy the lifestyle at Sutton Pond Condominiums! Nestled into a natural area and steps away from all the activity of downtown North Andover, this unit is simply gorgeous. Updated approximately 7 years ago and tastefully remodeled. Open living room/dining room that is viewed from the kitchen and breakfast bar. The kitchen is fully applianced with stainless steel appliances, new white cabinets, granite countertops, crown moldings, tile splash, and hardwood flooring. Spacious living/dining area features window bay and hardwood floors done in a very neutral maple color. Master bedroom suite has double closets, updated private bathroom, and neutral decor. Second bathroom has also been updated. Washer and dryer in unit are included. New hot water tank, updated A/C unit. Downtown living gives you access to the restaurants, parks, library, farmers market and shops. Additional storage in lower level, clubhouse with kitchen and exercise room. Take a look, you will be pleasantly surprised.

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Tags: Real Estate   Condo   North Andover   01845  
Categories: Sold Homes