Home Refinancing Cambridge MA

Homeowners can apply for home refinancing, meaning they can get an entirely new mortgage on their home. This can be advantageous when mortgage interest rates fall below what they were when the original mortgage was taken out. This will result in lower payments and savings over the entire life of the loan. But homeowners must meet certain criteria before they can refinance; homeowners’ credit file will be reviewed, and a title report along with a report on liens on the property will be done, among other things, when the homeowner is going through the application process.

Winter Hill Federal Savings Bank
(617) 666-8600
342 Broadway
Somerville, MA
 
Dynamic Capital Mortgage Inc
(617) 739-4000
1371 Beacon St Ste 301
Brookline, MA
 
Deutsche Bank Berkshire Mortgage Inc
(617) 523-0066
1 Beacon St Fl 14
Boston, MA
 
Charles River Mortgage Co Inc
(617) 722-0270
84 State St Ste 800
Boston, MA
 
First Eastern Mortgage Corp
(617) 248-0901
19 School Street
Boston, MA
 
Countrywide Bank Na
(800) 960-4219
1295A Beacon St
Brookline, MA
 
Massachusetts Hsg Fin Agency
(617) 854-1000
One Beacon Street
Boston, MA
 
Db Mortgage Services LLC
(617) 523-0066
1 Beacon Street - 14Th Floor
Boston, MA
 
Massachusetts Mortgage Bankers Association
(617) 570-9114
21 School Street 2nd Floor
Boston, MA
 
Massachusetts Housing Partnership
(617) 338-7868
2 Oliver Street 9Th Floor
Boston, MA
 
Opinion Corner
People in Massachusetts shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 57%
Rent: 38%
Other: 4%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 10%
I have had to downgrade my home: 7%
I am living paycheck to paycheck: 32%
I have eliminated some of my expenses in order to keep my home: 27%
It has not affected me: 20%
Other: 2%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 12%
I have some equity in my home: 63%
I own my home outright: 9%
I have no idea: 9%
Other: 6%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 32%
I have tried but have not been successful: 29%
No: 38%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 30%
Yes, they were slightly affected: 38%
Yes, they were significantly affected/drained: 30%
Source: Survey.com