Experience: All our mortgage brokers are well-versed in every aspect of the mortgage industry. Moreover, our team consists of seniors, with each possessing more than ten years of experience. Independent: While we represent both borrowers and lenders, we are independent brokers who work for you, and not the bank! This is because our business is primarily built through referrals, which means your satisfaction and your positive mortgage experience is essential for our business. Efficient service: Our services are quick, friendly, and highly customer-centered. We are committed to serving you even after your transaction is complete. We’re available at all times to answer…

Real estate usually appreciates over time, so the chances are the value of your home has increased since you bought it. By obtaining a Home Equity Loan or Mortgage, you can get access to money based on the increased market value. You can calculate how much you can borrow with a home equity loan by using the following equation: PRESENT VALUE OF YOUR HOME – THE AMOUNT OWING ON YOUR MORTGAGE = HOME EQUITY For example: If you bought a home 20 years ago for $400,000 and have paid $250,000 of your first mortgage you now only have $150,000 remaining to pay. Over the twenty…

Capitalizing on a Home Equity Loan has two primary advantages. Lower interest rate. The interest rate you pay on your average home equity loan is lower than the interest rate you will pay on your average credit card by at least eight percent. Home equity loans also have a lower interest rate than personal loans and other types of non-secured debt. Tax savings. If you obtain a home equity loan, you may be able to deduct the interest you pay on the money you borrow. However, it depends on what the money is used for. Also, the interest you pay on credit cards and…

You can use a home equity loan for anything you need the money for. Some of the common reasons people apply for a home equity loan are: Home improvements Investment purposes Debt consolidation To buy another piece of property Pay off educational expenses/tuition Start a business or grow an existing business Take a dream vacation Finance medical emergencies For additional cash flow.

You can calculate how much equity exists in your home by using the following equation: PRESENT VALUE OF YOUR HOME – THE AMOUNT OWING ON YOUR MORTGAGE = HOME EQUITY To do so correctly, you first need to calculate how much home equity you have by following the formula mentioned above. Once you’ve determined your home’s equity, with MASS Mortgage Group’s home equity loan, you can have access to a portion of your home’s equity within ten days.