Homeowner

This page is for anyone looking into a new loan or refinancing an old one. "The Center For Responsible Lending" explains to the consumer what to look out for so he/she can avoid getting into a predatory lending situation.

The American Association of Retired Persons has on-line information concerning reverse mortgages. Reverse mortgages allow you to borrow money against your home equity and make no monthly payment.

This page allows you to look up the FHA mortgage limits for your area or several areas. It lists them by state, county, or Metropolitan Statistical Area.

Discrimination in mortgage lending is prohibited by the federal Fair Housing Act and HUD's Office of Fair Housing and Equal Opportunity actively enforces those provisions of the law. The Fair Housing Act makes it unlawful to engage in the practices descirbed at this link.

This Program by the Obama Administration is designed to help struggling Home Owners, who due to loss of income/job or delinquency or close to becoming delinquent on thier loans to lower their monthly payments by restructuring their loans so they can again make payments and thus avoid foreclosure. Current loans have to have originated before January 1, 2009.

Important Home Improvement Loan information by the FDIC: Think twice about using your home as collateral. Learn how to avoid a bad lender and much more:check this page for important information.

If you're thinking about refinancing, check out this web page from the Citizen Information Service by the Secretary of the Commonwealth. From there you can get to a mortgage refinancing worksheet.

If you are thinking of re-financing your home but you don't have perfect credit you need to be very careful of any creative financing deals offered to you. This site will give you good tips an what to look out for and what offers are scams you should stay away from.

MAHA (Massachusetts Affordable Housing Alliance) offers workshops that will help you plan to always have money to pay your mortgage on time and have sufficient savings for necessary repairs, even when times are not at their best. This link will give you information on these classes and where to sign up.

MassWorks is an employer-assisted mortgage program for first-time homebuyers offered by the Massachusetts Housing Partnership in conjunction with the state Department of Housing and Community Development and participating lenders.

MassHousing is the state's affordable housing bank. We lend money at rates below the conventional market to support rental and home ownership opportunities for low-and moderate-income residents of the Commonwealth. MassHousing relies on private non-profit and for-profit developers to construct and operate the rental housing that we finance, and on an extensive network of approved lenders to deliver our home mortgage programs to first-time home buyers.

Information on Private Mortgage insurance and the new laws your lender has to follow. This important site is provided to you by the Federal Reserve Bank of San Francisco.

Reverse Mortgages are becoming popular in America. The U.S. Department of Housing and Urban Development (HUD) created one of the first. HUD's Reverse Mortgage is a federally-insured private loan, and it's a safe plan that can give older Americans greater financial security. To read more open this website!

Wellfleet offers Homeowners deferred no interest loans in order to create more affordable rentals housing in that area of Cape Cod. Homeowners who have space for a rental unit on their property, but need fiancial help getting that unit up to code and into the rental market can apply for a loan through the Town of Wellfleet. For more detailed information and an application check out this site.

What everyone should know about Home Equity lines of credit and more information. This information is provided to you by the Federal Reserve Board: