Boston mortgage sector offers various flexible plans to the borrowers to own a home in the city of Boston. As we all know that the mortgage rates depend on several factors and differ from place to place according to the demand. Boston mortgage rates and mortgage plans are also beyond comparison.
Mortgage loan is available for all the purpose, may be purchasing, refinancing, or home equity loans. The mortgage industry offers different Fixed Rate Mortgages such as Adjustable rate Mortgages, Jumbo Mortgages, Interest Only Mortgages, Balloon Mortgages, etc. The interest rates on these plans are very flexible.
Boston offers a wide range of variety in the real estate sector. A perfect blend of tradition and modernity can be found in the city of Boston. There are several educational establishments in the city and the availability of the other necessary services are also very good in the city.
It is a city where different types of cultures, traditions, and philosophies existing in Boston which makes the city quite attractive and induces people to settle there. Because of all these and lot more, people want to settle there and they are helping the Boston mortgage market to grow at a rapid pace.
The mortgage sector of Boston is also as diversified as the housing sector and every prospective borrower can find a suitable plan for himself or herself. There are several companies in the mortgage sector to offer the borrower a number of options and the competition between the mortgage loan providers are making the market much more flexible.
There are several ways to find the best rates and the best company in the city of Boston. One can search online and can use the online tools for the purpose. The prospective borrower can also meet the lenders and collect the data.
The interest rates on the different loan plans are as follows:
30 year Fixed Rate Mortgage: 5.625-6.500 %
20 year Fixed Rate Mortgage: 5.500-6,125 %
15 year Fixed Rate Mortgage: 5.250-5.925 %
10 year Fixed Rate Mortgage: 5.250-6.125 %
30 year First Time Home Owner: 5.625 %
1/1 Adjustable Rate Mortgage: 6.000-6.125 %
3/1 Adjustable Rate Mortgage: 5.125 %
7/1 Adjustable Rate Mortgage: 5.375-6.325 %
5/1 Adjustable Rate Mortgage: 5.125-5.825 %
10/1 Adjustable Rate Mortgage: 6.125 %
There are several mortgage companies in the city of Boston.
Some of these companies are:
First Call Mortgage Company
Drew Mortgage Associates
Home State Mortgage,Inc.
N.E. Mortgage Lender
New England Merchants
Jefferson Funding LLC
Next Level Realty & Mortgage,Inc.
Carteret Mortgage Corporation
The EJG Group Inc.
Hilltop Mortgage Services INC
Last Updated on : 24th August 2013