Application Center
  Second Mortgage
Home Refinance

Purchase Loans
Debt Consolidation
Free Loan Quotes
  Loan Programs

Find the Best Loan Offer with No obligation.

Apply in 30 seconds with one quick, easy form

Check Mortgage rates & get a free personal loan quote.

Massachusetts Home Mortgage Tips: Getting Cash to Purchase a Second Home

The median price for a single-family home in Massachusetts dropped 6.1 percent in August and Massachusetts home sales is down 21.6% from last year, says the Massachusetts Association of Realtors. The median price for a condominium fell 3.3% in August and sales dropped 18.5%. The drop is the fifth straight monthly decline. "Things are not over in terms of the price declines," said David Iaia, a senior principal for Global Insight, a Lexington economics consulting firm.

The real estate market is slowing across the country, although not as dramatically as in Massachusetts according to The National Association of Realtors. In Massachusetts, which usually ranks among the top 10 in home price appreciation, the market has sagged so much that it now ranks 48 out of the 50 states.

"There is more inventory on the market longer than in most recent history," says Maggie Tomkiewicz of M. MacDonald Associates of South Dartmouth, a former president of the statewide Realtors group. An end to the decline is not in sight, according to a New York economist. "The market has lost some steam simply because many buyers are waiting to see if prices will go lower," David Wluka, president of the Massachusetts Association of Realtors, said in a statement. "Until supply and demand are in better balance, we will continue to see modest price corrections."

With Massachusetts declining home values, rising inventory and recently declining interest rates, now may be the time to look into Boston home loans, Cambridge home loans and mortgage loans through other parts of Massachusetts. Or, get a home equity line of credit (HELOC) or cash out second mortgage for your second home purchase or to get cash out for buying investment property.

Getting a home equity loan on your primary residence is easiest for getting the cash you need for the down payment. And remember, you can take up to a 100% tax deduction on the interest you pay on your 2nd mortgage loan. Cash out can be your investing tool of choice for a second home or investment property. The slump won't last forever, so it's best to move while Massachusetts home prices and interest rates are low.

Nationwide Mortgages offers consumers in New England, home mortgage loan tips for refinance, home equity, second mortgages, home purchase and debt consolidation loans.

Shop & Compare home loan products by state, with helpful advice for homeowners in Massachusetts.

Nationwide Solutions

Nationwide Solutions, your Home Equity Loan Experts, offers exclusive 2nd mortgage, refinance and debt consolidation options to help maximize the equity in your home.

Nationwide Refinance

Nationwide Home Equity

Our HELOC product and Fixed Rate Home equity Loan are our two second mortgage products which offer an interest only payment with the HELOC or terms ranging from 10 to 30 years for the fixed loan.

-Equity Loans Online
-Home Equity Loans
-Home Equity Consolidation
-Stated Income Home Equity
-Fixed Rate Equity Loan
-Equity Line of Credit
Sub-Prime Home Equity

Nationwide 2nd Mortgage

If you have been turned away for second mortgage because you don’t want to refinance your 1st mortgage; then let Nationwide Mortgages have the opportunity to get you approved for a second mortgage loan that gets you the cash you need at the best rate.

-Second Mortgage
-Fixed Rate 2nd Mortgage
-Debt Consolidation Loans
-Second Mortgage Financing
Second Mortgage Refinance
-Second Mortgage Loans

Nationwide Home Purchase

Nationwide Solutions is your answer! Contact us and learn how to get your loan funded in 2 weeks!

-Purchase Loans
-Zero Down Home Loans

Apply Online or Call our Friendly & Experienced Loan Department for a Free Quote

Lower Your Monthly Payment and Get Cash Out!

Residents of Massachusetts should consider refinancing your home and get cash for home improvements or consolidate your bills with extra cash out of the loan. You can significantly lower your current interest rate as well as lower your monthly mortgage payment so that you can save hundreds of dollars each month.

Rate & Term Refinance
Loan Refinancing with no cash out. Borrow up to 110% of the value of your home! Massachusetts homeowners can lower their mortgage payments with reduced fixed rate loans.

Jumbo Home Loans
These loans do not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo loan.
These loan amounts can go from $417,000 up to 3,000,000.

FHA Streamline Refinance
These are loans insured by the FHA. They are generally a little easier to qualify for than conventional loans and may require less of a down payment. FHA Loans are great for first time home buyers with less than 3% down.

100% Home Purchase Loans
We offer 100% purchase loan programs for Massachusetts borrowers. From the 1st time home buyer to the experienced pro, we have the perfect program to meet your unique borrowing needs.


Related Mortgage Articles:
Mortgage Language 101 | Credit Repair | Prepayment Penalties | Loan Consolidation | Paying Off Debt

125 Home Equity | Bad Credit Debt Consolidation Loan | 40 Year Mortgage | Home Equity Loans Bad Credit | Bad Credit Mortgage Refinance | Second Mortgage Bad Credit | Home Equity Loans Online | Second Mortgage Lender | Massachusetts Mortgage | Mortgage No PMI | Stated Loans | Low Down Payment Mortgage | VA House Loan | FHA House Loans | Bad Credit Home Buying | FHA Credit Score Requirements | Down Payment Assistance Home Loans | Down Payment Assistance Loan in Florida | Arizona Down Payment Assistance for First Time Home Buyers | Nevada Down Payment Assistance Loan | Down Payment Assistance Home Loans in Texas | Oregon Down Payment Assistance Loan | Low Income Home Loans | Downpayment Assistance Loans for First Time Home Buyers

This is not an advertisement for credit. See Privacy for Details. Nothing on this web site contains an offer promise either to make a mortgage loan or that any participating lender will guarantee any home loan for any purpose or on any specific terms. Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

Home | Company Profile | Loan Programs | Free Loan Quotes | Warranties and Terms