01-10-15 RERB Doug Munsell of Longwood Appraisal, Peter Milewski of MassHousing, Doug and Collin Bray of Century 21, and Chris Perchard of Real Living Realty Group.

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This week is a “Best of Real Estate Radio Boston” show.  We welcome Doug Munsell of Longwood Appraisals. He talks about some of the challenges he faces in appraising in this real estate climate. Listen in to learn what goes into making an appraisal that will satisfy an underwriter.  What is an appraisal management company?  This is a packed segment; listen in to hear Doug explains what you need to know to demystify the appraisal process.

Up next,  Peter Milewski, Director of Home Ownership Lending for MassHousing. Peter explains that MassHousing is a quasi-state agency, chartered to help low and moderate income homebuyers. They also have the authority to do refinances. It is not just for first time home buyers, it is also for low and moderate income move-up buyers as well. The loans are for those low and moderate income buyers that are making up to 135% of the adjusted median income in a market. In Boston that is over $120,000 a year. About 60% of home buyers will qualify for a MassHousing Loan. MassHousing is an investor that buys high quality loans from lenders. Their goal is to create a product that is easy and affordable for low and moderate income people to use to get a loan. Their debt to income ratio requirements are about 41-45%. They can go down to a 3% down payment. This is Rick’s favorite loan program. There is a great deal of information in this segment. Listen in to hear more about this fantastic loan program. If you are interested in learning more about this program, call 855-4Ask-Rick.

Doug and Collin Bray of Century 21 Cityside join us.  They are part of a family run business, located in the Back Bay, and have been in business for over 35 years and have over 20 agents available to service your needs.  Century 21 Cityside provides both Rental and Sales Services. They specialize in working with investors, buying multi-family homes and condos.  They give us a wealth of information on the real estate market downtown and spend some time talking about the Millennium Towers, as well as the Christian Science Church Development.  They offer some great info on both of these properties.  Doug and Collin also share some insight into what makes a new Realtor successful.  This was a jam packed segment; you don’t want to miss any of it!  You can reach Doug and Collin Bray at 617-262-2600.

In the final segment, we are joined by  Chris Perchard of Real Living Realty Group. He specializes in Franklin, Walpole, Norfolk, Wrentham and the communities that touch those towns.  Chris has a team he works with and has been servicing the needs of his clients for over ten years.  He believes in the “A, B, C’s” in regards to his clients. “A” is for Advising, “B” is for Being Honest, and “C” is for Communication.  He is seeing a lot of “step-up” buyers, those that are selling their first homes to buy a larger one, as well are owners who are selling to downsize.  Since May, Franklin has roughly doubled its inventory.  If you need a great Realtor in these areas, you can call or text Chris at 508-641-2907.

Text the word “REFI” to  617-548-7425 Rick will give  give you a total cost analysis on all of your Refinance options.

Text the word “AGENT” to  617-548-7425 Rick and Ali will get you a personal introduction to a trusted, vetted Realtor that services your area. 

Text the word “TITLE” to 617-548-7425 Rick and Ali will send you “The 70 Reasons to Buy Title Insurance”

Text the word “PREAPPROVE”  to 617-548-7425 and Rick will get in touch with you, and get your pre-approval up to date.


Get the information you need about today’s Real Estate market straight from the experts! If you have a question and would like it answered on the next show –  call us directly at: (855)-4-ASK-RICK and (877)-55-ABLAW Tune in every Saturday from 8-9 pm on WBZ AM 1030     Leave a comment / question below or on facebook.com/YourMortgagePlannerForLife and we may answer it on the show; either way we will answer your question personally.

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