Massachusetts Home Financing Attorneys
Middlesex County • Essex County • Norfolk County
A mortgage is the financing you use to purchase your home. Today, mortgage companies and mortgage brokers handle almost all mortgage loans, as they can offer a wide variety of mortgage options and help you to obtain the lowest interest rates.
At the Law Office of Mark L. Murphy, our Lexington real estate attorneys assess your situation and help you determine your goals and plans with regard to the home you purchase with us. Well versed in Massachusetts mortgage law, we advise you as to the available mortgage options and which one would be most suitable for you.
Contact a Boston mortgage lawyer at our firm today for your free initial consultation. With 25 years of practicing exclusively in residential real estate law in Massachusetts, we know what buying a home is all about, and we know how to help you.
- A traditional fixed-rate mortgage locks you into the current interest rate for the duration of the mortgage, unless you refinance.
- Various adjustable-rate mortgage financing may change as interest rates change each year, or may be fixed for a certain time period, and then change with changing rates.
- Interest-only mortgage financing allows you to pay the principle at the time you sell the home.
- VA and FHA loans cover a high percentage of the principle, reducing the amount required for your down payment.
- Sub-prime mortgages offer an alternative loan plan for higher-risk borrowers who have bad credit, although at higher interest rates.
Each of these financing options has advantages and disadvantages depending on your circumstances, goals, and plans. We can help you to sort through the complexities.
We draft purchase agreements, arrange for inspections, conduct title searches, and our Boston conveyancing lawyers conduct closings. Our job is to protect your rights, protect your home equity, and make sure transactions proceed smoothly with a minimum of risk and no surprises.
We provide title search services and offer legal advice concerning residential mortgages.
Contact our experienced mortgage law firm today for answers to your residential mortgage questions, and to learn your options.
