October 29, 2018
A woman and her infant does a load of laundry

Does the FHA Require Appliances in a Property for Their Mortgages?

Getting an FHA-backed Mortgage When you buy a property, chances are you need a mortgage. After all, who has that much cash laying around for such a large financial transaction? And in many cases, to buy that house, your mortgage may need to be backed by the Federal Housing Administration…
September 24, 2018
what is an open house

What is an Open House and What You Should Expect

Sell That House! If you’re in the process of selling your home, you may be pondering the different strategies to help make that sale. Online ads. Real estate agent referrals. And don’t forget about that classic one – having an open house. Do you know what an open house is?…
September 17, 2018
what happens after an offer is accepted on a house

What Happens After an Offer is Accepted? – Part 4

What happens after an offer is accepted on a house? When you initially sign a purchase offer, what do you think about next? Moving in, decorating, and imagining get togethers with friends and family. But hold the phone! You’ve missed a few steps in between. After you give in your…
September 11, 2018
real estate counter offer etiquette

Counter Offer Etiquette – Part 3

Present your poker face  Whether it is about the price offer, the closing date, or the deposit money, real estate transactions always contain confidential details. The buyer doesn’t know if there truly are competing offers, and the seller doesn’t know precisely about the buyer’s financial situation. When a buyer does…
August 27, 2018
what is reasonable to offer below asking price

What is reasonable to offer below asking price? – Part 2

Get an education, move out, meet someone special, and buy a home together. Does this sound like anyone you know? Could it even sound like you? Even if this scenario isn’t exactly you, wanting to buy a home is a dream that many Americans have. And buying a home is…
August 14, 2018
couple making offer on a house tips

Making an Offer on a House Tips-Part 1

When it comes to looking at houses to buy, what have you been doing? Going through the open houses, having private viewings, and enjoying drive-bys? It’s only natural. After all, the more houses you see, the better the chance you have that you will find your home sweet home. But…
June 5, 2018
interest rates

Why Home Buyers Should Care About the 10 Year Treasury Bond

Bond. The 10 Year Bond. Did you hear the news? In mid-May 2018, for the first time in more than four years, the 10 year bond yield actually made it above 3%! OK, so this fact may not have you jumping for joy. In fact, you may not feel much…
May 15, 2018

Give Your Home a Little Lovin’ with a 203K Loan

So, you’re in the market for a home. You see your dream home with 4 bedrooms, 3 bathrooms on a cul-de-sac with that gorgeous backyard deck. Picture this: you and your family having barbecues, snuggling on the couch on colder nights, and creating culinary masterpieces in the large kitchen. But…
May 10, 2018
Real estate offer

6 Tips for Overcoming Real Estate Offer Rejection

If you are a home buyer, here are some questions for you: How many houses have you viewed? How many open houses have you attended? Now the final question: has your real estate offer ever been accepted? That’s probably a big fat nope. If you have experienced this scenario, then…
April 26, 2018

2018 List of 45 MA & RI First Time Home Buyer Programs

Update: As with any program, the powers that be regularly review their first time home buyer benefits to make sure that they meet the needs of their residents. The list below is in a series of updates, with the original published in June 2015. Please note that the locations may…
April 13, 2017
mortgage payment

Worried about a Mortgage Payment? No Way!

Your parents did it, your friends do it, and probably your boss too. It’s called having a mortgage! Because it is such a large financial transaction, most people need to have a mortgage payment to afford the purchase. So yes, it happens to many of us. Even though searching for a…
April 12, 2017
house hunting

House Hunting: Women Versus Men

Home buying in the current age is more than just about the price. Sure, the price is certainly a factor, considering the trend of larger, and therefore, more costly, homes. But price, by far, isn’t the only factor that influences house hunting. Think location, surrounding amenities, and features of the…
March 28, 2017
credit rating

Credit Rating Changes Means Good News for Consumers – July 2017

Here Comes Your Credit! Being approved for a mortgage is a great thing. Preparing your finances to get approved is another. On their end, mortgage lenders need to make sure that every borrower is a good credit risk. This means that the mortgage lender needs to be convinced that the…
March 23, 2017
Doctor Loan

The Doctor Loan: Your Prescription for Home Ownership

Have You Just Graduated from Med School? Paging Shamrock Financial! Needing to borrow money for your education is nothing new, but the amount of money you need to borrow just keeps getting bigger and bigger. And very few groups incur as much debt as medical professionals do. Whether you are…
March 14, 2017
first time home buyer benefits

Complete List of Available MA & RI First Time Home Buyer Benefits

Update: As with any program, the powers that be regularly review their first-time home buyer benefits to make sure that they meet the needs of their residents. The list below is an updated list of the original list, published in June 2015. Also note that the locations may also have…
March 9, 2017
Household expenses

Are You Prepared for Unexpected Household Expenses?

Can You Afford a Home? Do you know how much house you can afford? Sure, you have plugged in some numbers into online calculators, and maybe you have been pre-approved for a mortgage. But is that enough? Not really. Here’s the deal. Mortgage lenders, such as Shamrock Financial, can help…
March 7, 2017

5 Popular First Home Mortgage Loan Programs

If you are thinking of buying your first home, then you know that there are plenty of decisions to make, and one of those is about your first home mortgage loan program. Which mortgage to get, what terms are best, which mortgage lenders to consider – it can get overwhelming…
February 23, 2017

The Costs of Waiting to Buy a Home

Is It Time to Take the Plunge? Knowing that you want to get in the market for a new home is one thing. Knowing when to enter the housing market is another. Why is this? There are a ton of variables to consider: Will interest rates go up or down?…
February 21, 2017
wallet taxes featured image

Buying a House, Pay Fewer Taxes? It’s True!

Buying a House Means Saving on Taxes? True or false: can buying a house mean you pay less in taxes? The answer: true! Maybe that riddle wasn’t all that hard. It’s relatively common knowledge that you can get a deduction on your taxes for the interest you pay on your…
February 7, 2017
home buying tips featured image

Home Buying Tips That Will Motivate You

It’s a great time – you have realized that buying a home is in your future. That decision has many components to it, such as the budgeting and the saving and the applying for a mortgage. All these parts are necessary, but not really that fun. House hunting, however…that can…
January 27, 2017

How Can I Raise My Credit Score? (INFOGRAPHIC)

Because there is no quick way to fix your credit score, rebuilding your credit will take time, patience, and discipline. But it can be done. When you ask yourself, “How can I raise my credit score?, remember these easy tips: Pay all your bills and debts on time. Set up…
January 17, 2017
condo interior featured image

The Basics of Buying a Condo

Are You Going Condo Shopping? If buying a property is on your list of goals, have you thought about buying a condo? With little maintenance and in-house amenities, a condo can be the right solution between renting and buying a larger home. But do you know what is involved in…
January 10, 2017
resized ri housing waterplace park

RI Housing: No More Income Limits

Looking for a Home? Check Out the RI Housing Program Offered by Shamrock Financial When buying a home, especially your first one, you need to know exactly what is involved. Rhode Island Housing and Shamrock Financial are there to help you along the way. Let’s take a more in-depth look…
December 29, 2016
featured image fha loan limits

Changes to FHA Loan Limits – January 2017

Consider an FHA Mortgage You have decided to buy a home and that’s great! While the decision itself may be exciting, doing all of that required administrative work – locating pay stubs, collecting bank account details, assembling debt details – is not.  Then comes the issue of decision making: What…
December 1, 2016

About the Credit Score Needed for a Mortgage

So You Wanna Get a Mortgage When buying a house is on your horizon, at some point along the way you will need to take a look at your finances. If you are like many Americans, you may take a second look at the credit score needed for a mortgage.…
September 30, 2014

Say Goodbye to the Fannie Mae Homepath Mortgage

It’s unfortunate when they happen, but they do happen: home foreclosures. And given the increasing costs of purchasing and running homes with the relatively stagnant incomes, it’s no wonder that foreclosures have become more common in recent years. When a foreclosure happens on a mortgage where the Federal National Mortgage…
September 25, 2014

Home Security Tips and Tricks for the Home Buyer

When purchasing a home, there are a few obvious features that most buyers put on their must-have list: en suite bathrooms, a finished basement, or open concept living room. But for others, safety both in the home and in relation to the neighborhood is of equal concern to house features.…
September 22, 2014

USDA Launches Changes to USDA Loan Property Eligibility Maps

Update: As of October 1 2014, the USDA is increasing their annual fee for both home purchase and refinancing loans from 0.4% to 0.5%. However, the upfront guarantee fee for the home loan, currently set at 2%, will remain as is. If you currently have a USDA loan in process,…
September 9, 2014
rent or buy

To Rent or Buy? There’s More Than Meets the Eye

When debating between renting or buying a home, the first thought people have is their financial situation. Specifically, when buying, you will own a piece of property or at least have built up a substantial amount of equity. While it is a significant factor, there’s more to the rent-versus-buy debate…
August 27, 2014

Super List of Moving Tips and Tricks

Planning Ahead when it Comes Time to Move Whether you are planning on moving soon — or helping someone else move, we’re sharing with you moving tips and tricks for eliminating the stress on moving day. Plan Ahead – You probably know that you are going to move at least 30…
August 20, 2014

Upcoming FICO® Changes and What They Mean For You

Everyone has heard of FICO® scores – lenders use these numbers when determining if they should extend credit to clients, how much they can borrow, the interest rate they should get on their loan, and other applicable terms. However, a new model, called FICO® 9 is coming this autumn. It will…
August 7, 2014

When Eyeing a New Construction Home, Ask Questions!

For many of us, the thought of buying a new home is very appealing – not only is it yours, but it has always been yours. You can select your own floor plan, your own layout, your own personal touches right from the very start. It can be very rewarding.…
August 5, 2014

Easy Mistakes for First Time Home Buyers to Make

The details involved when buying a home can be astounding – and even more so when you are buying your very first home. According to the National Association of REALTORS®, the rate of home ownership fell to 64.8% in the second quarter of 2014 – the lowest rate in over…
July 31, 2014

Six Housing Trends for 2014

Whether it is fashion, music, or vacation destination, every year sees current trends fade away while new ones emerge that set the tone for the subsequent months. Housing, of course, is no exception. What are the current housing trends for 2014? Based on the first quarter of the AIA’s home…
July 22, 2014

Why Should You Get Flood Insurance?

Flood insurance isn’t the first thing you think of when you buy a home, particularly when you live far away from either coast. But it doesn’t take a major storm or hurricane to experience flood damage – even a few inches of rain in a freak storm can soak your…
July 17, 2014

Top Reasons to Walk Away from a Real Estate Listing

As a real estate agent, your job is two-fold: find people who want to sell their homes, and find people who want to buy homes. Though it sounds simple, these two objectives require lots of effort. However, not all clients are created equal. In a client-facing business, you will encounter…
July 15, 2014

What’s “Cool” in Real Estate Marketing?

To be a successful real estate agent, you need to close on properties. But the phrase “always be closing” isn’t the only pathway to or an indicator of success. In fact, it is the entire process of real estate marketing – not just signing on the dotted line so to…
July 10, 2014

Owning a Rental Home – Is It Really Income Without the Work?

Many folks buy a home as their primary residence. However, there are others who purchase a secondary home as a rental unit. The rent can be used towards paying off the mortgage and property tax while acquiring another large financial asset. Not only will it appreciate in value over time,…
June 17, 2014

Top Items on a Future Home Buyer’s Wish List

Granite counter tops? His-‘n-her sinks? Large backyard? Mud room? All the above? Do you know what items top a future home buyer’s wish list? Although every home buyer is different, according to a current survey by the National Association of REALTORS©, there are certain items that are in high demand from…
June 12, 2014

National Home Ownership Month: 35 Ways to Generate Leads

June is National Home Ownership Month and this blog is our gift to you-the real estate and mortgage professionals that help people achieve the dream of home ownership every day. We like to think that your marketing and lead generation strategies should be a lot like an octopus-multiple arms! Rather…
June 12, 2015

How to Pay for College without a Home Equity Loan

Education may be the key to a secure future for your children, but you need to pay for that future upfront. Using some of your home’s equity to subsidize costs was one common way to help your children with post-secondary education costs, but given the drop in home property values,…
May 28, 2015

Lead Based Paint Disclosure and What It Means to You

About Lead Based Paint One quick and easy way to create the right mood in your home or to freshen it up is by adding a fresh coat of paint. But did you know that about 75% of the properties built before 1978 – that’s around 64 million apartments and…
May 26, 2015

Eco Friendly Products to Green Your Home

Whether it is adding quartz counter tops, refinishing wood floors, or painting walls, renovating your home has multiple benefits: it increases its value, minimizes wear and tear, and of course, makes it more beautiful. And by incorporating eco friendly products into your renovations, you can help the environment and your…
April 14, 2015

Reasons to Maintain a High Credit Score after Buying a Home

You probably already know how important it is to have a high credit score when buying a home. But keeping that credit score high is just as important, because it can impact the price you pay for things that you may not be aware of. Refinancing Your Home: If interest…
April 9, 2015

Mystery Solved: How to Raise Your Credit Score

There are many reasons why you need credit – to buy a car, to purchase a home, or to fund larger purchases when you do not have the cash on hand immediately. However, lenders will only agree to extend credit to you if you are deemed to be creditworthy. Creditworthiness…
March 3, 2015

How Home Security Upgrades Add Value to Your Home

Introduction Buying a home requires a huge financial outlay, so it’s no wonder that buyers are trying to find the best deal that they can. If you are considering selling your home, then knowing a home’s worth is of particular importance. Real estate agents and home appraisers consider many factors…
February 19, 2015

Begin with a Wow! How to Make a Grand Entrance to Your Home

The first time guests exit their car and walk towards your home, what will they see? Will they notice an overgrown lawn and plants haphazardly placed? Will they realize that a porch light is burnt out and that there is rust on the front railings? If these are true friends…
February 17, 2015

5 Ways You Can Remove Charge Offs from Your Credit Report

In today’s hectic lifestyle, it’s easy to forget to complete some ordinary tasks – and one of those may be paying your bills. You may think that forgetting one bill or two is insignificant in the grand scale of things – but think again. Forgetting about paying one bill can…
February 12, 2015

7 Unusual Influences on House Prices

The time has come for you to sell your home. You repair the roof, deep clean the carpets, and update the color of the bathroom. Not only does it look good, but you know these changes will help you get top dollar for your home…right? To an extent, yes. Making…
February 10, 2015

Six Steps to Simplify Your Long Distance House Hunting

Moving to a new city is an exciting time, but it is full of decisions, and one of those is where you are going to live. How do you know the best place to buy a home when you do not know the area? While long distance house hunting has…
December 4, 2014
real estate terms

Real Estate Terms Most Clients Don’t Understand

Let’s face it, both the real estate and mortgage industries speak in “foreign tongues” (as far as the consumer is concerned anyways). Real estate terms can create a lot of confusion and miscommunication, and sometimes event result in closings that never happen. I’m listing some of the real estate terms…
November 25, 2014

Get Outta Town! Why Use Relocation Services When Moving to a New City

Whether it is for work, for school, or simply for a fresh start, moving to a new city can be an exciting time. But when you don’t know the city, people, community, or even where you can buy milk, relocating can also be a stressful time. Luckily, there are ways…
February 7, 2014

The Secrets to Settling Credit Collections and Charge-Offs

Let’s Face It –  Collections and Charge-Offs Negatively Affect Your Credit Scores. So, What Can You Do About It? Most companies that have “charged-off” your debt have probably tried to collect it for 6 -12 months already before charging it off. Charge-offs can stay on your credit report for seven…
January 30, 2014

Four Often Overlooked Features That Really Help Sell Houses

Guest Blog Post by Isabella Putting your house up on the market is rather exciting. It means that you’ll soon be able to purchase the family home of your dreams, or you’ll get to retire to that most desirable environment. However, before you can venture on these journeys, your current…
January 28, 2014

Three Advantages to Selling Your Home This Winter

Slushy walkways, dirt-stained snow, freezing temperatures, and severe winds – these are the painful signs that winter has arrived for a good long while. Many people wouldn’t even think of putting their house on the market during this time, figuring that selling would be a difficult endeavor. However, that isn’t…