If you want to keep an eye on what's happening with real estate, check out my blog posts. The Home Insurance Move That Could Save You $440 a Year When was the last time you shopped around for home insurance? Because that one move could save you hundreds of dollars a year. With home insurance taking up a bigger chunk of monthly housing costs, that's an opportunity worth looking into. And the numbers are pretty eye-opening. According to Intercontinental Exchange, homeowners who switched insurance companies saved an average of $440 a year. Their premiums dropped 6.6%, while homeowners who stayed with their existing provider saw costs climb 10.4%. That's a big difference just for shopping around. And here's more good news: Home insurance costs are still rising, but the pace of those increases is finally slowing down. So, what does this mean if you're buying a home? Don't assume the first insurance quote you get is the best one. Comparing providers could help you keep your monthly payment more manageable. And if you're open to new construction, there's another potential advantage. Newly built homes typically cost 10–15% less to insure than older ones, according to John Burns Research and Consulting. Want help finding ways to make your next move more affordable? Send me a message. Let's talk. #HomeInsurance #HomebuyingTips Michael Mahoney Realtor 617-615-9435 mike@mmahoney.com www.HomesinBostonMass.com

op quiz! 🤓 What credit score do you need to buy a home? 🏠🎯 If your answer was B) 660 or C) 700 … you’re not alone! 🤔 A lot of people believe you need "perfect" or “near perfect” credit to make a move in the Boston area. 📈🚫 But the truth is, you probably don’t need as high a credit score as you think! 🙌✨ Even though a Veterans United survey shows 57% of would-be buyers think you need at least a 660, the long-standing benchmark for Fannie Mae and Freddie Mac loans is 620—and even that isn’t a hard rule for every loan! 📉💡 So the real answer? Both A) 620 and D) “it depends” are right! 🎯🙋‍♂️ Between different loan programs (like FHA, VA, and conventional) and all the changes to credit models lately, even more Bostonians will be able to buy than before! 🔑🥳 🏡 Don’t let myths keep you locked into a lease or sitting on the sidelines. Let’s connect and find out where you actually stand! 👇 📲 Call/DM me today to talk about your homeownership goals! Let's get you moving. 🤝💼 #CreditScore #HomeBuyingTips #BostonRealEstate #BostonRealtor #BostonRealEstateAgent #MArealestate #BostonHomes #MovingToBoston #BostonBroker #RealtorLife #BostonLiving #NewEnglandRealEstate #HomebuyerEducation #MortgageBroker #BostonMortgage #MortgageLending #MortgageRates #HomeLoan #BostonLender #FirstTimeHomeBuyer #CreditTips #FinancialGoals #CreditScoreTips #MortgageLife #MortgageBrokerMA #GetPreApproved #FannieMae #FreddieMac #MassachusettsRealEstate

Check out this blog #HomeInsurance #HomebuyingTips #KeepingCurrentMatters Always see more @ http://www.RealtorMikeMahoney.com

Check out this blog #CreditScore #HomebuyingTips #KeepingCurrentMatters Always see more @ http://www.RealtorMikeMahoney.com

My girl. Telling me about all the ghosts and ghouls on her turf last night disturbing her couch time

Pop quiz for Greater Boston buyers: What minimum credit score do you actually need to buy a home? 🏠👇 A) 620 B) 660 C) 700 D) It depends Drop your guess in the comments before reading further! ⬇️ . . . If you guessed B or C, you aren't alone. A recent Veterans United survey revealed that 57% of would-be buyers believe you need at least a 660 or near-perfect credit to qualify. The truth? Both A (620) and D ("It depends") are correct. 🎯 For standard Fannie Mae and Freddie Mac conventional loans, the baseline benchmark is 620—not 700. And with loan programs like FHA or VA (plus recent updates to credit qualification models), qualifying scores can sometimes be even lower. Don't let credit score myths keep you trapped in a lease or sitting on the sidelines of the Boston market. Curious where you stand or want to see what you could qualify for today? Send me a direct message or check out your options here: RealtorMikeMahoney.com #BostonRealEstate #GreaterBoston

If you want to keep an eye on what's happening with real estate, check out my blog posts. Credit Scoring Is Changing: 3 Things Homebuyers Should Know Think you need a 700 credit score to buy a home? You might be surprised by how wrong that number is. And if you've been putting off buying because of your credit, this could change everything. According to a recent Veterans United survey, 57% of prospective buyers think they need a credit score of at least 660 to qualify for a mortgage. And 34% believe they need 700 or higher. But here's what many people don't realize. The traditional benchmark for many conventional loans has been 620. And with recent changes to mortgage credit scoring, even that isn't a hard-and-fast requirement for every loan. Plus, lenders are beginning to adopt newer credit scoring models that could help millions more Americans get evaluated for a mortgage. So, the number you see on your credit monitoring app may not tell the whole story about your ability to buy a home. Does that mean everyone can qualify? Of course not. But it does mean you shouldn't count yourself out before talking to a professional. Curious where you actually stand? Send me a message, and let's connect you with a lender who can help you find out. #CreditScore #HomebuyingTips Michael Mahoney Realtor 617-615-9435 mike@mmahoney.com www.HomesinBostonMass.com