Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Massachusetts before hiring.
Showing 5 home equity loan specialists in Needham, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Pauline Lee | Mortgage Broker IND Mortgage LLC | Realtor
117 Kendrick St, Needham, MA 02494
(617) 965-1988
indmortgage.com
Boston Mortgage Solutions, LLC
41 Shirley Rd, Needham, MA 02494
(781) 453-2900
bostonmortgagesolutions.com
First Equity Associates Inc
56 Kearney Rd # 3, Needham, MA 02494
(781) 449-3202
firstequityassociates.com
What Does a Home Equity Loan Specialist in Needham Cost?
Typical costs for a home equity loan specialist in Massachusetts include an origination fee of 1 to 2 percent of the loan amount. Appraisal fees range from 300 to 600 dollars. Closing costs often total between 500 and 1500 dollars. Some lenders charge an annual fee of 50 to 100 dollars for a home equity line of credit. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a home equity loan specialist in Needham do?
A specialist helps you understand your borrowing options based on your propertys value and your financial situation. They explain the difference between a lump sum home equity loan and a home equity line of credit. They also assist with paperwork and coordinate with local lenders in Needham.
What are Massachusetts rules for home equity loans?
Massachusetts law requires a 3 business day right of rescission after signing for most home equity loans. The maximum loan amount is generally 80 percent of the propertys appraised value. Lenders must also provide a Truth in Lending disclosure showing the annual percentage rate and total finance charges.