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 2 home equity loan specialists in South Boston, 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.
Julian Hernandez at Fairway Independent Mortgage Corporation
380 W Broadway Unit 101, South Boston, MA 02127
(617) 257-3887
fairwayindependentmc.com
Fairway Home Mortgage
470 W Broadway, South Boston, MA 02127
(617) 456-1700
fairwayindependentmc.com
What Does a Home Equity Loan Specialist in South Boston Cost?
Typical costs for a home equity loan specialist in Massachusetts include an origination fee of 1 to 2 percent of the loan amount and appraisal fees ranging from 300 to 600 dollars. Closing costs often total 2 to 5 percent of the loan value. These costs vary by lender and loan size. 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 is a home equity loan specialist in South Boston?
A home equity loan specialist is a professional who helps you apply for a loan using your home equity as collateral. They understand Massachusetts lending laws and can explain how local property values affect your loan amount.
What are the requirements for a home equity loan in Massachusetts?
You typically need at least 20 percent equity in your home a good credit score and stable income. Massachusetts law also requires lenders to provide a Truth in Lending disclosure within three business days of your application.
How long does it take to get a home equity loan in South Boston?
The process usually takes 30 to 45 days from application to closing. This timeline includes property appraisal underwriting and the mandatory three day rescission period under federal law.