Allston Mortgage Rates and Information Online from competing Lenders

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Business Digest - Providence Journal
FM Global to increase work force FM Global, the property insurer based in Johnston, plans to increase its information-technology work force by 6 percent by year’s end. It plans to hire 26 information-technology professionals and a dozen paid ...

Allston, Brighton see rent surges - Daily Free Press
Students searching for off-campus Allston apartments next year will need to dig deeper into their pockets thanks to a combination of factors. Since 2007, rent prices in the heavily student-populated areas of Allston and Brighton increased by 7.7 ...

Rent prices on the rise - Boston Globe
Rising rents in the Boston area are forcing families to spend a higher portion of their income on housing costs, according to the Boston Foundation’s Housing Report Card, which was released yesterday. Globe reporter Kimberly Blanton writes about ...

Pike board approves toll hike - Boston Globe
The Massachusetts Turnpike Authority board voted 4-1 today in favor of an unprecedented toll increase, approving a 75 cent hike at the Weston and Allston-Brighton tollbooths and a $3.50 surge at the Sumner and Ted Williams tunnels. The plan would ...

At the Library (Oct. 31) - Abington Mariner
Young children are welcome to celebrate autumn with children’s musician Judy Pancoast on Friday, Nov. 7, 10:30 a.m., at the Brighton Branch Library. In Judy’s Tune Room, children will dance and sing to interactive music. Free. For more ...

Today's Mortgage Terms starting with D

Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.

Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.

Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.

Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.

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