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Mortgages & Home Loans - Guaranteed Rate

Local Mortgage Experts | Low Rates |Fast Process | Exceptional Service | Experienced Brokers

As a residential mortgages industry leader, Guaranteed Rate has established a reputation as one of the country’s most trusted mortgage lenders specializing in home loans and providing the convenience of working with experienced loan officers in local markets, such as Newburyport. Guaranteed Rate has set the standard for exceptional customer satisfaction with the use of innovative technology and a streamlined simplistic application and approval process. The local Newburyport branch has a proven track record of providing excellent service for many customers throughout the Massachusetts North Shore, Southern NH Seacoast and Southern ME region.

In addition to providing highly responsive customer care, Guaranteed Rate is able to service a broad scope of customer mortgage needs due to their extensive portfolio of home loan products including Purchase Loans and Refinance as well as specialized products such as:  VA Loans, FHA Loans, Interest Only Loans, Construction Loans, Jumbo Loans, and many more.  With this robust selection of lending products, Guaranteed Rate has a solution for each of their customer’s individual needs.

Guaranteed Rate has been able to achieve exceptional customer satisfaction results for their mortgage customers due to the fact that they very closely manage the loan process ensuring that all of the many important steps have been accurately completed. The lending process can be complex but the team at Guaranteed Rate has many years of experience handling the details and simplifying the mortgage experience for their customers. Guaranteed Rate keeps the process in house: underwriting, processing & direct funding, enabling themselves to control the many steps of mortgages, thus ensuring happy customers.

If you prefer to focus on your new dream home or how you might utilize the savings from your refinanced loan, then we highly recommend a call to Liz Ryan.  Let the mortgage experts at Guaranteed Rate do the heavy lifting.  With their exceptional customer care, broad product portfolio and strong industry experience, Guaranteed Rate is the Best of Newburyport Residential Mortgage Company.

By Liz Ryan , Newburyport.com Correspondent
Branch Manager for the Newburyport Guaranteed Rate regional office since 2018, Liz Ryan is a top producing Senior Loan Officer with extensive experience in the mortgage industry since 2005 and a prior background in real estate. Born in Sweden and raised with a “can do” attitude and great work ethic, Liz was recognized as a Guaranteed Rate Chairman’s Circle member in 2020 and 2021 and has served as a strong mentor for the rapidly growing Newburyport office, supporting customers in MA, NH and ME. Liz is highly respected by her local finance industry peers and greatly appreciated by her extensive following of loyal customers. Her passion for serving clients is apparent. Liz enjoys working with customers from all walks of life with a broad range of financial needs. Whether they are purchasing their first home, a vacation home, an investment property; or they need assistance with a refinance or a more specialized loan product such as a VA Loan, Liz always excited to help. Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.

Refinance Your Mortgage…Factors to Consider with a Refi

Refinance, Refi, Newburyport, Guaranteed Rate

Refinance your mortgage? When considering a refi, you’ll want to take stock of your particular situation—not just the interest rate environment.

Refi considerations: Clearing debt, moving and break-even point

In preparation for a refinance, you’ll want to gather a clear picture of your financial goals as well as your expectations for how long you intend to live in your home. For example, is it financially prudent to obtain a new 30-year refinance mortgage and further extend interest payments deep into the future? What about your desire to own the property outright? 15-year mortgage refi rates could speed up your path to paying off your loan. Have you established a time horizon for paying off the interest + principal and clearing away all mortgage debt?

Also, think about how long you intend to live in your home before selling the property. Two years? Five years? Ten years? Given the required closing costs and other associated fees that are frequently folded into your monthly mortgage payments, you may be on the hook for higher monthly payments during the first couple years of your refinance. In other words, despite the appeal of a low interest rate, if your break-even point does not occur in the period before you sell your home, you will be denied an opportunity to recoup any savings.

Make sure you have access to an industry-leading tool like the Guaranteed Rate refinance calculator to help you decide if refinancing your home makes sound financial sense.

Other refinance aspects to consider

Besides mortgage rates, there are charges and fees that must be considered when determining the costs of a refinance.

Closing costs

Closing costs are unavoidable, even for refinances. Most experts agree that borrowers should expect to pay about 2-5% of the remaining principal in closing costs.

Some lenders may allow borrowers to pay these costs during closing, but it’s more typical to have these charges rolled into your monthly payments and reflected in your APR. According to recent reports, the average closing costs for a refinance is over $4,300.

The term “closing costs” refers to a number of fees that are part of the mortgage process. Typically, they include some or all of the following:

  • Mortgage application fee,   Appraisal fee,  Loan recording fees,   Attorney and closing fees
  • Loan origination fee,   Survey fee,   Discount points,   Title fees

If you need assistance refinancing your mortgage or are considering any type of home loan products, contact the local Guaranteed Rate office and they will help guide you through the process. Liz Ryan NMLS ID: 441907 – NMLS ID #2611 (For licensing information, go to www.nmlsconsumeraccess.org) Equal Housing Lender. Conditions may apply.

 

Newburyport Family Law Practice with a Team of Experienced Divorce Lawyers

Rebuild A Strong Stable Future

The divorce lawyers from Newburyport Family Law Practice, Turco Legal are a highly experienced team of top divorce attorneys committed to helping guide clients to a brighter future. The team approach is a important element of the Turco Legal approach that has been found to be highly beneficial for clients. The combined effort of multiple divorce lawyers versus just one can certainly be more efficient and can also result in more thoughtful solutions developed from a broader scope of collaborative knowledge and experience.

Working with an experienced Newburyport Divorce Attorney and Family Law Practice is the key to building a strong stable future for yourself and your family. Divorce is one of the most significant emotional and financial decisions you will make in your lifetime. You don’t need a new best friend. You need a trusted and experienced adviser who can help you make informed decisions.

It is critical to choose a family law practice with an experienced divorce lawyer who can assist clients with the many complex decisions that must be considered throughout the divorce process. Many of these decisions will have long-term implications, so make sure you understand the ramifications of your decisions.  It is critical to work with a Newburyport Divorce Attorney and Family Law Practice with tremendous experience helping families navigate these stressful times.  Damian Turco of Turco Legal has seen every scenario imaginable, giving him the knowledge to advise his clients regarding the many complex issues associated with divorce. He is a good listener and asks critical questions to help his clients make decisions that will enable them to move their lives in a positive direction.

Every situation is unique and knowledge of divorce law trends and legal precedence from other cases can be critical knowledge that is more efficiently gathered and analyzed by a team of divorce lawyers. With the many complex legal issues, it is essential to develop a strategy for addressing key issues.

  • How will you determine an appropriate and fair amount of child support
  • Duration of time child support should be paid and what it should cover
  • Health insurance and other uninsured health care costs
  • What other expenses can a court order paid
  • What if your child has scholastic or medical needs that exceed approved support
  • Tax dependency exemption
  • Alimony guidelines and timelines
  • Fair and reasonable property division

If your looking for a top Newburyport Divorce Attorney and Family Law Practice give a call to Turco Legal and let Damian and his team help give you peace of mind and guide you to a brighter future.

By Damian Turco , Newburyport.Com Correspondent
Founder & Principal Attorney of Turco Legal, Attorney Turco is highly regarded as an expert in the areas of divorce and family law. He has represented hundreds of clients through divorces, modifications, contempt matters, and other family law matters from beginning to end. He sits on multiple committees for the Mass Bar Association, has been recognized by Massachusetts Lawyers Weekly as one of the state’s upcoming top 25 lawyers of 2015. Attorney Turco’s donates considerable time to help within the community. He serves on the board of LARC, a legal non-profit that helps thousands of lower income folks get desperately needed legal help. He also volunteers his time monthly delivering legal assistance at homeless shelters, day shelters, and soup kitchen’s in Boston, Lowell, Lawrence, and Salem.

Trends in Massachusetts Divorce Law: Equality and Structure

Turco Legal, Divorce Law Trends, Newburyport MA

Divorce law trends are moving in a direction of equality and structure. Divorce may seem like a modern issue.  That is, it sometimes seems like one of those problems with society that’s far worse now than it used to be.  Perhaps that’s because it’s the type of thing that nobody seems to discuss until it’s happening to them, especially not in a tight community like Newburyport.  Or maybe because it is consistently ranked as one of the greatest challenges one may face in his or her lifetime.  Who wants to talk about that?

Actually, despite it not being talked about much, it’s been an important and impactful part of society since shortly after the existence of marriage.  Its prevalence has fluctuated over the thousands of years of recorded history and the trend has largely followed the influence of religion on government and society generally.

While there is disparity around the world as to the popularity of divorce, it is clear that in Massachusetts, like most states, the law is trending from what we would consider traditional to a system of equality and structure.  Here’s how the main issues in divorce are treated in Massachusetts and are trending nationally today.

“Child custody” is still the terminology used in Massachusetts, but many states have done away with it, instead opting for more neutral terms such as “time sharing”, reflecting a growing national view of co-parenting that makes it a point to not characterize children as property or either parent as the “primary” one.  While most divorces with children still result in one parent having about a third of the time and the other having two thirds, there are more judgments granting equal time between parents than ever.  Family Law Judges in Massachusetts continue to have broad discretion in fashioning parenting schedules, so putting the relevant facts about ones case into evidence is just as critical as ever.

Child support is treated as a statutory calculation, considering the income of the parties, the parenting schedule, employment-related child care, and health insurance in nearly every state.  While there is not much movement nationally on this issue, every state periodically adjusts the guidelines figures, so the amount set for child support tends to go up over time.

Alimony is perhaps the most inconsistently treated issue across the country, recently having been overhauled in Massachusetts in 2011.  While some states have actually done away with permanent alimony altogether, Massachusetts has added more structure and limitation into the law.  Permanent alimony is now generally only available in Massachusetts when the marriage lasted over 20 years, with shorter term types of alimony are more tailored to the situation.  Generally, the longer you’ve been married, the longer the alimony is likely available, if available at all.

Property division is unique in Massachusetts, with judges having more discretion than in most other states.  That’s because in Massachusetts all property is part of the marital estate subject to division by the court including premarital property, gifts, and inheritances.  Many states carve these types of assets out of the marital estate, but in Massachusetts we give judge’s more authority to determine an equitable or fair result.

Massachusetts divorce law is quite sophisticated.  We live in a community of highly intelligent, hardworking, family-focused individuals who for many can’t avoid the realty of the breakdown of a marriage.  There will always be an element of loss associated with divorce and that comes with a grieving period.  But, when properly educated on divorce law and with the right counsel and support, more parties can and do move on to a better life.  So, if you’re facing divorce and living in our community, don’t be afraid of the issues.  While you may not want to discuss it over drinks at your favorite local restaurant or while the kids circle you at the candy shop, there are plenty of Newburyport divorce lawyers, including me, who will help you through the process.

 

Greater Seacoast Community Bank

Journey Well with Newburyport Bank

Life is full of different adventures, from starting a family, buying a home, to embarking on a business dream. Whatever journey you’re on, it helps to have the support of Newburyport Bank, a mutual savings bank headquartered in Newburyport, Massachusetts. The community bank has 11 locations in Massachusetts and New Hampshire and over $1.2 billion in assets.

This strong, independent community partner is committed to helping you journey well. Since 1854, the local bank has served as a financial guide for the people and businesses of the Greater Seacoast, offering a complete range of personal and business products and services, as well as advanced technologies in online and mobile banking.

Newburyport Bank is actively involved in the betterment of the communities they serve, and are well positioned to help you navigate what’s ahead, support you during challenges, and help find solutions that serve you well today and in your future.

The bank has invested in state-of-the-art facilities to support the “Universal Banker Model,” which helps you connect to a banker quickly and all but eliminates traditional teller lines. Highly skilled bankers are prepared to handle your needs from simple to complex.

Committed to providing specialized services to meet the needs of its diverse customer base, Newburyport Bank offers Private Client Group, which assists high-net-worth individuals in their banking needs. In addition, the bank offers products and services designed for government entities, nonprofit organizations, veteran-owned businesses, medical professionals and more.

A big supporter of philanthropy, the bank founded the Newburyport Bank Charitable Foundation in 2003 to carry out its mission of helping neighbors and businesses navigate life’s journey well. Supported solely by Newburyport Bank, the Foundation provides grants to nonprofit organizations located in the greater Newburyport and New Hampshire Seacoast areas. Since the Foundation’s inception, the bank has contributed over $4 million and the Foundation has made awards of more than $3 million.

As a premier employer in Massachusetts and Southern New Hampshire Seacoast, the bank is dedicated to developing talented, committed and passionate employees who provide attentive service and give back to community through numerous volunteer efforts.

Deposits at Newburyport Bank are federally insured by the Federal Deposit Insurance Corporation (FDIC), with excess insurance provided by the Depositors Insurance Fund (DIF).

Newburyport Bank
By Bill Palm , Newburyport.Com Correspondent VP, Senior Residential Loan Officer NMLS# 33986, Direct Phone (978) 462-1500
I’ve been helping people buy homes in the greater Newburyport area for almost 25 years. It’s rewarding to use Newburyport Bank’s competitive loan programs and rates to find the perfect loan product for each client. My specialty is construction/renovation lending and finding creative solutions for my clients. I’m a graduate of Salem State University, where I studied finance. In my free time, I boat, ski, watch the Bruins and Patriots, and spend time with my family.

A Bridge Loan Makes the Path to Your New Home Easier Than You Think

Bridge Loan from Newburyport Bank

Every day, countless people in our community purchase homes without knowing the financing programs available, including the bridge loan. Some are buying their very first, while others are closing on their dream retirement property. When you embark on the journey of buying a new home, there are important things you should know so you can do it well.

First off, everyone has different preferences, from the furniture you buy to the location you choose. You want everything to be perfect. Another area that should fit you just right is the financing. (So many decisions to make!) Be sure you know all your financing options including how a bridge loan works.

Often a certain loan can help you land the home you want—when you want it—without any type of contingency in place. For instance, Newburyport Bank offers something called a bridge loan for home purchase (aka contingency buster). As a lender who serves this community (including many friends, families and neighbors), I’m always reminding my clients that the journey to your new home doesn’t need a contingency.

What is a bridge loan?

Our bridge loan program allows a potential home buyer to use the equity in their current home as down payment toward the new home, without it being sold first. Since Newburyport Bank is a community bank, we’re really focused on serving the needs of homeowners who live right here in our communities. And a bridge loan has proven to be extremely useful.

Bridge loan financing is a transitory loan (meaning it’s temporary) that eliminates the need to present an offer on a new home with a contingency to sell your current house. Think of it as a bridge gap loan or short-term loan. It creates so many possibilities for homeowners who want to buy a home without the worry of having to sell their current house first.

Since our bridge loan eliminates the need to present an offer with a contingency to sell a current home, you have a better chance of getting your offer accepted—and the appropriate financing to support your new adventure.

With bridge loan financing, you:

  • Can present an offer without a contingency to sell current home
  • Can use the equity in your current home as down payment toward your new home, without it first being sold
  • Can qualify for a higher purchase price on the new home since no payment on the current home is used in qualifying; only the proposed new home payment is used in qualifying
  • Can avoid maxing out a mortgage on a current home by taking out a HELOC to purchase a new home
  • Can get a free recalculation of the principal and interest payment on the new home mortgage if you choose to use the additional equity realized from the sale of the old home to lower the payment; this removes the need and expense of refinancing

Buying a new home is like going on an exciting adventure! You don’t want anything to get in the way of achieving your homeownership dreams. As a lender who loves to support and guide people on this exciting journey, I don’t want anything to get in the way of your dreams, either.

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Financial Planning Means Peace of Mind

Guidance On Investments & Budgeting

Is financial planning something you do on your own, or do you have someone you can trust to manage your investments and provide financial guidance?  Do you have a plan, and if so, do you adhere to it?  Do you know if your investments are optimized?

Most people agree that they should have an investment strategy and that it should be reviewed and updated periodically.  Yet many people do not.  It is important to prioritize financial planning and even more important to put that responsibility in the hands of a trusted financial adviser.

Blanchette Financial Group is a company you can trust, whether you have a simple statement question or you need guidance on more complex financial matter.  Steve can assist with managing investments, and planning for the future whether that be a 529 plan or assessing long-term care options for an aging parent.  Take financial planning off of the to-do-list and schedule a meeting to review your specific needs.

 

___________________________________________________________

A Message from our VIP Expert, Blanchette Financial Group 978.462.9500

Securities and advisory services offered through Commonwealth Financial Network, Member www.FINRA.org/www.SIPC.org, a Registered Investment Adviser.

This communication is strictly intended for individuals residing in the states of CA, CO, CT, FL, GA, IN, MA, MD, ME, MT, NC, NH, NJ, NY, PA, SC, SD, TX, VA, VT.

No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services.

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Blanchette Financial Group, Newburyport MA

Contact

Blanchette Financial Group
21 Pleasant Street • Suite 228
Newburyport, MA 01950-2623
978.462.9500
Steve@BlanchetteFG.com

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Accounting & Taxes for Personal & Business

Sound Tax Strategy Means Financial Peace of Mind

Strategy for accounting & taxes is critical.  Is your accountant a valued partner you can trust to guide you with key tax decisions?  All CPA’s, process returns but great CPA’s can enlighten you on various tax options and the advantages and disadvantages associated with your decisions.  Michael Capo, CPA, P.C and his team have extensive experience with both personal and business accounting and taxes.

On the personal side there are many decisions we can make that will provide tax benefit.  Are you utilizing all of the deductions available to you?  Are you tracking personal expenses with a program such as QuickBooks?  In addition to providing valuable budgeting information, these programs can make tax preparation far more simplistic enabling you to quickly pull a report to calculate deductible expenses such as home office, daycare, charitable contributions and so much more.  Do you need help learning to utilize these sorts of tools?  The Michael Capo team has extensive experience and can provide training assistance.

Do you own a business?  Is your business incorporated?  Are you aware of the tax ramifications of an S Corp versus and LLC?  Do you need assistance managing payroll taxes or preparing estimates for your quarterly return?  Michael Capo and team have extensive experience working with businesses and helping to ensure that they are using the most productive processes to manage invoicing and payroll, 401K decisions etc.  It is critical to have sound tax processes in place from the start in order for your business to scale efficiently.

Whether your tax needs are personal, business or both we highly recommend you consider the Best of Newburyport tax Experts at Michael Capo, CPA, PC.

Michael Capo, CPA, P.C.
By Michael Capo , Newburyport.Com Correspondent
President of Michael Capo CPA, P.C. Mike has over 25 years of accounting and finance experience in corporate, individual, independent and government environments. Mike's extensive knowledge is invaluable to his clients and allows him to provide a consultative approach personalized to each of his business and personal tax clients.

Avoid Tax Scams With Awareness Of IRS Process

Tax Scams, Newburyport MA, Michael Capo, CPA

Protect yourself, your family, and close friends against common tax scams.  Take the time to understand key facts that can help you know if you are being legitimately contacted by the IRS, or if you are being approached as part of a common tax scam.  Please read the links below and if you have any questions, feel to free to call the office of Michael Capo to discuss at 978-499-4300.

The IRS will not call you as initial contact for a tax matter.  You will always receive a letter from the IRS if you have a tax issue.  This is a confirmed tax scam.  Do not give them banking or credit card information over the phone.

https://www.irs.gov/uac/newsroom/irs-repeats-warning-about-phone-scams

CP2000 email / Affordable Care Act
The IRS will not email you any tax related notices.  The CP2000 notice can be a valid IRS document however it will come via USPS not email. If you believe that you have an issue with the Affordable Care Act, call the IRS directly at 800-829-1040.

http://www.accountingtoday.com/news/tax-practice/irs-warns-about-fake-tax-notice-scam-79334-1.html

We proactively share information with clients regarding many important tax related topics.  Highlighting tax scams is just one example.  We strive to provide awareness of tax related issues as well as impacts/ramifications of key tax related decisions.  We work to ensure that our customers are armed with information necessary to make informed decisions related to their specific circumstances.

We pride ourselves on  providing top notch accounting services for both individuals and businesses and we offer a broad scope of services.  We assist many clients with a basic personal returns, and for other clients we are managing important tax related elements of their business such as invoicing, payroll taxes, preparation of 1099’s as well as training on accounting tools such as QuickBooks.  Call to schedule an appointment as we welcome the opportunity to assist you with your tax and accounting needs.

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