GoldCoast Mortgage Service, Inc.

01/03/2025

In February of 2025 you'll be able to build an Accessory Dwelling Unit (ADU) on your property BY RIGHT in Massachusetts in all 350 Cities and Towns (excluding only Boston which has it's own ADU statute).

This is a game changer for multigenerational living as well the ability to bring in rental income where previously not allowed.

The key phrase being: BY RIGHT, which bypasses your local Zoning Board and the hearing and fees involved.

There is a 900 sq/ft maximum - but that is living space.
By definition - Living Space does NOT include:
- Garage
- 3 season sunroom
- Patio
- Deck
- Balcony
- Covered porch
- Exterior staircase
- Basement
- Attached unheated storage
- Unfinished attic

https://goldcoastmortgage.com/massachusetts-affordable-homes-act/

10/18/2024

The increased 2025 conforming Loan Amounts have arrived!

Visit https://goldcoastmortgage.com/2025-jumbo-loan-limits/ for details and amounts.

$25 gift certificate to Crave for the first comment to correctly answer (1) the movie/scene filmed on it AND (2) the primary purpose for the construction of this bridge.

The 2025 Jumbo threshold gives you more mortgage money at a lower rate. View 2025 MA, NH, and ME Conforming + Jumbo Loan amounts here.

03/18/2024

Should I wait for rates to come down before buying a house? This may be the most complicated question that could be asked of anyone. Your wait may be over after reading this article on what drives interest rates.

Waiting for the ideal mortgage rate to buy your home? Your wait may be over after reading this article on what drives mortgage interest rates.

02/19/2024

Our latest article provides information about the 2024 conforming jumbo mortgage loan limits for Massachusetts, New Hampshire, and Maine. These conforming programs offer 30-year fixed-rate mortgages that come with low downpayment options, benefits for first-time home-buyers, and the advantage of Fannie Mae and Freddie Mac's low interest rate pricing.

The 2024 Jumbo threshold gives you more mortgage money at a lower rate.

12/01/2023

There are alternative options available for those who are considering taking a Reverse Mortgage. One such option is the Forward Mortgage. While a reverse mortgage may be the best option for some individuals, others who still have a steady income may find that the forward option is a better fit for them. This article will provide information on both options to help you make an informed decision.

Reverse Mortgages are outrageously expensive. Compare their costs to a custom designed Forward Mortgage - which will save you 90% in fees and costs.

11/27/2023

Tenants' Rights Forum hosted by Sally Kerans for State Representative and Senator Joan B. Lovely in conjunction with the Massachusetts Attorney General.

WHEN: Thursday November 30th - 6:30PM to 8:00PM
WHERE: 25 Stone Street, Danvers MA - Danvers Senior Center
WHO: Open to all Tenants and Residents of Danvers and Peabody.

More Info: https://patch.com/massachusetts/danvers/tenants-rights-focus-danvers-senior-center-listening-session

You have a voice.

08/31/2023

If you're searching for self-storage units in Northeastern Massachusetts, this guide will assist you in navigating the numerous options available and determining what factors you should consider. Our objective is to aid you in making an informed decision, whether you're downsizing, relocating, or merely looking for additional space to organize your home.

These are things to consider when looking for self-storage options in Northeastern Massachusetts and a list of storage facilities in MA.

07/18/2023

Why are crumbling home foundations such an epidemic in Massachusetts? Although foundations are built to last, older foundations made of concrete may be suffering from structural issues due to a particularly problematic mineral known as pyrrhotite. In 2020, MassLive reported that at least 2,000 homes in Massachusetts have crumbling foundations due to pyrrhotite. Learn more about this problem and how to avoid it in our latest website post.

The foundations of many Massachusetts homes are crumbling due to a mineral called pyrrhotite. Here’s what you need to know about this problem and how you can get help.

09/09/2022

Like clock work the long shadows, 50 degree nights and school buses all show up in the same week. Thank you New England for your reliability.

09/09/2022

TONIGHT - Friday 9/9/22 - Set a reminder at six-o'clock to be position by 7:08 PM. You'll need to get to true East facing shoreline to observe a BRILLIANT Full Moon slice the horizon wide open.

Castle Rock, Chandler Hovey Ft Sewal in Marblehead all great locations for an east moonrise.

The moon rises fast and looses "mass" within 3-4 minutes so it's imporant to be in location a few minutes ahead of time.

Tag us if you go!

03/27/2022

Should I renew my apartment lease or buy a home for myself? You’re curious about options and curiosity is a great mindset to be in. It sure beats asking questions later like, “How do I break my lease?” or “how did my new home lose so much value?” Learn more in our latest article.

There’s a fork in the road – should you turn to buy a house or renew your lease - GoldCoast Mortgage is here to guide you.