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Posted by Hillman Homes on 1/20/2020

It’s always a goal in life to be happier in our jobs and make more money. When it comes to buying a home, your job status can have a big effect on whether or not you’ll be able to buy a home or not. You will be able to buy a home using a new source of income. Even refinancing can be a breeze when you have a new job and the right knowledge. 


Many people believe that changing jobs or having gaps in between employment is a certain type of black hole when it comes to getting a mortgage. However, if you approach all of the changes in the correct way, you should be able to land the mortgage deal and secure a home.


Average Income


One of the most important numbers that your lender will calculate when you’re buying a home is that of your average income. This will be based on the pay that you had earned in the past 24 months‘ time. If you have had the same job and pay, this won’t be much of a big deal, However, if any of these things have changed (or will soon change) your lender may have some questions. This doesn’t mean that your mortgage application will be struck down completely. 


Information That’s Needed In The Event Of A Job Change


If you have recently changed jobs in the process of trying to refinance or buy a new home, your lender will need a few pieces of information from you. These items include:


  • An offer letter for the job
  • A role or title change letter (if applicable)
  • Compensation package change confirmation
  • Verification of employment
  • Most recent pay stub


Hourly Employees


If you’re an hourly employee, unfortunately, you’re under the tightest type of scrutiny when it comes to applying for a mortgage. Your income will be averaged for as long as you have been an hourly employee. If you work full-time, this won’t be too much of a problem. If your hours fluctuate from week-to-week, this can make things a bit more complicated.


If your hourly rates have recently gone up, you’ll need a bit of info from your employer to help you get the income verification that your lender needs. These items include:


  • An offer letter
  • Recent pay stubs
  • The new compensation structure or offer

If you have any sort of extenuating circumstances like a relocation or a new position, this information can help to bridge the gap in any information that just doesn’t add up as far as your employment history goes. 


Salaried Employees


If you’re a salaried employee, things are a bit simpler. Your lender will have a much easier time calculating your average income. The only issue that you may encounter is if you have had a gap in employment. For this, your lender will require a written explanation of what occurred during that time period.  

 

Lenders want to protect themselves, but in a way, they also want to protect you from getting in over your head with how much you can afford for a home. With some proof and a little explanation, you should be able to get a house you can afford if you have all of the information that you need to back up your financial history and employment history.




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Posted by Hillman Homes on 1/15/2020

Wonderful rental opportunity of a high first floor unit. Ready for immediate occupancy in East Watertown with Arsenal Yards less than a mile away! This 3 room, 1 bedroom and 1 bathroom apartment boasts an incredible balcony overlooking the Charles River. The perfect place to settle in after a long day day of work and enjoy the the sunshine! The unit was just updated and the kitchen comes with granite countertops and brand new stainless steel appliances. Large sliding doors provide ample natural light into the living room. The updated bathroom, large bedroom and dining/study alcove are perfect for your needs. One off-street parking space is also included and there is also common laundry and storage in the basement. No pets, no smoking. Tenant must have good credit and references. Tenant to pay 1 month fee.

More Info on this Property | New Listing Alerts





Posted by Hillman Homes on 1/13/2020

Image by Andrey Popov from Shutterstock

Window sealants are sealing materials used to fill in cracks, holes, or openings around windows. A good seal is essential for protecting your windows’ lifespan. Gaps around a window let in the elements and end up increasing your energy bill. For home maintenance, preparing for the next season, or getting your house ready to sell, sealing your windows is a smart step.

Uses of Window Sealants 

Window sealants function as a joint or point of contact between two spaces. The resulting barrier is resistant to gas, air, and also liquid. There is no one best sealant. Different sealants are necessary since each material has a specific sealant recommended for it. Metal window frames require a different sealant from a wood window or a vinyl clad window. Always check the requirements for your window type with someone knowledgeable about windows.

Types of Sealants

There are several types of window sealants commonly in use:

  1. Silicone Sealants: A silicone sealant is mainly for use on windows in the bathroom, kitchen, shower, and toilet areas. Because they are subject to moisture that can cause the metal or wood to expand and contrast, these windows need a sealant that can also expand and contract. Also good for bonding materials that are subjected to vibration. Available in white and translucent color, it fits into your décor seamlessly.

  2. Multi-Purpose Sealants: When two dissimilar materials join, such as wood and vinyl, metal or PVC, a multi-purpose sealant forms a bond between the two. In areas where replacement windows are set into original window frames, a multi-purpose sealant may be necessary.

  3. Acrylic Sealant: Suitable for the connection and the sealing of cracks on brick, plaster, concrete, PVC, and wood, acrylic sealant is paintable and can be plastered to match an existing surface.

These are the common types of window sealants and their applications. They are typically available in local building materials and DIY stores. If you are unsure about which material to use for your project, seek the advice of a window installation professional.





Posted by Hillman Homes on 1/12/2020

" For the first time in over 7 generations, the ownership of this expansive 2 family home has changed hands" Enjoy this 2 bedroom apartment located on a dead end street in Newton Center. Freshly painted, hardwood floors throughout, laundry in unit, parking available, snow and ground maintenance also included. Plenty of storage space. In addition to the 2 bedrooms, living room, family room, eat in kitchen with a large walk in pantry. There is also a large yard to enjoy the upcoming warmer months. Tenant pays all utilities. No smoking, no pets, tenant to have good references/credit. A must come see, it won't last long. This unit also includes the back deck for all your entertaining pleasure. This unit also comes with an abundance of storage space in the basement. The unit is also off of the Boston Marathon route, and just minutes for the major highways, hospitals and downtown Boston. Tenant responsible for 1 month fee. 1 mile to Highland Green Line T.

More Info on this Property | New Listing Alerts




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Posted by Hillman Homes on 1/12/2020

"For the first time in over 7 generations, the ownership of this expansive 2 family home has changed hands. Second floor apartment in two family home, right in Newton Center close to Boston. Freshly painted, all hardwood floors done over, two bedrooms, dinning room, living room, eat in kitchen with a large walk in pantry. Laundry also included in the basement. Two parking spaces, This unit also includes a 3 seasoned front porch.The attic will be a great place for all of your storage needs. There is also a huge yard shared with tenants down stairs for your out door pleasure, located on a dead end street. Come and see this wonderful apartment, it will not last. A great place to call home. All snow and ground maintenance included in the rent. Tenant pays all utilities. Tenant to pay one month broker fee. No Smoking, No pets, Tenant to have good references/ credit, 1 mile to Highland Green Line T, This location is directly off of the Boston Marathon route,

More Info on this Property | New Listing Alerts




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