SHAMROCK FINANCIAL'S BLOG

March 23, 2017
Doctor Loan

The Doctor Loan: Your Prescription for Home Ownership

Have You Just Graduated from Med School? Paging Shamrock Financial! Needing to borrow money for your education is nothing new, but the amount of money you need to borrow just keeps getting bigger and bigger. And very few groups incur as much debt as medical professionals do. Whether you are…
March 14, 2017
first time home buyer benefits

Complete List of Available MA & RI First Time Home Buyer Benefits

Update: As with any program, the powers that be regularly review their first time home buyer benefits to make sure that they meet the needs of their residents. The list below is an updated list of the original list, published in June 2015. Also note that the locations may also…
March 9, 2017
Household expenses

Are You Prepared for Unexpected Household Expenses?

Can You Afford a Home? Do you know how much house you can afford? Sure, you have plugged in some numbers into online calculators, and maybe you have been pre-approved for a mortgage. But is that enough? Not really. Here’s the deal. Mortgage lenders, such as Shamrock Financial, can help…
March 7, 2017

5 Popular First Home Mortgage Loan Programs

If you are thinking of buying your first home, then you know that there are plenty of decisions to make, and one of those is about your first home mortgage loan program. Which mortgage to get, what terms are best, which mortgage lenders to consider – it can get overwhelming…
March 3, 2017
MA Real Estate Disclosure Form

New MA Real Estate Agency Disclosure Form

Out with the Old, In with the New No one likes a complicated form, and real estate is no exception. Therefore, if you are a real estate agent working in Massachusetts, then you need to be aware of changes that will affect you in this new MA real estate agency…
February 23, 2017

The Costs of Waiting to Buy a Home

Is It Time to Take the Plunge? Knowing that you want to get in the market for a new home is one thing. Knowing when to enter the housing market is another. Why is this? There are a ton of variables to consider: Will interest rates go up or down?…
February 21, 2017
wallet taxes featured image

Buying a House, Pay Fewer Taxes? It’s True!

Buying a House Means Saving on Taxes? True or false: can buying a house mean you pay less in taxes? The answer: true! Maybe that riddle wasn’t all that hard. It’s relatively common knowledge that you can get a deduction on your taxes for the interest you pay on your…
February 16, 2017
celebration at work

Shamrock Financial Named One of the Top Mortgage Employers in the Northeast

Shamrock Financial is proud to announce that it has been selected by the National Mortgage Professional Magazine as one of America’s Top Mortgage Employers for 2017, specifically, one of the top ten mortgage employers in the northeast. This recognition is determined through the Mortgage Employer Company Score. This score uses…
February 7, 2017
home buying tips featured image

Home Buying Tips That Will Motivate You

It’s a great time – you have realized that buying a home is in your future. That decision has many components to it, such as the budgeting and the saving and the applying for a mortgage. All these parts are necessary, but not really that fun. House hunting, however…that can…
February 3, 2017

Real Estate Postcards – A Little Can Do a Whole Lot

The location, the prices, the market, the trends. If you have any hope of becoming a rock star real estate agent, you need specific and current knowledge about these topics, and more. But then ask yourself these questions: Do clients know whom you are? Do they know what you have…
January 3, 2017
Shamrock Financial featured imagee

Shamrock Financial Wins National Brightest and Best Award for the Third Consecutive Year

For the third time in as many years, Shamrock Financial Corporation has, yet again, won one of the sought-after National Brightest and Best Companies to Work For™ award. Handed out by the National Association for Business Resources (NABR), the Best and Brightest Companies to Work For™ competition acknowledges those businesses…
July 24, 2014

How To Create a Loan Officer Business Plan in 5 Easy Steps

High-producing loan officers don’t get to the top by accident. Successful loan officers have a formula for success which often includes a few simple disciplines repeated daily or DAS. (Daily Action Strategies) In addition, they have a road map they refer to frequently which leads them to the fruition of…
June 5, 2014

How to Find Your Perfect Niche Real Estate Market in 3 Simple Steps

Real Estate Agents and Mortgage Professionals know how difficult it is to be the “go-to” resource for every type of home buyer and referral partner. It’s a time-consuming circus act and it usually won’t result in dealing with folks who will do business the way you do. Conversely, some people…
March 13, 2014

Delete The Words Past Client Marketing From Your Vocabulary

There are certain words and phrases in the English language that are not acceptable to use for a variety of reasons. The real estate industry is no exception. The words and phrases you use can have a subtle yet marked effect on your approach to sales. One such phrase is…
March 23, 2017
Doctor Loan

The Doctor Loan: Your Prescription for Home Ownership

Have You Just Graduated from Med School? Paging Shamrock Financial! Needing to borrow money for your education is nothing new, but the amount of money you need to borrow just keeps getting bigger and bigger. And very few groups incur as much debt as medical professionals do. Whether you are…
March 14, 2017
first time home buyer benefits

Complete List of Available MA & RI First Time Home Buyer Benefits

Update: As with any program, the powers that be regularly review their first time home buyer benefits to make sure that they meet the needs of their residents. The list below is an updated list of the original list, published in June 2015. Also note that the locations may also…
March 9, 2017
Household expenses

Are You Prepared for Unexpected Household Expenses?

Can You Afford a Home? Do you know how much house you can afford? Sure, you have plugged in some numbers into online calculators, and maybe you have been pre-approved for a mortgage. But is that enough? Not really. Here’s the deal. Mortgage lenders, such as Shamrock Financial, can help…
March 7, 2017

5 Popular First Home Mortgage Loan Programs

If you are thinking of buying your first home, then you know that there are plenty of decisions to make, and one of those is about your first home mortgage loan program. Which mortgage to get, what terms are best, which mortgage lenders to consider – it can get overwhelming…
February 23, 2017

The Costs of Waiting to Buy a Home

Is It Time to Take the Plunge? Knowing that you want to get in the market for a new home is one thing. Knowing when to enter the housing market is another. Why is this? There are a ton of variables to consider: Will interest rates go up or down?…
February 21, 2017
wallet taxes featured image

Buying a House, Pay Fewer Taxes? It’s True!

Buying a House Means Saving on Taxes? True or false: can buying a house mean you pay less in taxes? The answer: true! Maybe that riddle wasn’t all that hard. It’s relatively common knowledge that you can get a deduction on your taxes for the interest you pay on your…
February 7, 2017
home buying tips featured image

Home Buying Tips That Will Motivate You

It’s a great time – you have realized that buying a home is in your future. That decision has many components to it, such as the budgeting and the saving and the applying for a mortgage. All these parts are necessary, but not really that fun. House hunting, however…that can…
January 27, 2017

How Can I Raise My Credit Score? (INFOGRAPHIC)

Because there is no quick way to fix your credit score, rebuilding your credit will take time, patience, and discipline. But it can be done. When you ask yourself, “How can I raise my credit score?, remember these easy tips: Pay all your bills and debts on time. Set up…
January 17, 2017
condo interior featured image

The Basics of Buying a Condo

Are You Going Condo Shopping? If buying a property is on your list of goals, have you thought about buying a condo? With little maintenance and in-house amenities, a condo can be the right solution between renting and buying a larger home. But do you know what is involved in…
January 10, 2017
resized ri housing waterplace park

RI Housing: No More Income Limits

Looking for a Home? Check Out the RI Housing Program Offered by Shamrock Financial When buying a home, especially your first one, you need to know exactly what is involved. Rhode Island Housing and Shamrock Financial are there to help you along the way. Let’s take a more in-depth look…
December 29, 2016
featured image fha loan limits

Changes to FHA Loan Limits – January 2017

Consider an FHA Mortgage You have decided to buy a home and that’s great! While the decision itself may be exciting, doing all of that required administrative work – locating pay stubs, collecting bank account details, assembling debt details – is not.  Then comes the issue of decision making: What…
December 1, 2016

About the Credit Score Needed for a Mortgage

So You Wanna Get a Mortgage When buying a house is on your horizon, at some point along the way you will need to take a look at your finances. If you are like many Americans, you may take a second look at the credit score needed for a mortgage.…
November 29, 2016

Why It’s the Safest Time to Buy a House

To Buy or Not to Buy When you are first starting out, renting is generally a great way to go. You get to find an affordable place to live at a reasonably convenient location, but without needing a down payment or worrying about maintenance or renovations. But given the lack…
November 9, 2016

Are You Working with the Best Mortgage Company?

When someone is looking to buy or sell a home, they may start the transaction on their own, but in most cases, they will contact a real estate agent. A qualified agent will know how to price a home accordingly, find comparable listings, suggest ways to improve the curb appeal…
October 19, 2016

6 Terrifying Reasons Why You Should Own a Home Rather Than Rent

After years of renting, buying a home can be a frightful proposition; aside from the price of the house itself, there are closing costs, title fees, moving expenses, and more. After calculating these costs, you may be terrified so much that you prefer to continue renting! But there are many…
November 9, 2016

Are You Working with the Best Mortgage Company?

When someone is looking to buy or sell a home, they may start the transaction on their own, but in most cases, they will contact a real estate agent. A qualified agent will know how to price a home accordingly, find comparable listings, suggest ways to improve the curb appeal…
October 6, 2016

How Much Will I Save By Refinancing?

The Price of Refinancing When you want to take advantage of lower interest rates, change the type of mortgage you have, or access equity on your home, you may ask yourself, “How much will I save by refinancing?“. Refinancing involves getting a new loan, with different terms, to replace your…
October 4, 2016

The Best Ways for Refinancing a Home

Thinking about Refinancing? Whether it is saving money, paying off your mortgage earlier, or accessing equity, there are many reasons why you would want to refinance. Simply, refinancing is obtaining a new mortgage with new terms that will enhance your financial situation. If you understand how refinancing works and what…
September 30, 2016

Great Refinancing News: HARP Extended Until 2017

Home ownership is a reality for quite a few Americans, but a dream for many others. To help that dream come true, the Federal Housing Finance Agency (FHFA) has announced that it will extend its Home Affordable Refinance Program (HARP) until September 30, 2017. This program strives to assist those…
September 27, 2016

Is Now a Good Time to Refinance?

When interest rates are lowered, when you want to change the type of or the duration of your mortgage, or access equity in your home, you may think about refinancing. Refinancing is the process of having your original mortgage paid off and then replaced with a new one with new,…
September 9, 2016

The Purpose of the Home Appraisal for Refinancing

Refinancing Your Home When interest rates are lower or you want to take advantage of more favorable mortgage terms, it may be time to refinance. But when you refinance, just about everything is dependent on the home appraisal. Why is this? It ensures that the mortgage lender does not lend…
August 18, 2016

How Refinancing Your Home Works

About Refinancing If you find that you are having problems making the payments on your mortgage, due to higher interest rates, the type of mortgage you have, or other personal financial issues, it may be time for you to consider refinancing. In a nutshell, refinancing is the process of getting…
July 20, 2016

Reverse Mortgage Solutions for Seniors

If you are a senior, or know one, who wants or needs to access to funds in retirement, you might think that getting a part-time job is your only option. It isn’t. If you have equity in a property, then consider reverse mortgage solutions to get a cash flow for…
July 14, 2016

Refinancing After Divorce – The Basics

Divorces can be an unfortunate part of life. There are many aspects that need to be addressed at this time and one of those is the division of the marital property. It is common for one of the spouses to want to keep the property, and that would involve a…
July 12, 2016

Answering Should I Refinance My Mortgage?

Should I Refinance My Mortgage? Refinancing your mortgage is the process of paying off your existing mortgage and replacing it with a new one. Home owners refinance their mortgages for a number of reasons. If you have asked yourself, Should I refinance my mortgage?”, you may have come up with…
June 30, 2016

The Importance of a Good Credit Score

What is a Credit Score? Once you start your financial life, one of the things you will get is a credit score. This is a three digit number that is calculated using details of your financial history, employment history, and more. This number is used to help determine your likelihood…
June 3, 2016

USDA Refinancing Changes-June 2016

If you are looking to purchase or refinance a home, the Rural Housing Service of the United States Department of Agriculture (USDA) is making changes to their mortgage requirements to help home affordability become even easier. The USDA offers a variety of programs for low and moderate income Americans to…
February 17, 2016

What is an Appraisal?

What is an Appraisal? An appraisal is the unbiased opinion of a home’s value by a certified professional. Appraisals are most frequently used in the buying, selling,  and refinancing transactions of a property to help determine whether the offer price of a property is on par considering the condition, features,…
January 7, 2016

FAQ: Are Closing Costs Tax Deductible?

The Benefits of Home Ownership Whether it is the luxury of space or the beauty of privacy, there are many intangible benefits of owning a home. But home ownership has its financial benefits as well. In addition to reducing your cost of living expenses when you are older, you also…
June 25, 2013
rate lock

What is a Mortgage Rate Lock and Why Should I Care About It?

For most people, part of the home buying process includes obtaining a mortgage. And that means researching prospective mortgage lenders to find the one that offers you the best deal. This can include the best interest rate, the right mortgage amount, and lower up-front charges, among other aspects. Once you have found the…
March 7, 2017

5 Popular First Home Mortgage Loan Programs

If you are thinking of buying your first home, then you know that there are plenty of decisions to make, and one of those is about your first home mortgage loan program. Which mortgage to get, what terms are best, which mortgage lenders to consider – it can get overwhelming…
March 3, 2017
MA Real Estate Disclosure Form

New MA Real Estate Agency Disclosure Form

Out with the Old, In with the New No one likes a complicated form, and real estate is no exception. Therefore, if you are a real estate agent working in Massachusetts, then you need to be aware of changes that will affect you in this new MA real estate agency…
February 3, 2017

Real Estate Postcards – A Little Can Do a Whole Lot

The location, the prices, the market, the trends. If you have any hope of becoming a rock star real estate agent, you need specific and current knowledge about these topics, and more. But then ask yourself these questions: Do clients know whom you are? Do they know what you have…
December 29, 2016
featured image fha loan limits

Changes to FHA Loan Limits – January 2017

Consider an FHA Mortgage You have decided to buy a home and that’s great! While the decision itself may be exciting, doing all of that required administrative work – locating pay stubs, collecting bank account details, assembling debt details – is not.  Then comes the issue of decision making: What…
December 6, 2016

What’s the Deal with Chattel Property?

The Art of Negotiation In real estate, most everything is negotiable – to an extent. If you have ever bought or sold a home, then you now that sentiment certainly applies to the price of the home. Regardless if you are a buyer or seller, you want to get the…
July 5, 2016

Up, Up, & Away! Using Drones for Real Estate

As the saying goes, a picture is worth a thousand words. When it comes to selling homes, having professional-grade pictures in your listings can be the springboard you need to achieve a sale. But with advances in photography and technology, the standard picture of each room is no longer enough.…
June 30, 2016

The Importance of a Good Credit Score

What is a Credit Score? Once you start your financial life, one of the things you will get is a credit score. This is a three digit number that is calculated using details of your financial history, employment history, and more. This number is used to help determine your likelihood…
March 10, 2016

Tackle Real Estate Marketing and Sales with Our New eBook

Do you know what it takes to become a successful real estate agent?  Do you have the know-how, the experience, and the knowledge that will put you heads above the rest? Do you need real estate marketing ideas? If you feel that you are getting bogged down in details that…
December 10, 2015

Is a Homeowners Association Property Right for You?

Introduction Houses, townhomes, condos – there are many different types of dwellings where you can choose to live. But you cannot choose your neighbors. You could end up with great neighbors, or you could live beside those who make loud noises all night, cannot control their dog, or are oblivious…
September 22, 2015

How a Core Values List Can Help You Succeed

What are Core Values? At the base of every person or business is their core values. These are the fundamental principles and beliefs that guide their words, actions, and behavior. Not only do these values shape their relationships – both professional and personal – but identifies to everyone the meaning…
December 19, 2014

Upcoming Change to VA Loan Limits

The veterans who have fought valiantly for the United States deserve to be recognized for their dedication, effort, and patriotism. As such, certain policies and programs have been put in place to thank the veterans for their contributions. One such program addresses the loan requirements when purchasing a home, known…
December 10, 2014

How to Create Compelling New England Real Estate Listings

What is the secret to selling a home quickly and at the right price? It is not so much a secret, but rather a series of steps where each is both well planned and executed. But before you negotiate an offer, before you advertise an open house, before the house…
November 12, 2014

How Drone Photography is Changing Marketing in the Real Estate Landscape

Say the word drone, and what ideas come to mind? If you’re like many people, you think of the military, and that’s with good reason. Also known as an Unmanned Aerial Vehicle (UAV), a drone is a remote-controlled object used by the military, but can also be used in other…
October 28, 2014

Succeeding in the New Era of Real Estate

Years ago, for a real estate agent to be successful, he or she needed to show as many houses as possible to as many people as possible in the hopes that a match could be made and the property would close. Real estate agents held the key to a happy…
October 21, 2014

Six Interesting Housewarming Gift Ideas

When invited to someone’s house for a get together, it is customary for guests to bring a small hostess gift as a sign of appreciation and thanks. When the reason for the gathering is a specific celebration, then you might bring something a little larger. If you are celebrating a…
June 10, 2016

How to Become a Loan Officer

When you need a loan for your home, car, or college tuition, you would talk with a loan officer to determine if you are an acceptable risk. In terms of buying a home, these professionals assist potential buyers in determining the right loan product for each client and inform them…
August 4, 2015

The Fine Print: How to Negotiate Your Loan Officer Employment Contract

After the resumes and the interviews, it finally happens – you get the job offer for a loan officer. You’re excited to sign on the dotted line, but not so fast. You need to take a long hard look at your employment contract. An employment contract defines the obligations of…
June 9, 2015

New Bill Will Affect NMLS License Requirements for Loan Officers

In July of 2008, a federal law, known as the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act, was passed. The intent of this act was to ensure that state-licensed Mortgage Loan Originators (MLOs) met certain National Mortgage Licensing System (NMLS) requirements. These include: Passing a written test Completing…
April 2, 2015

Get Prepared: New NMLS License Code of Conduct

The Nationwide Mortgage Licensing System (NMLS) is the main governing system surrounding the management of licenses for individual Mortgage Loan Originators (MLO) and mortgage businesses for state and/or territorial agencies in the United States. The primary tasks of MLOs is to advise potential borrowers about the various mortgage loan products…
July 24, 2014

How To Create a Loan Officer Business Plan in 5 Easy Steps

High-producing loan officers don’t get to the top by accident. Successful loan officers have a formula for success which often includes a few simple disciplines repeated daily or DAS. (Daily Action Strategies) In addition, they have a road map they refer to frequently which leads them to the fruition of…
March 13, 2014

Delete The Words Past Client Marketing From Your Vocabulary

There are certain words and phrases in the English language that are not acceptable to use for a variety of reasons. The real estate industry is no exception. The words and phrases you use can have a subtle yet marked effect on your approach to sales. One such phrase is…
November 19, 2013

How to Stand Out and Say Thank You with Corporate Gifts

With the holiday season fast approaching, many businesses start to plan the corporate gifts that they will send to current clients, prospective clients, and suppliers. Not only is it a thoughtful way to thank them for their business, but it is a great marketing strategy to keep your business close…
February 12, 2013

7 Tips for Fixing Your Lousy LinkedIn Profile

The social media landscape is changing (I know, I know..more changes!) and having a presence online isn’t something to put off for a rainy day. Prospects and clients will look to the social networks for guidance on who to work with for their next purchase or refinance.
November 19, 2012

Say Thanks! The Power of 5 Note Cards

January 27, 2017

How Can I Raise My Credit Score? (INFOGRAPHIC)

Because there is no quick way to fix your credit score, rebuilding your credit will take time, patience, and discipline. But it can be done. When you ask yourself, “How can I raise my credit score?, remember these easy tips: Pay all your bills and debts on time. Set up…
November 21, 2016

Thanksgiving Recipes You’ll Love!

Thanksgiving is not only about giving thanks for the blessings you have been given this year, but also about gathering around the table and enjoying a delicious meal with loved ones. Our Shamrock family has a few Thanksgiving recipes that we want to share with you with the hope that…
September 15, 2016

How To Tell If You Have a Good Credit Score

It is a common refrain – if you have a good credit score, the better off you will be financially. It is easy to understand why. Your credit score is used to help determine if you can get a car loan, a mortgage, and in some cases, a job. The…
June 30, 2016

The Importance of a Good Credit Score

What is a Credit Score? Once you start your financial life, one of the things you will get is a credit score. This is a three digit number that is calculated using details of your financial history, employment history, and more. This number is used to help determine your likelihood…
March 23, 2016

Protect My ID: About Identity Theft

What is Identity Theft? We have all heard of the term: identity theft. It is a crime where a person gains key pieces of personal or financial information, such as a driver’s license, credit card number, or Social Security number. The intent is to pretend to be that person to…
February 17, 2016

What is an Appraisal?

What is an Appraisal? An appraisal is the unbiased opinion of a home’s value by a certified professional. Appraisals are most frequently used in the buying, selling,  and refinancing transactions of a property to help determine whether the offer price of a property is on par considering the condition, features,…
October 20, 2015

Happy Homes: Fall Home Maintenance Tasks

But which fall home maintenance tasks should you do? Below is a list of some tasks that you should complete: Test and replace batteries in smoke and carbon monoxide detectors: A simple home maintenance task that is easy to complete: checking that your smoke and carbon monoxide detectors are working…
October 6, 2015

Home Appraisals 101

What is an Appraisal? Whether you are buying a home or selling your existing one, there are a number of questions you need to ask yourself, and one of them is this: is the asking price an accurate one? Simply because you have been pre-approved for a mortgage, or that…
September 15, 2015

The ABCs of Baby Proofing Your Home

When you have a sweet little newborn, you want to do everything to keep them snugly and safe. But don’t wait until they start crawling to baby proof your home. Even before they crawl, they can reach, grasp, and pull themselves up, which can lead to safety issues. Baby proofing…
September 3, 2015

Credit Report Tactics for Resolving a TransUnion Dispute

When applying for a car loan, credit card, or mortgage, lenders all take a good, hard look at many aspects of your financial life, and that includes your credit report. This document contains many personal details, such as your name, date of birth, addresses, places of employment, and your social…
July 21, 2015

The Skinny on the Best Personal Finance and Budget Apps

Introduction Do you buy a coffee every day? What about a muffin to go with it? Go out for lunch a few times a week? Maybe see a movie on the weekend? All of these little purchases – as well as your larger expenses – can quickly take a toll…
July 16, 2015

Top Dollar: Ways to Increase Your Home Value Before Selling

Introduction Once you decide to put your home on the market, you have a number of decisions to make: what items will you include in the sale, how long of a closing would you like, and most importantly, what is your asking price. Before you decide on a price, you…
July 14, 2015

The Worst Advice You Have Ever Heard About Title Insurance

Purchasing a home is an expensive endeavor. In addition to the actual purchase price, you need to save up for the down payment, pay for legal fees, home owner’s insurance, moving expenses, home inspection costs, just to name a few. Another one you may add to your list is title…
June 16, 2015

Clutter Invasion? Simple Steps to Declutter Your Home

The thought of living a simpler life with fewer possessions may sound like a dream. There are also many benefits of owning fewer things: less to organize, less to clean, and in the end, more time to do what you really want to do. However, stuff does not accumulate overnight.…
June 12, 2015

How to Pay for College without a Home Equity Loan

Education may be the key to a secure future for your children, but you need to pay for that future upfront. Using some of your home’s equity to subsidize costs was one common way to help your children with post-secondary education costs, but given the drop in home property values,…
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