featuring Tad Perachi, Vice President, Senior Residential Loan Officer

You know what you know – and don’t know. For example, you may know you want to buy a home. You may even know where you would like to live, the type of house you want, and how much you can afford to spend. That’s all great!

What you might not know is the best time to buy that home.

When to buy depends in large part on a very important factor: the housing market. It can impact your ability to negotiate the best possible price and qualify for the mortgage you need.

To shed some light on what’s happening in the housing market, we’re sharing the final installment of our three-part series featuring our experienced loan officers working in the trenches. Today, we have insights from Tad Perachi, Vice President and Senior Residential Loan Officer at Avidia.

Tad, who specializes in serving the New England and Florida markets, brings over 20 years of lending experience to his clients, including 13 years with Avidia.

Read on to see what he has to say:

Tad, what are the biggest challenges in the housing market today?

Tad: “It continues to be soaring home prices, low inventory, and higher interest rates.”

How do you help buyers overcome those challenges?
Tad: “I manage what I can control and constantly stay active with real estate professionals and others who can educate and guide my prospective buyers.”

How do you think Avidia helps buyers?

Tad: “We offer a range of mortgages, including many portfolio products. That means, after closing, we keep the mortgage instead of selling it.  So, buyers deal with us, not some company far away that they don’t know.

We also do in-house underwriting, which allows us to turn things around and make loan decisions quickly, helping buyers close sooner.”

How do you think your experience helps your buyers?
Tad: “Well, I have a strong knowledge of mortgage programs and guidelines. This allows me to anticipate and avoid any issues that could slow down the process.

I also am extremely responsive to my buyers, striving to provide the support and guidance to answer their questions and help them make the best decisions for them.”

What is one of the biggest myths you hear about mortgages?

Tad: “In this environment of higher interest rates, people still have the option to refinance. Yet, many people think they need interest rates to be 1% lower than their current rate for it to be worthwhile. It’s not true. There are several reasons to refinance, including taking cash out for home repairs or college expenses and shortening the loan term to pay off the home sooner and reduce interest costs.

You’ve been in mortgage lending for decades. What do you love most about what you do?

Tad: “I really enjoy meeting people and helping them realize one of the biggest financial goals in their life.”Ready to move forward with your home goals?

Avidia is here to help. To learn more about the difference of working with a trusted, caring, local bank and lender, contact Tad at 617-759-7500 or [email protected].

Member FDIC
Member DIF
Equal Housing Lender
Avidia Bank NMLS# 422902
Tad Perachi NMLS# 697312