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Home Loans for New Hampshire
If you’ve been thinking of purchasing or refinancing a home that is in need of repairs, the Federal Housing Administration (FHA) 203(k) rehab loan might be for you. There are two types of 203(k) mortgages: streamlined and standard. The streamlined version is for smaller projects and is a less-involved process. Whether it’s for a Purchase or […]
For those seeking maximum value at a minimum price, keep these essentials in mind.
Want to instantly add value to your home AND get at or above your asking price? Just follow these 4 simple tips.
Thinking about Refinancing? Just 5 Minutes Could Save you a Bundle! One of the best reasons to refinance your mortgage is to obtain a lower interest rate and a lower monthly payment. By refinancing, you will payoff off your existing mortgage and replace it with a new one. This can often be accomplished with […]
If you’re looking to buy your first home, there are a number of things you need to know about a down payment and mortgage insurance. First, you’ll likely have to obtain a conventional or a Government loan like the Federal Housing Administration (FHA) mortgage, or a $0 down RD loan through the USDA. Let’s compare a Conventional loan […]
5 Reasons to Buy a Home Right Now! Buying right is the first step to profit and success but some potential buyers have been afraid to act. If you have been sitting on the sideline waiting for the next buying opportunity, here are 5 reasons why now might be the time to take the […]
When buying a home it’s important to understand the basics of mortgage insurance. What is it? How does it work? What does it mean to you as a home buyer or homeowner? Below are 3 things you need to know. Mortgage insurance is taken out by the lender to provide protection against you defaulting on […]
Short sales and foreclosures are facts of life in the real estate market these days. There is a good chance, then, that agents and clients will encounter them when they go to purchase a home or investment property. Short Sale Short sale means that the lender on that property wants to sell it and is going […]
While home buyers typically think of home inspections as being required solely for the purchase of homes that are in a state of needing repair, the truth is that they benefit all types of buyers. If there is a problem with the property that the seller either is attempting to hide or is truly unaware […]
In the big picture of lending, loans given to consumers fall into short-term loans and long-term loans. Short-term loans are generally considered consumer loans that have terms of 5 years or less. They would include revolving credit cards, installment automobile loans and home equity lines of credit. The rates on these loans are based on what is […]
Poor Credit Results in Higher Interest and Lower Loan Amounts Your credit history helps mortgage lenders decide how much credit you are eligible for and at what interest rate. The better your credit history, the more likely you are to qualify for the best mortgage programs. If you have poor or bad credit and are […]
You can SAVE BIG if you understand a few basic economic principles and how they relate to you. If you understand what makes our nation’s economy tick, you can save thousands of dollars on everything from your mortgage to your credit cards. For example, take a $200,000 mortgage: the difference in monthly payments between a 30-year mortgage […]
Here are reasons to refinance your mortgage. Lower your monthly payment with a lower interest rate: One of the main reasons homeowners refinance is to lower their monthly payment. Lowering your interest rate by 1% on a $200,000 mortgage can save you $165 per month and more than $55,000 in interest over the life of […]
What is PMI? Many New Hampshire home buyers make down payments of less than 20 percent and have to pay private mortgage insurance (PMI). PMI is a type of insurance policy that reimburses your lender if you default on your mortgage. Private mortgage insurance charges vary depending on the size of the down payment and […]
Do you have special or unique financial circumstances? If so, the articles below may help you identify the best type of home loan in NH. If you can’t find what you’re looking for, give me a call. I’ve helped thousands of home buyer’s right here in New Hampshire and I can probably help you, too. […]
The division of real property – the marital homestead in particular – is one of the most important decisions during a divorce. Unlike other decisions like child support and alimony, property division in a divorce is final. Even so, there are mortgage refinancing and debt consolidation options that can benefit all parties involved in divorce. […]
Being self-employed brings its own challenges when you’re applying for a mortgage. Mortgage lenders underwrite their loans based on standard guidelines that have been established by Fannie Mae, the FHA, or the VA. Self-employed borrowers are often considered riskier than other types of mortgage loan applicants. Consequently, they frequently receive closer scrutiny than do salaried […]
Here are some terms commonly used in the mortgage industry: ARM, or Adjustable Rate Mortgage: This is a mortgage loan that has a fixed rate for a specific period of time, say 1, 3, or 5 years, after which the rate becomes dependent on some index, such as a treasury bill rate. Buy Down: A […]
In a nutshell, Fannie Mae and Freddie Mac are intermediaries. They buy loans from lenders and then turn around and sell them to investors. Most mortgages, regardless of the type, are originated with the expectation that they will be sold after they close. Loans that are kept in-house are called portfolio loans. These loans are […]
Do you hate paying your mortgage? Maybe not but let’s face it: given the choice, you’d rather not pay one. If you could find an easy way to get rid of your mortgage and your other debt, you’d do it. Right? That is why “Mortgage Elimination” and “Debt Elimination” scams work: because the scammers are telling you something […]