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Home Loans for New Hampshire
Purchasing
Conventional Loans vs. FHA Loans
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 […]
When to Buy a Home in NH
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 […]
The 3 Things You Need to Know About Home Mortgage Insurance
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 […]
What to Expect in a Short Sale or Foreclosure
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 […]
Buying a Home? The 3 MUSTs of Getting a Home Inspection!
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 […]
A Guide to Lower Interest Rates in New Hampshire
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 […]
When to Refinance 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 […]
How to Get Rid of Private Mortgage Insurance (PMI)
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 […]
Loan Types
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. […]
Getting to Know Fannie and Freddie
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 […]
Mortgage Debt Elimination Schemes
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 […]