Many homebuyers go into their purchase thinking they can refinance into a lower rate in the future. Although this may be true, it’s not something that one should consider as a factor when deciding to buy a home. Who knows what rates will be or what qualifying guideline may prevent a refinance from being a […]
What happens after I sign the sales a...
Congratulations! You found the house you want to buy. You’ve negotiated a sales agreement – you have a signed offer. What next? You need to give the sales agreement to your lender. Your lender will create a property-specific loan application and forward the application and disclosures for you to sign. Once you have signed these […]
FHA increases loan limits!
FHA is not limited to first time buyers and it is not limited to a sales price and it has no income limit but FHA does have maximum loan amounts. Effective January 1, 2018 for single family homes the loan limits are: New Hampshire Most areas the max loan is $294,515 Manchester/Nashua (Hillsboro County) the […]
Top 4 Reasons People Refinance
When does my mortgage insurance go aw...
When/how to remove private mortgage insurance (PMI) from a loan… To remove private mortgage insurance (PMI) that you pay on your mortgage loan, you must be up to date with your monthly payments. These rules apply to mortgages closed on or after July 29, 1999. Federal law generally provides two ways for you to remove PMI […]
5 ways to improve your mortgage optio...
Your credit score will influence your mortgage options as well as the interest rate you will get. If you’re thinking of buying a home in the future, don’t take chances! These steps can help you improve your credit score now so you’ll have more mortgage options later. Don’t over use your credit cards! Ideally credit card balances should be paid in full […]