Financial Advisors Like the Reverse Mortgage Line of Credit Strategy As a financial advisor, you may be overlooking a significant planning tool… a reverse mortgage line of credit. The government regulated and insured FHA Home EquityEquity is the portion of your home’s value that you own. It’s calculated by subtracting the balance of your mortgage […]
Mortgage Info Blog
What Your Credit Score Means
Video: What Your Credit Score Means A credit score is a 3-digit number based on several factors from your financial activity. It’s used to determine your creditworthiness for things like a mortgage, auto loan, or credit card. FICO creates what’s known as a FICO Score, the most widely used credit scoring model today. While there […]
Buying a Home Together: What Two Unmarri...
More people than ever are buying homes together — whether they’re unmarried couples, close friends, or family members co-buying with each other. From a mortgage standpoint, it doesn’t matter and it’s completely fine. We look at your income, credit, assets, and debts, and structure the loan accordingly. Being married or unmarried doesn’t change much on […]
Discuss Retirement Income with a Reverse...
Video: Why Talk to a Reverse Mortgage Specialist? You’re retired – or soon will be – and you’re in the process of planning for the days after you stop working. You’re checking with your financial advisor regularly to make sure your IRA or 401K is performing as you hoped, and you’ve worked long enough that […]
Master Insurance for Condos in New Hamps...
Master Insurance: Why It Matters When buying a condo, one of the most overlooked — and most important — factors is the master insurance policy. A buyer can be fully qualified.The unit can appraise.The offer can be strong. 👉 But if the condo association’s insurance doesn’t meet lending guidelines, the loan may not close. What […]
6 Condo Red Flags That Can Kill Your Loa...
6 Red Flags When Buying a Condo in NH When you buy a condo in New Hampshire, you’re not just buying a unit. You’re buying into a community. Every owner — whether there are 2 units or 200 — owns a proportionate share of the common land and amenities. That often includes building exteriors, entryways, […]
Retirement Cash Flow for Baby Boomers
Video: Retirement Cash Flow for Baby Boomers Unlike previous generations, today’s baby boomers face some unique challenges to funding – and maintaining – their current lifestyle in retirement. They can no longer depend on the steady income provided by a company pension as their parents did. Instead, most are left hoping that their savings from […]
Is a Reverse Mortgage a Smart Move?
Is a Reverse Mortgage a Smart Move When Purchasing a Home? Asking if a reverse mortgage is a smart move is not a dumb question if you’re 62 or older and purchasing ahome because a reverse mortgage may be a smarter choice than paying cash or getting a traditional mortgage! It could be the difference […]
The Triangle of Trust
The triangle of trust — why your REALTOR, your lender, and a financial advisor all belong at the table There’s a triangle of trust in every successful home purchase. Most buyers only build two sides of it. They call a REALTOR. They call a lender. And they move forward hoping everything works out. Sometimes it […]
The Truth About Buying in NH Right Now
The truth about buying in NH right now Everyone has an opinion on whether now is a “good” time to buy. Your coworker, your cousin, the internet… everyone’s got a take. The truth? It depends. Here’s my take on buying in NH right now. What I’m hearing every day:• “Rates are too high — I’ll […]