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 […]
Mortgage Info Blog
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 […]
Seniors – Should You Consider a Reverse
Video: Seniors – Should You Consider a Reverse Mortgage? As they enter retirement, many seniors feel comfortable with the amount of equity they’ve built up over their working years. They think that the steady income they’ll receive from their Social Security payments, coupled with the funds from their IRA or 401K, will be enough to […]
Cash Flow from a Reverse Mortgage
Video: Cash Flow from a Reverse Mortgage Having enough cash to last to – and through – retirement is one of the major challenges facing today’s seniors. A reverse mortgage is a safe way to help senior homeowners improve their cash flow while allowing them to better “age in place” in their own home. With […]
Reverse Mortgages – Paying them Off
Video: Reverse Mortgages – Paying them Off A frequently asked question about reverse mortgage loans is, “When do I have to pay it off?” There are several scenarios regarding when a reverse mortgage would have to be paid off. The first would be when the last borrower passes away or moves out for more than […]
Do You Qualify for a Reverse Mortgage?
Video Guide: Do You Qualify for a Reverse Mortgage? If you’re considering a reverse mortgage to help fund your retirement, you may be wondering, “How do I qualify?” To be eligible for a typical reverse mortgage, you must be at least 62 years of age, but for a “Jumbo” reverse mortgage – typically used for […]