If you are over 62, and own your own home (or are looking to purchase with a substantial down payment) then a reverse mortgage is something you can consider. I specifically like the HECM (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
Financing a manufactured home
What is a manufactured home? A manufactured home is a home built in a factory on a permanent chassis and towed to a site and attached to a foundation. Previously, manufactured homes were called “mobile homes” or trailers. But in 1976 government regulations mandated minimum standards and manufactured homes today are well-designed and constructed! In […]
Renovation Loans to Repair Your Home!
Does your home need improvement? Whether you need a new roof, furnace, kitchen cabinets or any other repair, you can use a rehab or renovation loan to make it happen! At Bookend Lending Corp we offer several options for both conventional and FHA renovation loans. No matter what your project is, we have a […]
Housing Snapshot
This report from NH Housing gives you an update on what’s going on in the real estate market. InterestInterest: the cost of borrowing money, charged as a percentage of the outstanding balance and paid in arrears (unlike rent, which is paid in advance). More rates are very low making homes affordable but inventory is low which makes buying a home feel like a competition. Our goal is to put homebuyers in the best position possible to win in the home […]
Are you eligible for a home buyer tax cr...
NH Housing is offering a Home Buyer Tax Credit of up to $2000/year for first time buyers (or second time buyers buying in targeted communities). You are considered a first time buyer if you haven’t owned a home in the past 3 years. In order to participate, you must apply for a Mortgage Credit Certificate […]
Cons of an RD loan.
Today someone asked me what the down side to an RD loan is and I decided it made an excellent topic of discussion. Basically the answer is that RD loans have geographical limitations therefore they are not available in every community. Second they have income limits; if your household income is over the set limit […]
Lending the Fairway
Equal treatment of all loan applicants is a foundation of Fairway. Bookend Lendingis committed to the premise that every applicant receives fair and equal treatment and assistance throughout the loan process, from application through approval or denial. Bookend Lendingis also committed to the premise that similarly qualified applicants have similar outcomes to their […]
NH Housing now offering 4% cash assistan...
NH Housing provides cash assistance up to a maximum of 4% of the base loan amount to help borrowers defray the cost of down payment, closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the down payment itself — the collection of costs that pay for all the work, insurance, and government […]
Down Payment Assistance
Need Cash to buy a home? When you use one of NH Housing’s programs you can also get cash assistance which can be used toward either down payment or closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the down payment itself — the collection of costs that pay for all the […]