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 […]
How Credit Score Affects Mortgage Rate
Your credit score directly affects your mortgage interest rate. Learn how conventional and FHA loans treat credit differently and how New Hampshire borrowers can secure the best rate.
Reverse Mortgages – How to Use the Funds
Senior homeowners are using the additional tax-free cash flow generated by a reverse mortgage in many creative ways to benefit themselves and their families. Homeowners are no longer required to make a principal and interest payment, allowing them to boost their cash flow… free of income tax. The monthly payment becomes optional, giving the borrower […]
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Will the Fed Cut Rates — Will Mortgage R
Every homeowner, homebuyer, and resident of New Hampshire is asking the same question this week: Will the Fed cut rates and will mortgage rates go down? Let’s walk through this story —like we’re summarizing a book. How Fed Cuts Influence Mortgage Rates The Federal Reserve (the Fed) sets a short-term interest rate called the federal […]
Understanding Capital Gains on Real Esta...
What You Need to Know About Capital Gains Tax on Home Sales Many homeowners are surprised by the impact of capital gains tax on their home sale, especially if they’ve lived in the property for a long time and seen significant appreciation. Selling a home in today’s market—especially one that has appreciated over many years—can […]
Renovate with Confidence: A Clear Guide ...
Buying a home that needs some TLC? An FHA Renovation Loan, also called an FHA 203(k) loan, can be the perfect way to finance both the purchase and renovations in one mortgage. Whether you’re dreaming of a fresh kitchen, repairing safety issues, or tackling a major overhaul, understanding how an FHA Renovation Loan works will […]
Facts and Fiction About Reverse Mortgage...
Video from YouTube: Facts and Fiction About Reverse Mortgages There’s a lot of misinformation out there about reverse mortgages, so let’s separate the facts from the fiction. To qualify for a reverse mortgage, you must own your home outright or have at least 50% equity, but you don’t have to surrender the title… you retain ownership. […]
The #1 Annoying Thing That Happens After...
Wondering why your phone starts ringing after a mortgage application? This blog explains what trigger leads are, how they affect New Hampshire borrowers, and how new legislation may change the rules.
Automated Underwriting
What Is Automated Underwriting? A Plain English Guide for NH Home Buyers When you apply for a mortgage, someone — or something — has to decide whether you qualify. That “something” is called an automated underwriting system, or AUS. Think of it like a very sophisticated calculator that looks at your credit, income, debts, and […]