The average price of a home in New Hampshire is approximately $130,000, and homes in New Hampshire have recently been appreciating at rates above the national average. Recently, New Hampshire has seen a spike in its population; in fact, it has had the highest growth in population of all New England states.
What to Watch Out for When Obtaining a New Hampshire Mortgage Loan
When shopping Continue reading
Reverse mortgages can be a good idea for many seniors but you have to be wary of some of the reverse mortgage pitfalls. Reverse mortgages are a way to get tax-free money that you can spend any way you want. You don’t repay this money until you no longer live in your house and it is sold. After the sale you pay the lender back the amount borrowed plus the costs of the loan, Continue reading
Many people today are looking for a loan modification company. The unprecedented downturn in the economy has turned many families’ dreams into worries about foreclosure. The best bet to avoid foreclosure is to get your loan modified. But that gives rise to another question. Can loan modification companies be trusted?
First of all, does this situation sound like you? You finally found Continue reading
This is a type of mortgage that involves monthly repayments of interest on the mortgage but none of the capital. At the end of the loan term the entire balance of the mortgage must be repaid. In order to repay the loan at the end of the term you need to take out a separate savings or investment plan into which you make regular monthly payments. This could be a pension plan Continue reading
A relatively newer concept in the lending market has been the emergence of brokers. The role of a broker becomes all the more important in an adverse credit mortgage or mortgages aiming to meet specific requirements. A broker is different from a lender. While lenders themselves lend to individuals, brokers serve as middlemen between lenders and borrowers.
Brokers make lending more Continue reading
Home Affordable Modification Program (HAMP) was formed on February 18, 2009 as part of the Making Home Affordable Program which was in turn created by the Financial Stability Act of 2009. It was set up to help millions of struggling home owners with loan modifications on their home mortgage debt. The program created standard loan modification guidelines for lenders, in collaboration with banks, credit unions, services, Continue reading
Although you might go into buying a home with a pretty good idea about whether you’re going to want a fixed rate mortgage or a variable rate mortgage, the fact remains that it is an important decision that can’t be taken lightly. Researching the merits and drawbacks of each type can help you make a better, more effective decision.
Fixed Rate Mortgages –
As most mortgage Continue reading