The question is: Should I pay points to get a lower rate? Understanding Mortgage Points and Lender Pricing When shopping for a mortgage, terms like “point” and “points” might sound a bit confusing. Don’t worry—I’m here to break it all down and help you understand the mechanics of mortgage pricing, so you can make informed […]
First time buyers are home buyers who have not owned a home in the last 3 years. When two people are buying together, if one is a first time buyer then many programs allow the purchase to be considered a first time buyer transaction. Who offers First time buyer programs? Mortgage brokers like Bookend Lending […]
In today’s housing market, having the right expertise and insight can make a big difference in your experience and the outcome. It is crucial for home buyers to have the right support and guidance throughout their journey. Your choice of a real estate team is key. Many home buyers, especially those new to the market, […]
Maybe you have enough money to pay cash because you don’t want to liquify them. How can you obtain a home loan when you don’t have enough verifiable income to qualify for a mortgage? If you have significant assets, you can invoke “asset dissipation” guidelines to use your assets as a source of income when […]
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 Equity Conversion Mortgage) which is federally insured. If you have any interest, let’s talk! Call me at 603-345-5644 or email […]
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 […]
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 […]
This report from NH Housing gives you an update on what’s going on in the real estate market. Interest 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 […]
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 […]
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 […]