People who wish to purchase a distressed property and use a rehab loan to fix it up after closing have several options including FHA 203K and FHA 203Ks programs. Rural Housing (also known as RD, USDA or Farmers’ Home Loans) does have provisions for a minor amount of rehab money (under $10K) or ,when combined with […]
If you are thinking of purchasing a home or refinancing, this article provides some basic mortgage facts that will help the homebuyer understand more about their options: TERMS – the term of a mortgage is the number of years to repay the loan 30 Year Fixed Mortgage Rates This loan program is fixed for 30 […]
What is a reverse mortgage? A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage ownership can be paid to you. But unlike a traditional home equity loan or […]
Short sales can be great opportunities for you but they involve a longer wait period to find out if your offer is accepted. Lets define short sale and then discuss the process. A short sale occurs whent he seller owes more than he can sell the house for and he asks one or more lienholders […]
Home Buyer Seminar on Wed March 14th at 6:15 At the offices of Horizon Settlement Services 6 Garvins Falls Road, Concord, NH Complimentary Admission. RSVP: amazingloans@nhmortgages.com Our last seminar was a NH Housing Home Buyer Seminar which was held on Tuesday Feb 21st & Wed 22nd at the Epsom Public Library. The seminar was open […]
There’s a change ahead in financing for first time buyers and others who qualify for the RD (Rural Development) loan which is sometimes also referred to as a Farmer’s Home Loan or USDA loan. The good news is the loan will still require no down payment — that’s right — no money down is needed […]
If you are a first time homebuyer in Massachusetts then you may want to consider Mass Housing. There are income limits (generous) but if you fall below the income limit and have the appropriate credit score, the interest rates are below market and the mortgage insurance is favorable. Call for more details.
