Blog

Steps to Improve Your Credit Score

Your Mortgage lender analyzes these five “steps” when considering your loan application and you can help the likelihood of being approved for a loan by knowing them. 

#1) Payment History: The Good can outweigh the Bad… pay your bills on time. Pay even if you are late – do not wait until it goes to  collections. The older a delinquent payment is the less it impacts your score.

The highest Credit score rate is 850. The best interest rates are given to those with scores above 740; a score under 620 is not
likely to get approved through a traditional mortgage lender.

For Sale by Owner Not Such a Great Deal!

You think you’re getting a great deal when you purchase a For Sale by Owner (FSBO) property, but buyer beware – things aren’t always as rosy as they seem.  Here’s a real-life example of just one of the many things that can go wrong.

I had a seller on the sale of a condo in the White Mountains. My seller listed their property with me and during the normal disclosure reported that they had no mortgage on the property. As the transaction moves forward and it comes time to close, we should expect a simple transaction and no lender to chase for a discharge, right? Wrong!

Private Road Bill Passes in NH

“Many times, in the past buyers have called about properties they want to view and potentially buy, only to find out that a financing option was not available due to the fact the access is on a private road. We have informed the sellers a solution which is to get everyone on the road to sign a joint maintenance agreement. This would state who would take care of the plowing, and general upkeep of the common road, and the financial responsibility. This document would need to be recorded and run with the property deed. The problem is not everyone is willing to do that, after all, why put yourself on the hook for this expense if your neighbor is willing to plow for free because that individual has a truck and plow?”

Guest Blog: Spring Home Shoppers No.1 Competitor: Their Budget

This spring's home shoppers expect less competition overall as more inventory continues to hit the market nationwide, but will struggle with affordability as home prices continue to rise, according to new survey data released today by realtor.com®, the Home of Home Search?. The survey also found, nearly half of shoppers this spring are looking for homes at or under $200,000, which despite less competition will prove difficult to find, as this one segment of housing has actually experienced the largest inventory decline year-over-year.  

Memorial Day

Guest blog from history.com:

Memorial Day is an American holiday, observed on the last Monday of May, honoring the men and women who died while serving in the U.S. military. Memorial Day 2019 occurs on Monday, May [...]

Spring Yard Clean Up

We survived through the very long winter and I, for one, am so happy that Spring is finally here. I'm looking forward to longer days, warmer weather, spring flowers and enjoying time outdoors. Now that most of the snow has melted we are left with the remains of our Fall yard work this could be a good or bad thing depending on how much work you did several months ago. But, with newly thawed you’ll realize that the spring clean-up doesn’t have to be that bad. It just requires breaking down the tasks that must be done and having the right tools for the job. Through a series of simple steps and before you know it your yard will look spectacular and you will truly earn your summer! 

What is Mold?

 

 

We often think of mold as either a horrid musky smell often associated with older homes and basements or, we see the once light-colored shower grout is now black, YUCK!  Mold grows undetected. Most people don’t realize they have a problem because they can’t see it at the beginning or ever.  Mold is not visible until it creates a [...]

Spring Cleaning the Inside of Your Home

Spring has arrived and a deep spring clean-up is a must after a long winter when our homes have been completely closed up. Beyond the obvious regular cleaning tasks, here are a few hacks to use for a deep cleaning.

Use lemon to remove wet stains; rub one half of a lemon stains. The citric acid helps remove hard water marks. Remove water stains with lemon for a natural faucet fix.

Equity Builder Program = Down Payment Assistance

Three local New Hampshire banks have once again been selected to participate in the 2019 Federal Home Loan Bank of Boston’s (FHLBB) Equity Builder Program (EBP); Bank of New Hampshire, Franklin Savings Bank and Woodsville Guaranty Savings Bank. This program offers members grants to provide down-payment, closing-cost, and rehabilitation assistance and homebuyer counseling to households with incomes at or below 80% of the area median income.