How important is a credit score?

  Before deciding on what terms lenders will offer you on a loan (which they base on the “risk” to them), they want to know two things about you: your ability to pay back the loan, and your willingness to pay back the loan. For the first, they look at your income-to-debt obligation ratio. ForContinue reading “How important is a credit score?”

Looking for a new Home in Maine Online

Real Estate Agents in Maine are finding new ways to generate business everyday Online. Studies indicate that over 80% of today’s home buyers visit the Internet long before seeking the professional assistance of a Real Estate Professional. Below are some popular sites  to visit and become familiar with  their features and benefits. Property Listings &Continue reading “Looking for a new Home in Maine Online”

The VA Lending Program is for active military, reserves and retired military.

Find out if you are eligible for a VA Home Loan If you are considering a VA Home Loan the fastest and easiest way to find out if you qualify is by connecting to a VA Home Loan Specialist who can help to determine your eligibility, qualification level and let you know what your optionsContinue reading “The VA Lending Program is for active military, reserves and retired military.”

Look What’s New for Maine Real Estate Financing!

Happy Friday the 13th, It’s still a great time to refinance and the purchase market couldn’t be better for a buyer. These rates are based on no points, rate and term refinance or a purchase, with qualifying income, loan to value and fico scores. ** FHA 30 Year Fixed 4.50% FHA 15 Year Fixed 3.875%Continue reading “Look What’s New for Maine Real Estate Financing!”

Distressed Sales Put Pressure on Prices

The national median existing single-family home price was $158,700 in the first quarter, down 4.6 percent from $166,400 in the first quarter of 2010. The median is where half sold for more and half sold for less. Distressed homes typically sold at a discount of about 20 percent, accounted for 39 percent of first quarterContinue reading “Distressed Sales Put Pressure on Prices”

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