What documents are needed for your Maine Home Loan?

Document Checklist and Instructions A properly documented loan application makes your loan process go smoothly. This checklist will help you gather your paperwork. Complete and sign the residential loan application, Form 1003, and the attached loan info sheet, credit authorization and fair lending notice. Page 4 of the application is a continuation page in caseContinue reading “What documents are needed for your Maine Home Loan?”

Be prepared – documents you’ll need to apply for a mortgage

When applying for a Maine Home Loan, it’s very important to start putting together all of the documents needed to be approved for your loan.  Long gone are the days of no doc/limited doc home loans.  Borrowers now must provide much more information to prove to your Maine Mortgage Specialist that they do qualify forContinue reading “Be prepared – documents you’ll need to apply for a mortgage”

10 Mistakes to Avoid when Shopping for Home Loans in Maine

10 Mistakes to Avoid when Shopping for Home Loans Home-buying in Maine should be one of the most exciting experiences of your life. At the same time, it is important not to let the excitement overcome your better judgement. If you just avoid some common mistakes, you can be as excited about your decision tenContinue reading “10 Mistakes to Avoid when Shopping for Home Loans in Maine”

Five Key Questions to Ask Your Mortgage Specialist.

Know the answers to these questions before you sign on the dotted line. Now more than ever, Americans are discovering the importance of having a handle on their finances. Budgeting projected monthly expenses and future investments helps consumers determine whether or not home ownership is financially feasible. By addressing the following key questions with oneContinue reading “Five Key Questions to Ask Your Mortgage Specialist.”

Reverse Mortgage to BUY A NEW HOME with NO PAYMENTS!

Senior adults: use a Reverse Mortgage to BUY A NEW HOME with NO PAYMENTS! The reverse mortgage enables seniors 62 and older to finance the purchase of a home with no repayment for as long as they live in their home.  For example: A senior homeowner with a $175,000 home is finding it increasingly difficultContinue reading “Reverse Mortgage to BUY A NEW HOME with NO PAYMENTS!”

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