Checklist To Buying A Home

In honor of the Southern Maine Spring Market and all the new buyers, I thought it would be helpful to review a standard checklist on what to expect when purchasing a home in Maine. Depending on the location and type of property will determine the finer details of purchase.  For this article, I will presentContinue reading “Checklist To Buying A Home”

3 Terms Every Mortgage Holder Should Know

Getting a mortgage can be a very confusing process. There is a lot of paperwork to sign, documents to read and procedures to be followed. You’d think you were applying to go to Harvard or Yale, except they don’t require that much paperwork for you to be admitted! Going into a mortgage knowing just aContinue reading “3 Terms Every Mortgage Holder Should Know”

FHA – to the Rescue?

With the recent Sub Prime Mortgage meltdown, FHA is now the big player nationwide. FHA loans came into existence in the 1930’s during the Great Depression  in order to allow lower income Americans to borrow money for the purchase of a home. The government program was intended to provide banks with adequate insurance to insureContinue reading “FHA – to the Rescue?”

Can Maine Save the USDA RD Mortgage?

The USDA Rural Development Loan is a congressional funded program. Due to the fact they are obviously showing interest in other issues at this time, we must contact them immediately explaining (and reminding them of) the obvious impacts.  We have an obligation as tax paying citizens to voice our concerns and displeasures to our local Senators and Congressman.  We haveContinue reading “Can Maine Save the USDA RD Mortgage?”

Maine Home Equity Line – Good or Bad?

What is a home equity loan? A home equity loan is a form of credit for which your home is pledged as collateral. Generally, home equity loans offer a fixed interest rate and a fixed monthly payment. A standard home equity loan (also called a second mortgage) is paid off over an extended period ofContinue reading “Maine Home Equity Line – Good or Bad?”

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