mortgage: New Hampshire 100% Financing - Rural Housing Program - 04/23/09 01:36 PM
USDA (United States Department of Agriculture) -
 Rural Development Housing and Community Facilities Program (HCFP)
A common barrier to owning a home for many individuals and families is the lack of funds to make a down payment.  The USDA offers a 100% financing options for qualified buyers who want to purchase properties in rural areas.  To be eligible for this program, you must be unable to obtain a mortgage from another source.  In most cases, this requirement will be satisfied if you do not have a down payment. 
The program is not limited to first-time home buyers.  To determine if you qualify, contact a participating … (0 comments)

mortgage: What Buyers Need to Know About the New FHA Financing - 02/02/09 02:00 AM
There have been some important changes to FHA financing, resulting in more buyers being able to qualify. Here are some important facts.
No Income LimitBuyers in higher income brackets can now take advantage of FHA financing.
Low Down PaymentYou can purchase with 3.5% down and those funds can be gifted to you from a family member. Your family member simply needs to provide verification that they already had the funds in their account.
Seller ContributionsYou may ask the seller to pay up to 6% of closing costs, points, and/or pre-paids. Your closings costs may not total 6%, so be sure to … (2 comments)

mortgage: Top Ten Things First Home Buyers Must Know Now - 01/17/09 01:43 AM
The Media Has Not Told You The Truth
As a potential first home buyer, you deserve to know what mortgage options are available so that you can make an informed decision.  The FHA (Federal Housing Authority) offers great programs. The following list details some important facts. 
1.  You can qualify for a mortgage with 3.5% down (FHA) - most economists and the press, certainly not industry experts, are telling you need a 10-20% down payment.  NOT TRUE!
2.  You can qualify with a 580 credit score (FHA) - again, those ill-informed sources say 700+ scores. NOT TRUE!
3.  You will receive a $7500 tax … (1 comments)

mortgage: Eavesdropping at a Cafe - 01/03/09 01:05 PM
Great Food, Enlightening Conversation 
I just came back from dinner at a local bistro where in very close quarters you can't help but hear the next table's conversation.  There were two couples, young professionals (late 20's) having a drink while waiting for dinner.  My antennas went up when one young man said to the other couple, "I was called today by my lender to alert us as to the possibility of refinancing our mortgage at 4.75%.  Since we have a 30 year fixed rate at 6.5%, I told him that we would surely be interested."   He went on to say "he told … (5 comments)

mortgage: The NAR Call To Action - Do You Believe This Represents Our Interests? - 12/16/08 11:53 PM
This recent communication from NAR indicates that 90,000 of our membership have contacted their representatives regarding our association's position on the housing crisis.

Regardless of your political point of view, it is important for all of us to contact our elected officials and articulate our thoughts.  If our industry membership does not respond with opinions, ideas, and positions regarding the crisis, decisions will me made based on the advice and lobbying of others.
Contact your Senators and Congressmen today!
 
(5 comments)

 
Fred Doleac, Real Estate in a Virtual World (Fred Doleac - Bean Group)

Fred Doleac

Real Estate in a Virtual World

Amherst, NH

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Fred Doleac - Bean Group

Address: 55 Ponemah Rd., Amherst, NH, 03031

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Experience the Future of Real Estate Today - A view of the new real estate economy where the integration of technology, consumer preferences and communication are the critical elements of success. I explore the sales process, training, tools, laws, ethics, motivation of agents, Broker/Owners and consumers.


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