Posted by Amanda Bruen on 11/7/2017

Thereís many different myths about buying a home that may have been presented to you as fact. All of these rumors could have you believing that being a home owner is a dream. Here, weíll debunk some of the most common misconceptions about home buying and give you the tools to solve any issues that you may come across in the process of securing a home loan.


If You Donít Have 20% To Put Down On A Home, You Canít Buy


Many conventional loans do require a 20% down payment on a home. Thereís also many different loans available that may suit your needs. From Federal Housing Administration loans to Veteranís programs to down payment assistance programs, thereís many different things that can be done to help you buy a home. Keep in mind that any time you put less than 20% down, youíll need to provide additional mortgage insurance, also known as PMI or private mortgage insurance.  


If Your Credit Score Is Terrible Youíre Out Of Luck

If you want really good mortgage rates, having great credit is very important. If your credit score is low, your rates tend to be much higher. A really low credit score could keep you from getting a loan completely. FHA loans allow you to still qualify for a loan with a credit score as low as 580.


You Need To Make Bank To Get Money From The Bank


Monthly annual income is just one of the factors thatís considered when it comes to getting a loan to purchase a home. Your debts matter just as much if not more. People with significant credit card debt and other loans may be denied a home loan even if they have a substantial income. 


Youíre In The Clear If Youíre Pre-Qualified


Pre-qualification is much different than pre-approval. Pre-qualification involves giving your lender basic information about your finances in order to estimate how much of a loan you can get. This will give you a ballpark figure of about how much youíll be able to borrow. Of course, this is very helpful in the home search process, but youíre not done. To get pre-approved, youíll need a complete mortgage application in order to have your complete financial background check and credit rating.  


If Youíve Met One Real Estate Agent, Youíve Met Them All


This couldnít be further from the truth. Your relationship with your real estate agent is going to be quite close. Youíll need to share somewhat personal information in order to secure a house youíll love. Agents are involved in one of the biggest decisions that youíll ever make. Each agent has his or her specialties and knows different neighborhoods better than others. Definitely go with a real estate agent that you feel comfortable with and knows their stuff.  


Closing Costs Arenít Your Responsibility


Sometimes, sellers do pay the closing costs in the sale of a home. It all depends upon how the negotiations go with the home. Youíll need to be prepared for upfront costs in buying a home. These include a credit check, attorney fees and property insurance. As a buyer, youíll be paying anywhere between 2 and 5 percent of the purchase price of the home.  


Itís important to be prepared and to stay informed in order to make sound financial decisions throughout the process of purchasing a home. Everything will be that much more exciting when you have all of the pertinent information that youíll need.




Categories: Uncategorized  


Posted by Amanda Bruen on 11/6/2017


26 Porter, Haverhill, MA 01832

Single-Family

$218,000
Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Find yourself in the comfort and quality of this beautiful 3 bedroom, 117SqFt Colonial home with private driveway. Highlighting hardwood flooring and warm natural light, this inviting family home offers ample space for the everyone including living room with bay window, formal dining room, first floor master with 3/4 bath, main floor laundry and highly functional cook's kitchen. The fenced in yard and garden area make a perfect place to entertain or just relax. Welcome home! .Conveniently located near route 495, public transportation and shopping.
Open House
No scheduled Open Houses

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Posted by Amanda Bruen on 11/2/2017


54 Jenness St, Lowell, MA 01851

Multi-Family

$349,900
Price

2
Units
2,194
Approx. GLA
Charming, unique and well maintained two-family home in Upper Highlands that would be great for owner occupancy or an investment. The first-floor unit features two sizable bedrooms, office, large living/dining areas, kitchen, bath and three seasoned porch and plenty of storage throughout. The second floor also features 2 Bedroom, 1 bath, living room, dining room, office (bonus room), kitchen, pantry and a three-seasoned porch. Nice backyard with off street parking and a 2 car garage conveniently situated only minutes from Route 3, Route 495, the bus line and the train station. A commuters dream and close to Private and Public Schools! Easy to show, schedule your showing today!
Open House
Sunday
November 05 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 54 Jenness St, Lowell, MA 01851    Get Directions

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Posted by Amanda Bruen on 11/1/2017


974 Main St, Fremont, NH 03044

Single-Family

$289,900
Price

10
Rooms
3
Beds
2
Baths
It's easy to picture yourself in this move-in ready 4, possibly 5 bedroom, 2 bathroom Country Cape. Gather your friends and family to relax and enjoy the new custom made fire pit on cool evenings, or take a dip in the above ground pool with a deck on warm summer afternoons. The 1st floor features a large kitchen with dining area, living room with wood stove which is attractively set on a brick hearth, 1, possibly 2, bedrooms (1 currently being used as an office) as well as a 4 season room. Three bedrooms and a full bath are on the second floor. Recent updates include a newer roof, windows, newer furnace, new liner (2016), pool filter and pool pump (new bearings), as well as added French doors to the porch, pet access to the outside, a new tub upstairs, and lastly the bonus room in the basement is just about completed! Great location! Private, country living at it's best! Don't miss out on this amazing opportunity!
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Amanda Bruen on 11/1/2017


974 Main St, Fremont, NH 03044

Single-Family

$279,900
Price

10
Rooms
3
Beds
2
Baths
It's easy to picture yourself in this move-in ready 4, possibly 5 bedroom, 2 bathroom Country Cape. Gather your friends and family to relax and enjoy the new custom made fire pit on cool evenings, or take a dip in the above ground pool with a deck on warm summer afternoons. The 1st floor features a large kitchen with dining area, living room with wood stove which is attractively set on a brick hearth, 1, possibly 2, bedrooms (1 currently being used as an office) as well as a 4 season room. Three bedrooms and a full bath are on the second floor. Recent updates include a newer roof, windows, newer furnace, new liner (2016), pool filter and pool pump (new bearings), as well as added French doors to the porch, pet access to the outside, a new tub upstairs, and lastly the bonus room in the basement is just about completed! Great location! Private, country living at it's best! Don't miss out on this amazing opportunity!
Open House
No scheduled Open Houses

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Categories: Price Change  




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