Turn Times

Pit Crews measure their success by how fast and efficient they can get their card in and out of a pit stop with a full service. Races are won and lost by the turn time.

What does this have to do with mortgages? Currently lenders are experiencing a high amount of production due to the lower rates and lower home prices. This causes delays. It is the originators job to make sure he/she knows the lenders turn times to be able to guide you with advice in regard to how long you should lock your rate with the lender. A 30 day lock is not much good if it takes the lender 18 days to review your file and another 7 to clear up any outstanding conditions as you won't have time to get the appraisal, title, etc... in to them in time. In that case you would need a 45 or 60 day lock. Lenders are requiring 3rd party verification of income and for many this is executing a 4506-T -- Request for Tax Transcripts through the IRS to make sure what you are showing for income is what you have declared with IRS through your tax filings. This takes time and the more lender utilizing this slows this process down. Originators should be able to see this obstacle coming up and guide you through the process.

For more information visit our website at: http://new-hampshire-home-mortgage.com

Live Large!

This is a quote from a paperback hero I had as a kid, I can't remember anything about the book except my hero never gave up, always won, and he Lived Large. Of course for him it meant life on the edge every minute. For the rest of us I don't think we have to go that far. But you need to live and enjoy the moment. My family planted our perennial garden this weekend in front of our home and I was struck by the joy of being able to learn about gardening with my family. All made possible by home ownership and it struck me that in my own way I am Living Large. Large in love for my family and the enjoyment we have in our yard.

The point is renting is good but there is something about pride of ownership that lets you Live Large.

Contact me via my website to find out how you can Live Large! at http://www.new-hampshire-home-mortgage.com

Purchases

Financing Options:

100% Financing USDA Rural Development -- Income and Geographic limitations down to a 620 Credit Score

96.5% FHA -- No Income Limits Purchase Price Limitations

1% Down Payment with New Hampshire Housing Finance Authority combined with FHA or USDA Rural Development

5% Down Payment Conventional Financing -- can be combined with a Reduced Mortgage Insurance for an additional 1% fee

Reverse Mortgage purchase for clients over 62 years old

YES we have your programs available! For more information contact us via our web site at http://www.new-hampshire-home-mortgage.com