More Homeowners Mortgage-Free Than Underwater

We so often hear about people being underwater on their mortgages, so who would have thought that more people actually have no mortgage debt at all? According to Zillow’s post “More Homeowners are Mortgage-Free Than Underwater,” there are more Americans who own their homes outright – about 21 million – than those who are in negative equity, or owe more than their home is worth – about 14 million. Similar to negative equity, the free-and-clear homeownership rate is largely driven by home values – but in a different way. Underwater borrowers are pulled to th...

January 14th, 2013 More Homeowners Mortgage-Free Than Underwater

Tips to Buy in 2013

With the new year comes new opportunity – which for many of you, means finally purchasing your own home! So now what? The blog post “Tips for Preparing to Buy in 2013” offers four easy steps for kicking off the process of becoming a homeowner, and while it’s a complicated and sometimes stressful experience, it’s well worth it in the end. Finding a home you love is often the easy part. It’s figuring out how to buy it that’s often the confusing part, which is why the first step should always be: Choose a lender. We can’t stress enough how important...

January 3rd, 2013 Tips to Buy in 2013

home prices continue to rise! recently announced that home values rose for the 12 consecutive month in October, up 1.1 percent from September and 4.7 percent from October 2011! The month-over increase is the highest its been since August 2005, which saw a 1.2 percent increase, and the year-over increase is the highest since September 2006, proving that the housing market is well on its way to recovery. “Skeptics will point to the large role that investors are playing in the recovery, or to the large number of foreclosures yet to hit the market, as factors to be wary of. But the bottom line is that homes ar...

November 27th, 2012 home prices continue to rise!

A home is an investment – Treat it like one!

When buying a home, people don’t always consider it an investment, but it is. It’s actually one of the most common, smart investments people make. But as in any other kind of investments, a home can be an asset, a good investment, or a liability, a bad investment. A Zillow post by “Is a Personal Residence an Investment?” breaks down what constitutes a good investment versus a bad investment when it comes to homes. As explained in the post, the definition of investment is “taking risk with capital in expectation of earning a profit.” So, a home ser...

November 5th, 2012 A home is an investment – Treat it like one!

One happy customer!

One of our clients and friends, Julia Bentley, recently became a homeowner once again. She and her husband documented their experience in a blog, in which Julia gave Acadia Lending a little  shout out: Heather Rose of Acadia Lending was our mortgage broker. Along with being one of my sister’s good friends and a genuinely sweet person, Heather is one hell of a mortgage broker. She worked hard to get us the lowest rate with a local lender and referred us to a local insurance agent when automated services had me tearing my hair out. She kept after the paperwork and those processing it. ...

October 30th, 2012 One happy customer!

How to snag a home that’s a good deal

With the housing market beginning to bounce back, it’s becoming harder to get a home in a desirable area below real estate value. There are still ways to get a home you love for less than top dollar, though, as Brendon Desimone points out in his blog post, “How to Buy a Home Below Current Real Estate Value.” If you’ve ever sold a house before, you know the perk to hiring an agent is that he or she know what’s best. If the agent tells you to paint the living room, pack up some clutter or replace the carpets before you should your home, you do. Except some people don’t, and that’s ...

October 23rd, 2012 How to snag a home that’s a good deal

Acadia Lending Group LLC

10 Donald B. Dean, Suite 2
South Portland , Maine 04106

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636


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