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5 Things To Do As Soon As You Move In!

If you’re a new homeowner, it probably feels like there are a million things that need to be done. But before you get to the rest of your to-do list, there are several things you should make sure you do ASAP. In her blog post “5 Things to Do When You First Move In,” Erika Riggs prioritizes the essentials for new homeowners. 1. Change locks. This may seem like a no-brainer, but many homeowners actually put this off, assuming they have the only sets of keys out there. Make sure to change the locks as soon as possible to avoid any risk. 2. Re-program garage door opener. Again, better to pla...

December 6th, 2011 5 Things To Do As Soon As You Move In!

What’s Your Buyer IQ?

Zillow recently released the results to their Buyer IQ Test, which tested potential home buyers to see how familiar they are with the home buying process. Much of home buying is undoubtedly confusing, but those who participated in the survey did pretty well (see results below). One surprising result, was that 42 percent of buyers thought that home values appreciate an average of 7 percent a year. In reality, home appreciate an average of 2 to 5 percent a year.  

November 1st, 2011 What’s Your Buyer IQ?

Major Changes to The Home Affordable Refinance Program

This week the federal government and the Federal Housing Finance Agency announced some major changes to the Home Affordable Refinance Program (HARP), which aims at helping underwater homeowners. Changes from this overhaul include: No underwater limits: Loan-to-value limits were previously set at 125 percent. Now homeowners will be able to refinance regardless of how much their home’s value has dropped – but the LTV must be above 80 percent. No appraisals or underwriting: In most cases, appraisals will no longer be needed, and loans will not have to be underwritten. This will make the ...

October 25th, 2011 Major Changes to The Home Affordable Refinance Program

Reject for a mortgage? Don’t give up!

If you’ve recently been rejected for a mortgage or refinance, you’re not alone, and you shouldn’t give up. Standards for borrowing have tightened, but that doesn’t mean you should give up on this prime time to buy. In her blog post, “Rejected For A Mortgage Loan? Here’s What You Need To Do,” Vivian Giang offers advice for those who have been rejected. First, Giang says find out why you were rejected. The Equal Credit Opportunity Act requires lenders to inform potential borrowers of the reasons why they were rejected in writing within 30 days. Then you should make an appointment w...

October 18th, 2011 Reject for a mortgage? Don’t give up!

It’s All About The Numbers…

Recently there’s been a lot of talk about financial goals and being financially responsible, but many of us don’t really know what those goals are, or what being responsible means. Besides checking your credit score, it can be difficult to gauge where you match up to others. In her blog post “Money by the Numbers,” Vera Gibbons throws out some numbers that money-conscientious people can use as guidelines to decide what they need to do to reach financial goals. 0 percent. Ideally, you should owe credit card companies zero percent of your take-home pay. In other words, you should pay off...

October 11th, 2011 It’s All About The Numbers…

mortgage checklist for first time buyers

Hey, first time home buyers – Check out this mortgage checklist from Zillow. It helps break the complex process of getting a mortgage down into steps that are manageable, and it will help you make sure you don’t miss anything. Check it out!

October 5th, 2011 mortgage checklist for first time buyers

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636

 

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