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Tips to help you save for a down payment

Mortgage rates and home values are on the rise, and you want to take advantage of the ideal buyer’s market while you still can. The only problem is you don’t have enough money for a down payment. In the Zillow blog post “5 Tips to Help You Save for a Down Payment,” Benjamin Feldman offers some guidelines for saving a big chuck of money to put down on your dream home. Know how much you need. Down payments range from 3.5 percent to 20 percent. On a $400,000 home, that could be anywhere from $14,000 to $80,000. The first step is figuring out what your price range is, and w...

August 26th, 2013 Tips to help you save for a down payment

Real Estate Trends for the Summer

In her blog post “4 Real Estate Trends for Summer 2013,” Vera Gibbons offers a look at what the summer may hold for potential home buyers, as they set out into the world of real estate during the busiest time of the year. Low Mortgage Rates. While the economy is starting to pick up, the Federal Reserve is keeping rates low to help keep the housing market well on its way to a full recovery. Little Inventory. With mortgage rates still low, foreclosures down and more people back to work, people finally feel financially secure enough to consider buying a house. But at the same time, se...

June 7th, 2013 Real Estate Trends for the Summer

Is an FHA-backed Loan the Right Option for You?

Rick Grant in a recent Zillow blog post does a good job looking at the Federal Housing Administration’s mortgage product, the FHA-insured loan, and why it may or may not be right for each buyer. The FHA-backed loan was established to help certain borrowers, such a first-time home buyers or low-income buyers, get approved for a loan when they otherwise may not. The loan is especially attractive to first-time buyers because it requires as little at 3.5 percent down. But, as Grant discusses, many people received loans who likely shouldn’t have during the sub-prime mortgage crisis of 2...

May 21st, 2013 Is an FHA-backed Loan the Right Option for You?

10 Common Mortgage Misconceptions

In a Zillow blog post, “10 Mortgage Misconceptions,” Alison Paoli does a great job shedding light on some misconceptions people often have when it comes to mortgages, which can definitely cost them in the long run. Your interest rate reflects the true cost of your mortgage. Your annual percentage rate (APR) actually the figure that represents the cost of your mortgage, as it factors in all fees that you will pay each month. As Paoli explains, “It is inclusive of your interest rate, points, mortgage insurance (when applicable) and other fees, including origination and underwri...

May 20th, 2013 10 Common Mortgage Misconceptions

Real estate myths for April Fool’s Day!

In honor of April Fool’s Day, Brendon Desimone takes a look at the myths that often trick potential sellers and buyers in a Zillow¬† blog post, “Don’t Be Fooled By These 3 Real Estate Myths.” These assumptions are often based on outdated assumptions or generalizations that can hinder a buyer from finding the perfect home. Myth 1: The best time to sell a home is in the spring. According to Desimone, this assumption is tied to the idea that families want to move during the summer, and therefore start looking in the spring. While there are more homes for sale in the spring...

April 4th, 2013 Real estate myths for April Fool’s Day!

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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