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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 These assumptions are often based on outdated assumptions or generalizations that can hinder a buyer from finding the perfect home.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!

A Few No-Nos for First-Time Home Buyers

In a Zillow blog post, “First-Time Home Buyer? Here’s What Not to Do,” the staff of the financial website LearnVest offers some sound advice for first-time homeowners who are feeling the pressure to buy now while mortgage rates are low. While you definitely should take advantage of the mortgage if you can, LearnVest has three things you shouldn’t do in the process. 1. Don’t buy a house if you aren’t sure you’ll stay for long. Experts suggest buying based on a five-year forecast. In other words, you should make sure that you want to stay put for at leas...

March 11th, 2013 A Few No-Nos for First-Time Home Buyers

Home Values up 6.2% from Jan. 2012

Average national home values rose to $158,100 last month, up 0.7 percent from December and 6.2 percent from January 2012, according to the January Zillow Real Estate Market Reports. According to a Zillow blog post from Feb. 21, January marked the 15th consecutive month of home value gains. “The 6.2 percent annual gain is the largest since July 2006, when home values rose 7.5 percent year-over-year. The last time national home values were at this level was in June 2004,” the post reads. The continued rise in home values assures that less Americans will be underwater on their mortgages – o...

February 22nd, 2013 Home Values up 6.2% from Jan. 2012

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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