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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 ProfessorBaron.com “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

What is mortgage insurance?

With foreclosures still higher than usual, some may think mortgage insurance is a good idea for protecting their very big investment. But, as Justin McHood points out in his Zillow post “4 Things to Know About Mortgage Insurance,” motorshack this type of insurance is meant to protect the lender, not you. Some types of mortgages require insurance, while others do not. If you put less than 20 percent down on your mortgage, you may be required to pay a monthly insurance premium. If insurance is required, the lender will either have you pay the premium up front, or give you a higher ra...

October 8th, 2012 What is mortgage insurance?

Zillow offers refinance calculator

Those looking to purchase a home already know that right now is an ideal time with historically low mortgage rates. But those who are already homeowners often aren’t sure whether refinancing is worth the effort or not. Zillow.com is now making it much easier for homeowners to make that decision with its new refinance calculator Basically, if the amount you will save by refinancing is more than the cost of doing so, it may be worth it. Using the information you plug in, the calculator estimates the monthly mortgage payment, break-even point, and projected lifetime savings of the loan base...

October 8th, 2012 Zillow offers refinance calculator

Mortgage rates hit new record low!

As unbelievable as it may sound, mortgage rates have hit yet another record low! Freddie Mac announced today that  30-year mortgages are hovering around 3.40 percent – a new record low rate. At this time last year, the 30-year rate was about 4.01 percent. The dip in rates is the result of the Federal Reserve’s new stimulus, which is intended to spark the housing market. Pending home sales are down a bit from July, but they’re still well above the number in August of 2011. Call Acadia Lending to ask about buying or refinancing today!  

September 27th, 2012 Mortgage rates hit new record low!

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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