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New Hampshire Foreclosures For Sale

"Our Experience Makes The Difference"

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For House Flippers
Motivated Sellers
The foreclosure process
How to buy bank owned REO real estate
How to find bank owned REO real estate for sale
The Short Sale
Who is representing your interests?
Last Months Sales Stats
Free CMA
First Time Buyers
Buyers Check List
Little /no money down
Things to consider before buying a house.
The Closing
Save on your Taxes
Mortgage Information
NH Laws
National Resources
Resources on the Web

Things to Consider Before Buying A House

For many people, buying a home is the single biggest investment they will make in a lifetime. The so-called "right time” is different for everyone. Before making a decision to buy a home, ask your lender to help you answer the following questions.

Download our First Time Homebuyers Seminar (in MS PowerPoint format)

Can You Qualify for a Mortgage?
Determine your debt-to-income ratio. If a loan program uses a 28/36 qualifying ratio, it means you are allowed to spend no more than 28% of your gross income on monthly mortgage payments, and no more than 36% on total debt. This includes debt such as car and school loans, credit cards, child support and alimony. If a person earns $60,000 per year, their monthly gross income is $5,000. Under the 28/36 guidelines, their maximum monthly mortgage payment should not exceed $1,400, while their total monthly debt should not exceed $1,800.

How Much Home Can You Afford?
Down payments are generally paid in cash, due at closing, and are based on a percentage of the selling price of the home. You can save money - between $20 to more than $100 a month — if you can make a down payment of 20% or more and avoid the cost of mortgage insurance. If you don't have 20% to put down on a home, don't worry. There are many affordable mortgage programs available, including loans that require little or no down payment. In addition, some veterans, active-duty military personnel and reservists are eligible for zero-down-payment programs.

How's Your Credit?
All lenders require a credit report that contains various personal financial data, including loan payment information, bank and credit card accounts and more. If you are interested in obtaining a copy of yours, you can call any one of the many credit bureaus throughout the United States.

Copyright 09/29/20 NH Foreclosures For Sale
Not all listings presented in this site are foreclosures. Some may be listings from Sellers who are motivated to sell quickly or sell the property "as is". These listings are easier to purchase than a foreclosure and may be as good or better deal than a foreclosure.
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Copyright © 2020 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NNEREN. The information being provided is for consumers´ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 29th, 2020
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