Avoiding Financial Stress
Avoiding Financial Stress
By asking the right questions, and knowing exactly what you have in mind for a home, will help you to determine what type of loan you'll need a bit easier. There are certain approaches that you can take while mortgage shopping that may cost or save you money.
It is still true that an excellent credit score equates to a lower mortgage interest rate. However, there are a variety of mortgages available for almost everyone; it's the interest rates and/or the down payments that vary.
Before speaking with a lender, think about the monthly dollar amount you would feel comfortable with. When you're ready to discuss and determine what your maximum affordability is with your lender, you'll be prepared to quickly decide on a home price range and the monthly payment that works for you. Do not put yourself in the position where you will have a monthly payment that is beyond your comfort zone just because a property looks and feels like your dream home. In other words, you don't want to be stuck with a monthly mortgage payment you're going to regret down the road.
Do your research on the types of mortgages that are available and find the one that best suits your particular needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual case:
- What type of market are you in? Are the interest rates falling or rising?
- Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
- What are your long-term goals? Is your home purchase intended to be a long or short-term investment? In other words, your mortgage term choice should be based upon your anticipated ownership timeframe?
Click Here to Contact Me for Assistance
MARK SIMPSON, Assoc. Broker/REALTOR®
Licensed in NH & ME
Cell: 603-370-0253
simpsonrealty@comcast.net
Serving Your Real Estate Needs Throughout The Greater Seacoast Regions Of Southern New Hampshire & Southeastern Maine
- Referral Assistance: I'd be happy to assist you with locating a real estate professional proficient in any areas of the country that may be located beyond the scope of my coverage.
Testimonials
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Mark is amazing! He made the whole process of buying a house in a different state so easy, eased our stress! He works with great integrity from how he dealt with us! We will definitely call Mark again for buying another home or selling ours!
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- Grace Mary Stanley
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Mark was great to work with. He took pride in assisting us and was there for us whenever we needed anything.
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- Nicholas Riley Young
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Mark has been incredible! My family and I have been working with him for over 15 years. He knows the market and New England area, he is very professional, approachable and has outstanding communication skills. Thank you!
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- Igor A. Vladimirov
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He was excellent with every detail
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- Claudia Patricia Young
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Simply said, Mark is the best!
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- Sophye M. Zoukee
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Mark is very professional, knowledgeable, & wonderful to work with.
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- Linda Bridges, Personal Representative
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Great communication and insight was provided by Mark.
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- Stanley Cherian
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Mark was recommended by our lawyer, Jack McGee. From the moment we met Mark and Kelly, we found them to be very nice, honest, and helpful. We felt very comfortable with them and felt that they would work hard to get us the best price for our house as they could. We live in Massachusetts and the house we were selling is in Portsmouth, N.H. so I made a lot of calls to Mark with questions that I had, and he always answered when I called and always either had the answer right then or would find the answer and get right back to me. We felt that we could trust him, as he was always respectful of us and of the house that he knew held a lot of memories for me. We would recommend Mark very highly, and we appreciate everything he did for us. Sincerely, Sharon and Don Foss w
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- Sharon Foss, Trustee
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Mark was our agent when we purchased the condo many years ago. We were very pleased to have him represent us as our agent again. Charlie and Lorilee Buzby
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- Lorilee A. Buzby
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