Archive for the ‘Buying’ Category:

203k renovation loan; What to look for when buying your New Hampshire home

By Bill Somerset on May 1st, 2012
How to use a FHA 203k loan and what requirements for items you might overlook when searching for your new home   A 203k loan is simply a FHA loan with a twist. An ordinary FHA loan referred to as a 203(b) in the mortgage industry. Adding renovation or improvement costs to the loan you ... [Continue Reading]

7 Reasons to Own Your Home

By Bill Somerset on April 16th, 2011
1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home. 2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average ... [Continue Reading]

HUD Good Neighbor Next Door Program. What is it, and how can it help you?

By Bill Somerset on March 31st, 2011
Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days. ... [Continue Reading]

Avalar Advantage Real Estate is now a HUD registered broker!

By Bill Somerset on March 28th, 2011
HUD homes can be a very good deal. When someone with a HUD insured mortgage can’t meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then they sell it at market value as quickly as possible. ... [Continue Reading]

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