Porcupine Real Estate Blog
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For many Free Staters, one of the most important features when looking for a home in New Hampshire is acreage. But the downside of all that peace and space to roam can be a burdensome property tax bill. But New Hampshire has a way to save on taxes if you own more than 10 acres: “current use.” What is “current…
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If you’re thinking about buying a home, it’s imperative that you get pre-approved for a mortgage before you start your search. While getting pre-approved can be tedious, it is a critical step that allows you to be ready to jump on making an offer as soon as you find the home of your dreams. It also serves to let the…
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You might have heard the words “pre-approval” before, especially if you’ve just started your home search. What, exactly, is a pre-approval, and why do you need it? Below, we will answer some common questions about being pre-approved. What is a pre-approval? Getting pre-approved means that a lender lets you know the maximum price you can spend on a home, based…
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While you might have a long list of things you appreciate about your new home, your lender may not agree. They don’t care if it has a pizza oven, jacuzzi tub, or patio that is perfect for outdoor gatherings. They do care if the home you are buying is worth what you’re paying. If there is ever a point where…
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We all know that New Hampshire is the Free State. But, when faced with moving to a new state, why, exactly, do people pick New Hampshire? Here are some reasons from movers to the Free State: great community and economy New Hampshire’s aesthetics and the state’s laws everyone is very friendly no income tax or sales tax income-earning potential was…
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Radon Levels by Town
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Many buyers have questions when it comes to buying a home, but one of the most frequent we hear is: What does it cost? The Downpayment The amount of money you pay towards the home purchase upfront is the down payment. For example, if you are using a conventional loan and putting 5% down on a $400,000 property, your downpayment…
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The novel coronavirus found a new way to disrupt lives: starting this week, home buyers applying for a new mortgage with JP Morgan, the nation’s fourth-largest mortgage lender, will need a credit score of at least 700Â and will have to make a down payment equal to 20% of the home’s value. This is just one lender’s new policy; traditional FHA,…
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Many buyers, especially first-time home buyers and new-to-New Hampshire buyers, are unsure of what costs go into owning a home. Following are some examples of expenses you may incur when you own a home or investment property in New Hampshire. Single-family home expenses:Â Property taxes –Â Tax rates vary widely from town to town. Keep an eye on that when looking…
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Buying a home can be a little overwhelming – where do you even start? We’ve put together the five top things you should do before you start seeing homes for sale: 1. Get pre-approved for financing. We suggest going with a local, New Hampshire-based lender. If you are buying an investment property, this type of financing will work for 1-4…
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