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Home Buying in Newington : Real Estate Advice

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Activity 4
Wed Oct 19, 2016
Oceanfrontclp answered:
We are thinking of buying a Condex in NH, they are separate houses and lots, we just share a drive way. However on the lot map is states limited common area on both properties. Whatâ™s the purpose? We have 3/4’s of an acre and they have 1/2 an acre. ... more
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Fri Jun 5, 2015
Casey Stewart answered:
Your best bet would be to talk to another mortgage provider in your area (or two or three) to get a second opinion. I'm not a mortgage expert, just an agent, but if you're trying to buy a new home with an FHA loan but you already have an existing FHA loan, you can only have one FHA loan at a time. One possible solution would be to refinance your home in MA to a different type of loan to make you eligible again for an FHA loan on the new house. Some banks may also have low down payment options that will be more affordable for you, though, so be sure to check out your options before you move forward with the new home purchase. ... more
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Sun Jul 25, 2010
Ken Lambert answered:
Are you looking at a single family? If so, and you want to use it during the summers as a vacation place for yourself then obviously you are severely limiting you tenant pool as people can only live there 9-10 months a year. Where do they go in June/ July? Portsmouth is not an area with a lot of college students- where this theory might have worked a little better. Just a couple thoughts...
I own a couple investment properties; and also am a mortgage loan officer in NH. If you need any help, feel free to contact me. Thanks and good luck,

Ken L.
... more
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Mon May 17, 2010
Ken Lambert answered:
Hello Buyer- It seems their counter was equal to their list price + $6k to help you with your closing costs, plus an extra $1k for them. Interesting math...
Good answers below. I�39;m also a loan officer- and I see it all the time. Any answers/ contract approvals, signatures etc from a lender (bank of a short sale) usually take 2-3 weeks. In a regular private sale, you'd get an answer in 1-2 biz days.
You should have another home- that is not a short sale- you are working on also at the same time, as a fall back.
Thanks and good luck,
Ken L.
... more
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