Tag Archives for " buying "

October 11, 2017

Sealing the deal: How to Get a Mortgage

Buying a South Hudson NH home can be extremely stressful, especially when the home of your dreams costs more than you can afford. Luckily for you there are a few ways to get the most out of your money, and we are here to help you. Here are some important tips on how to get a mortgage,.

We will always stand by your decision as it's yours to make but we will guide you along the way. It's nice to be able to go out to dinner or buy a new pair of shoes and not just live for a house too.

How Much Can I Afford To Borrow for a South Hudson NH Mortgage?

Your credit, income, debt-to-income ratio, the size of your down payment, your employment and residence history are all factors in how much you can borrow for a mortgage. Be cautious when you get  a mortgage because the amount you are able to borrow can exceed the amount you can afford.

What Are My Upfront Costs?

Some costs associated with buying a Hudson NH home start to appear before you even make a payment on your mortgage. These include:

Mortgage Application Fees

When you apply for a mortgage there are always fees. Application fees include service fees, which can be flat fees, or they can be a % of the total purchase price. Application fees include the appraisal, credit report fees, title insurance, flood certification fees, lawyer costs, points, as well as application, processing and underwriting fees. Depending on the company you choose to work with they can show up differently on the closing statement.

Earnest Money
Earnest Money is an initial deposit to be paid into an escrow account once your offer is accepted. This is also known as a “good faith deposit” which may influence the seller's decision on whether to accept your offer. The more you put down, the more serious your offer will appear to the seller.

Down Payment
You can get better mortgage rates by having a larger mortgage down payment. Down payments range from 0% to 20% or more of the total cost of the South Hudson NH home you decide to purchase. Some people put down 20% in order to remove the cost of the Mortgage Insurance Premium. Paying mortgage points up front can also help lower your payments.

Closing Costs
Final closing costs can range from a flat fee to a percentage of the total loan amount, depending on your mortgage and the agreement with the seller. Sometimes closing costs can be rolled into the mortgage loan amount which means you can pay it through your mortgage. The other option is to ask the seller if they are willing to pay some of the closing costs in your offer, if the market will accept it.

Closing costs can include:

  • Mortgage Application Fees
  • Mortgage Points
  • Title Insurance and Title Search
  • Escrow Deposits
  • Attorney’s Fees
  • Inspection and Surveys
  • City Recording Fees

Don’t let this list of closing costs worry you because they are all paid at closing and can be estimated by the lender upfront to give you an idea of what will be needed in the transaction.

Home Ownership Expenses
Owning a South Hudson home requires financial commitment far beyond your monthly mortgage payment. You will also be required to pay your mortgage insurance, home insurance, utilities, repairs, and property taxes. Make sure to take all of these costs into account when you are deciding how much you can afford to borrow to buy your new home. It is crucial that you consider all of these costs before you decide to get a mortgage.

Planning And Saving Tips

If you are still saving for your new home, here are some helpful tips for you:

  • Maintaining a reliable income improves your standing with lenders
  • Paying your bills on time and limiting your monthly debt helps improve your credit score
  • Saving for a larger down payment can lower APR and payments
  • Combining your stated income with a partner or spouse can help you afford more
  • You want your mortgage payment to be less than a third of your income


Building up your finances and your credit rating before you buy a South Hudson NH home will help you to afford more when you decide to purchase. It can also help you compete with other buyers for the home that you want. This will make owning your new home easier to manage!

For more information on How to Get a Mortgage for a South Hudson NH home for sale give our agents at a call at Harmony Real Estate at (603) 883-8840. We would love to help you find your South Hudson NH dream home!

Buying a new home can be extremely stressful, especially when the home of your dreams costs more than you have to spend. Luckily for you there are a few ways of getting around that, and I am going to help.



How Much Mortgage Can I Afford To Borrow?

Your credit history, income, the size of your down payment, and your employment and residence history are all factors in how much mortgage you can borrow. Be sure you borrow cautiously because the amount you are able to borrow can very well exceed the amount you can afford to borrow!


What To Will I Need To Pay Upfront?

Some costs associated with buying a home appear before you start making regular payments on your mortgage. These include:


Mortgage Application Fees

When you apply for to take out a mortgage there are always fees. Application fees include service fees, which can be flat fees, or they can be 1% or 2% of the total purchase price. Application fees also include an appraisal, and credit reporting fees. They may be worked into the total closing costs, depending on the company.


Earnest Money
Earnest Money is an initial deposit to be paid to the seller if your offer is accepted. This is also known as a “good faith deposit” which may influence the seller's decision.



Down Payment
You can usually get better mortgage rates by paying a higher mortgage down payment. Down payments rance from 0% to 20% or more of the total cost of the home you decide to purchase. Most people put down 15% to 20%. Paying mortgage points up front can also help lower your payments.



Closing Costs
Final closing costs typically range from 2% to 4% of the total loan amount. Closing costs can sometimes be added into the mortgage loan amount which means you can just pay it as you are paying your mortgage.


Closing costs can include:

  • Mortgage Application Fees

  • Mortgage Points

  • Title Insurance and Title Search

  • Escrow Deposits

  • Attorney’s Fees

  • Inspection and Surveys

  • City Recording Fees.

Don’t let the long list of fees worry you because they are all paid at once and can be estimated by the lender upfront.


Home Ownership Expenses
Owning a home requires financial commitment far beyond your monthly mortgage payment. You will also be required to pay your mortgage insurance, home insurance, utilities, repairs, and your property taxes. Make sure you take all of these costs into mind when you are asking yourself how much you can afford when thinking of buying a new home. It is crucial that you are informed of these costs before you decide to take out a mortgage.



Planning And Saving Tips

If you are still saving for your new home, here are some extra tips that could be helpful for you:



  • Maintaining a reliable and regular income improves your standing with lenders

  • Consistently paying your bills and limiting your monthly debt help improve your credit score

  • Saving for a higher down payment can lower APR and payments

  • Combining your stated income with a partner or spouse can be to your advantage

  • You want your mortgage payments alone to be less than 28% of your income



Building your finances and your credit rating before you buy will help you to afford more homes. Also, it can help you compete better with other buyers for the home that you want, as well as making it easier to handle the costs of buying a home. This may also make owning your new home easier to mangage!




October 4, 2017

Reasons for Buying a South Hudson NH House for Sale Now

Buying a South Hudson NH house for sale

Are you thinking of buying a South Hudson NH house for sale?

If you are planning to relocate to the Southern New Hampshire area and would like a house close to Massachusetts or Nashua, NH, there are many good homes to choose from. Many of these communities are quiet and perfect for raising a family.

If you are looking for a friendly community with great schools, fantastic restaurants, and caring neighbors you may want to consider a home in South Hudson, NH. In South Hudson, you will find the perfect house for you and your family. If you are seeking land and privacy you have come to the right place.

The South Hudson Community

Just 45 minutes North of Boston, and less than 5 minutes from the south end of Nashua, South Hudson offers many different styles of homes such as Ranches, Colonials and Split levels as well as Gambrel’s, Capes and Saltbox homes.

South Hudson is just miles away from The Pheasant Lane Mall, which is one of the largest retail clusters in New England. So if you ever need some shopping therapy you will love this location. With NO SALES TAX in New Hampshire you will enjoy your shopping conveniences without restrictions.

If you need to be close to Massachusetts for family, or work but don’t want the hassle of expensive living in Massachusetts, South Hudson is an awesome choice for you. Many of the neighborhoods have homes with an acre of land or more. In 2017 the prices of single family homes in South Hudson ranged from $190,000 to $599,000 with a median sold price of $335,000, while condos range from $159,900 to $259,000 with a median sold price of $177,500.

What Do Houses in South Hudson NH have to Offer?

The residents in the town of Hudson don’t just love the location, but the town itself. Hudson is very community based with a group of wonderful residents. There is a beautiful pond to the right of Route 102 where you can swim, fish, ice skate, or boat year round. Robinson Pond is for town residents only. There are also two golf courses, and Benson’s Park which is an old zoo renovated into a gorgeous park with many trails and a newly built playground, as well as a fenced in area for dogs to enjoy the outdoors as well!

South Hudson has neighborhoods with newer single family homes, and older neighborhoods with homes for a first time buyer to middle or upper-class families. It is a desired area being so close to the highway, and Massachusetts.

Hudson has wonderful schools being a part of the SAU 81 school district. Hudson has several Elementary Schools. Nottingham West Elementary, which is the primary elementary school for South Hudson has a 7 out of 10 Great! Schools rating, making them one of the top two elementary schools in Hudson.

Buying a South Hudson NH House For Sale?

There are many wonderful homes in this area, new and old, and very many different styles to choose from. Whether you’re seeking a large home, or a small home, we can find one that suits all of your needs! Let us help you find your dream home right here in South Hudson, New Hampshire.

Are you looking for a newly constructed or renovated home, or a single family home with a private backyard? Are you seeking an affordable house with low taxes?

With so many different choices, we can help you find the perfect South Hudson house for sale, no matter what you want. The South Hudson neighborhood has everything you are looking for.

If you would like to discuss buying a South Hudson house for sale, contact our office, Harmony Real Estate at (603) 883-8840 and speak with one of our qualified agents. Visit our website at www.Harmony-RE.com for a list of all the homes available in South Hudson, New Hampshire.

Are you looking for a house for sale here in South Hudson? Let the best Hudson REALTORS® help you find the home of your dreams.

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