The Blog
Top Employers: Job Search in Hanover and Lebanon New Hampshire
Relocating to the Upper Valley is an exciting undertaking. Between navigating the fast and competitive real estate landscape in the Upper Valley to searching for a job in Hanover or Lebanon, NH, it can be overwhelming. But the Upper Valley is an area of growth and...
Legacy Mortgage Announces New Partner, Jake Donovan
Legacy Mortgage, LLC is proud to announce a new partner, Jake Donovan. As of January 1, 2024, Donovan has joined existing partners Rob Messenger and Jessica Irwin in leading the Hanover, NH based mortgage brokerage. Veteran Upper Valley mortgage lenders Rob Messenger...
To Support the Refinance Need, Legacy Mortgage Announces LegacyRateWatch.com
Interest rates have been on the rise and recently reached a high that hasn't been seen since the 1990's, according to TIME. We have recently seen a downturn in interest rates. In response, Legacy Mortgage has rolled out an initiative to help Upper Valley residents...
Bank vs. Broker: Which Upper Valley Lender is Right For You?
So you need a mortgage? But who should you work with, a bank or a mortgage broker? There are pros and cons to each and we will break down the options to help you navigate this decision with ease. Broker vs. Bank When you are looking to buy a home you will most likely...
Fannie Mae Update: Down Payment Minimums on 2-4 Units Reduced
Fannie Mae announced a drastic policy change that will go into effect on November 18th 2023. The policy changes the current financing requirement for multi family homes which currently requires a 15-25% down payment for all owner occupied 2, 3 and 4 unit properties....
Vermont Prebate & What it Means at the Closing Table
If you are buying a home in Vermont you might find your purchase impacted by a tax prebate. Understanding what a Vermont tax prebate is, and how it can affect your home purchase can help you avoid surprises during the buying process. What is a Vermont Tax Prebate The...
Buying a Home in Lebanon, NH: Tips for Success
Lebanon, NH is the largest town in the Upper Valley with roughly 15,000 residents. It is also the only city in the Upper Valley. The real estate market in the Upper Valley has been challenging for many home buyers over the past year with high demand and limited...
Save Big on VA Home Loans
The U.S. Department of Veteran Affairs (VA) has announced that they are reducing the funding fee on VA loans. The fee change will impact VA loans that close after April 7, 2023. Purchases, construction loans and cash out refinances backed by the VA will all benefit...
FHA Mortgage Insurance Changes: Save $800 a Year
The Department of Housing and Urban Development (HUD) together with the Federal Housing Association (FHA) has made an announcement that will dramatically change the mortgage insurance premiums (MIP) that will be charged to a buyer with an FHA mortgage. According to a...
Credit Reporting: Changes to Medical Debt Collections
Medical Debt and Credit Reporting According to a report published by the Consumer Financial Protection Bureau, millions of Americans are carrying an estimated $88 billion in medical debts. These medical debts are from bills that have entered delinquent status and many...
Mortgage 101: Navigating Divorce
When a marriage ends in divorce it can be an emotional and complicated time. According to the CDC 34% of married women over 20 years old and 33% of married men over 20 years old have been divorced. The decision to end a marriage is the first of many that need to be...
2023 Loan Limits Announced
What are Loan Limits? Loan limits are set by the Federal Housing Finance Agency (FHFA) and they determine the maximum amount of cash a homebuyer can borrow and obtain a conforming loan. Loan limits apply to both Fannie Mae and Freddie Mac which are two government...
Legacy Mortgage: Now Licensed in Maine
Legacy Mortgage Announces Maine License Legacy Mortgage is proud to announce that they have obtained their company mortgage loan originator license in Maine. Maine is the most recent state the mortgage company will now offer their lending services. They are currently...
Escrow 101
What are Escrows? When you are buying a home you will hear escrows discussed throughout the loan process. By definition an escrow is when money is held by a third party until it needs to be used to complete a certain condition. During the home buying process deposits...
Adjustable Rate Mortgages – Why They Might Be Perfect For You!
An Adjustable Rate Mortgage (ARM) is often viewed cautiously by borrowers shopping for a loan product. An ARM product does come with some variables that can make people nervous. However if you are shopping for a home in today's market it is wise to evaluate all the...