Peter J Beauchemin - LAER Realty Partners Beauchemin & Assoc.



Posted by Peter J Beauchemin on 12/16/2018

If youíre a first-time buyer, odds are youíve never seen or heard much about mortgage applications. However, for something as important as buying a home, it pays off to go into the process knowing what to expect.

Mortgage applications arenít all that complicated in and of themselves. Most of the time, your chosen lender will walk you through the process and answer any questions that arise. However, complications do arise when it comes time to provide documentation on things like your income.

To make things easier for your first application, Iíve put together this list of frequently asked questions that first-time buyers often have about their mortgage application process.

Will applying for a mortgage hurt my credit score?

Mortgage lenders will run a credit inquiry to help determine your lending eligibility. There are two types of credit inquiries: hard and soft. A soft inquiry is a quick credit check that doesnít affect your credit score. A hard inquiry, on the other hand, does. This means your score will be lowered slightly for a few months and then will bounce back.

Mortgage lenders run both types of inquiries. For quick, pre-qualifications, lenders typically run a soft inquiry. Then, as you progress through the approval process, theyíre run a detailed credit report (hard inquiry).

What information should I have available?

Lenders will ask you for various documents. The most common things they will ask for include proof of income in the form of  W-2 forms from the previous year and your most recent pay stub. They will also require a record of your other debts, including student loans, auto loans, credit card debt, and any other outstanding debt that you owe. Finally, they will ask for an inventory of your assets. This could include investments, properties, auto titles, and more.

What if I donít work a conventional job?

People who are self-employed or have unconventional income can still qualify for a loan and will still be required to show proof of income. Lenders may ask for Form 1099 records, tax returns, or any other record or proof of income you have available.

How long does it take to complete an application?

Mortgage applications can be completed as quickly as you gather the required documentation. However, thereís more to getting approved for a mortgage than filling out an application. There will be time needed to process the application, and underwrite your mortgage. This entire process typically takes between 30 and 45 days.

Is it safe to apply for a mortgage online?

Most lenders allow you to start the application process online and their online portals are typically secure. Make sure you check your browser window to ensure that the connection to the site is secured, and you should have nothing to worry about.

Keep in mind that most online applications are designed to get you  prequalified and on your way to getting a mortgage. So, if you want to avoid getting calls from the lender, you might not want to enter any data until you know youíre interested in borrowing at this time.





Categories: Uncategorized  


Posted by Peter J Beauchemin on 12/9/2018

A smart home device may prove to be a time (and money) saver. However, not all smart house devices are ideal for all homeowners. If you select a smart home gadget that fails to accommodate your day-to-day needs, you risk wasting time and resources on a device that delivers little to no return on investment.

Ultimately, it helps to conduct an in-depth search for the right smart home devices based on your individual needs. With a comprehensive search, you can find one or more terrific smart house gadgets that suit you perfectly.

For those who are on the lookout for reliable and budget-friendly smart home devices, there are lots of things you can do to perform an extensive search for gadgets that will serve you well. Now, let's take a look at three tips to help you find the right smart house gadgets for your residence.

1. Assess Your House

Think about why you want a smart home device, as well as how you might use this gadget in your house. Then, you can determine how exactly a smart house device can help you streamline various day-to-day tasks.

For instance, if you strive to reduce your electricity bills, you may want to invest in smart light bulbs. This investment could deliver long-lasting cost savings, as smart light bulbs will allow you to simultaneously brighten up your residence and lower your electricity consumption.

On the other hand, if you want a new doorbell, now may be an ideal time to invest in a smart doorbell. With a smart doorbell at your disposal, you can use the video camera that allows you to see visitors as soon as they approach your home.

2. Start Small and Scale Accordingly

Although you may be tempted to buy multiple smart home devices at once, it often is a good idea to purchase one smart house gadget at a time. That way, you can avoid the risk of getting overwhelmed by myriad smart home devices at once.

Generally, it helps to perform research, find out if a smart home device is right for you and make your smart house gadget purchase. If your investment works out well, you then should consider additional smart home devices.

Of course, if you find a particular smart home device fails to match your expectations, there is no need to stress. Smart home technology is constantly evolving, and as such, new and improved smart house devices soon may be available to fulfill your needs.

3. Review Your Budget

Set a budget for your smart home device spending. Next, try to stick to this budget as closely as possible to ensure you don't spend beyond your means to purchase smart house gadgets.

Shop around for a smart home device, too. This will allow you to pick up a quality smart house gadget at a price that corresponds to your budget.

Clearly, there is a lot to consider relative to smart home devices. If you use the aforementioned tips, you may be better equipped than ever before to determine if a particular smart house gadget is right for you.




Categories: Uncategorized  


Posted by Peter J Beauchemin on 12/2/2018

Buying a home with an in-law suite provides many families with peace of mind for years to come. Whether or not your parents donít get around as well as they used to or youíre planning ahead for the years ahead, youíll always be a stone's throw away from them. And while this isnít a topic most like to think or plan for, it's never one youíll wish you were less informed on.

When shopping around for homes with an in-law suite look for those that are a single story and open floor plan. Come crutches, walker or wheelchair this layout guarantees its inhabitants full access to every room. No chairlift required.

Some things that are especially beneficial when youíre feeling the effects of age are helpful to those at any age. 

Consider these home upgrades first:

Switch out all door knobs for handles. The twisting action of a doorknob is hard and sometimes even impossible for arthritic hands. But it also makes for easier access to any room if youíre hands are full with a laundry basket, groceries or toddler.

A grab bar should be installed in every bathtub. Everyone is susceptible to the slippery surface of the tub. However, as we age our balance and coordination begins to become compromised. A horizontal bar along the length of the tub can multitask as a grab bar and place to keep shampoo bottles and facecloths. This placement is also more subtle than a bunch of horizontal and vertically placed bars.

Another feature every home should have? A motion-sense light outside. Our eyes are no more immune to age than the rest of our body. This makes getting around in the dark much more difficult. Coupled with balance could cause a very severe accident. If your new home doesnít already have a motion sense lamp this is one upgrade that is best made ASAP.

Once you have the basics in place consider these upgrades your loved ones will really appreciate:

A hand-held shower head with the option of a waist height wall mount. For when movement is limited and especially for those who need to sit while bathing.

A built-in shower bench. This upgrade is really just a nice touch especially compared to the white metal chairs that feel more like an afterthought.

Textured flooring. Tile can get slippery especially when wet. Installing textured flooring can help avoid that infamous ďhelp Iíve fallen and I canít get upĒ scene from playing out.

Railing along the stairs; ideally along both sides. Stairs can be a dangerous place for anyone especially if we are in a hurry or not paying attention. Having a railing to hold on to will help your loved ones keep their balance.





Posted by Peter J Beauchemin on 11/30/2018

This Land in New Boston, NH recently sold for $85,000. This style home was sold by Peter Beauchemin - LAER Realty Partners/Beauchemin & Assoc..


Lot 88-10 Susan Road, New Boston, NH 03070

Land

$95,000
Price
$85,000
Sale Price

Wonderful corner lot in highly desirable Echo Ridge consisting of 29 lots in the south east corner of New Boston. This premium lot in new upscale neighborhood is offered at a great value and features underground utilities, town maintained and approved road and sits on the corner of Susan Rd and Indian Falls Rd. Build your dream home today!






Tags: Real Estate   land   03070   New Boston  
Categories: Sold Homes  


Posted by Peter J Beauchemin on 11/27/2018

This Multi-Family in Manchester, NH recently sold for $229,900. This style home was sold by Peter Beauchemin - LAER Realty Partners/Beauchemin & Assoc..


150 Myrtle Street, Manchester, NH 03104

Multi-Family

$229,900
Price
$229,900
Sale Price

2
Total Units
Marvelous Mixed Use 2 Unit Multi includes office space and 2 bedroom apartment with character and charm throughout featuring grand foyer with beautiful staircase and new hardwood floors leading to 1st floor Unit 1 previously utilized as a law office with flexible 7 room floor plan including multiple large rooms in front with gleaming hardwood floors and tin ceilings which would make great conference rooms, reception area or office and several more rooms in rear for offices, workspaces or break room and full bathroom. Could be easily converted to 3 bedroom apartment with addition of kitchen. The 2nd floor Unit 2 features spacious living room, large eat-in kitchen, 2 sizable bedrooms, den and full bathroom. Plus full unfinished basement with shelving for file storage, attic storage, natural gas heat and hot water, vinyl siding, replacement windows, current COC, plenty of parking and small backyard on great corner lot ideal for business sign exposure in lovely North End neighborhood. Live where you work, run your business out of the first floor and rent the 2nd or lease both units out for a great investment. There are lots of possibilities for this unique property!






Categories: Sold Homes