Compass Mortgage - Why be a Homebuyer?

Why Be a Homebuyer?

The dream of home ownership has been realized by more than 65% of our population... and for good reason. There are several loan programs available in New Hampshire that are designed to maximize the opportunity and affordability of home ownership for all who desire.

There are many good reasons to be a homeowner:

It just feels good!

Pride of ownership
A stable home life for family
A strong sense of community with neighboring homeowners

Equity: the difference between what your home is worth and what you owe. As you make payments, you reduce what you owe and increase your share or “equity” in your home’s value. Should your home increases in value through appreciation, your equity will build even faster. The equity in your home can provide you with:

Financial security
A more comfortable retirement
A source of funds for emergencies
Funds for education
Funds for other investments

Payment stability vs. increased rental costs: Ever have your landlord raise your rent? Fixed-rate mortgages provide for the same monthly principal and interest payment every month for the life of the loan. It’s true that the property tax and insurance portion of your payment may increase over time, but not nearly as much as rents have historically increased.

More Choices: You can

Put up a fence: If it gives you the privacy you want, do it: it’s your home.
Remodel the kitchen: Go ahead - it increases the value of your property.
Change the color of the interior and/or exterior: It’s your house and your choice.
Get a pet: Your landlord might not approve, but what if you don’t have one? (a landlord, that is....)
Enlarge your home: Do it right and it will likely increase its value.
Put in a pool: Would you do that for your landlord?

To learn more, call Charley Farley at (603) 471-9300 or e-mail charley.farley@weloannh.com.

Compass Mortgage Inc. - 172 Route 101 - Bedford, NH 03110-5416
Office Phone: (603) 471-9300 Fax: (603) 472-8811 Toll Free Phone: (877) 211-5300

Homebuying Made Easy®

Licensed by the New Hampshire Banking Department.
Equal Housing Lender | Member, New Hampshire Association of Realtors® | Member, Mortgage Bankers and Brokers Association of New Hampshire | Member, National Association of Mortgage Brokers (NAMB) | Federal Housing Commissioner Approved Lending Institution (HUD) | Agent, US Department of Veterans Affairs Home Loan Guaranty Services

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