Address: 1 Bowdoin Mill Island #101, Topsham, ME 04086, USA
Phone: +12077258505
Sunday: Closed
Monday: 8:30AM–5PM
Tuesday: 9AM–5PM
Wednesday: 8:30AM–5PM
Thursday: 9AM–5PM
Friday: 8:30AM–5PM
Saturday: Closed
Andrew
Mike Hamilton has played such a big role in our home purchase process. As first time home buyers he has been very helpful and knowledgeable with answering all of our questions and referring us to the right people! I would highly recommend working with him!
Ned Horton
Great team.
Janet Ham
Beautiful spot, friendly and helpful receptionist, office manager.
Thanks! Your review is awaiting moderation.
I wish I could give you a solid answer, but the truth is it depends! Give us a call and we’ll talk about this one!
This is always a loaded question! There are so many different programs out there with varying percent of loan value. For example, A Veteran’s Administration loan does not require a down payment, but their closing expenses are higher than other programs. An FHA loan requires 3.5% down payment, but also requires a Mortgage Insurance Premium. Similarly, a Conventional loan requiring less than 20% down payment and may also require Mortgage Insurance depending on the lender and payment value. The bottom line is there are so many options and its always best to give us a call so we can discuss your personal situation!
Closing typically takes 45-60 days.
The mortgage payment will cover the principal and interest of your loan. It may also cover “escrow” amounts, which include real estate taxes and homeowner insurance. Some loan programs require monthly escrows, others do not.
It’s best to start with 2 parallel paths: identify a real estate agent you can trust and with whom you wish to work while also beginning to look for a lender with programs that appeal to you. You can also ask your real estate agent to guide you in selection of a lender.
Thanks! Your answer is awaiting moderation.
Thanks! Your question is awaiting moderation.