| As the eastern most of the lower 48
| |
| | thinly populated with wide stretches of
|
| states, Maine is nearly in a category all
| |
| | pine forest between developments. Housing
|
| of its own with more French speaking
| |
| | prices in rural areas are very reasonable
|
| residents then any other state. Having
| |
| | although Maine property taxes are amongst
|
| more in common with neighboring Canadian
| |
| | the highest in the nation relative to
|
| provinces Quebec and New Brunswick, Maine
| |
| | home value.
|
| is also one of the least densely
| |
| | Two types of loans are popular in Maine:
|
| populated states in America. Are you
| |
| | adjustable rate and fixed rate mortgages.
|
| buying a home in the Pine Tree state?
| |
| | The typical adjustable [or variable] rate
|
| Have you finalized your financing yet? If
| |
| | mortgage can be had for one quarter
|
| you answered yes and then no respectively
| |
| | percent or more below the rate of a 30
|
| to these questions, please keep reading
| |
| | year fixed rate loan. Rates remain
|
| for some tips on how you can make Maine
| |
| | constant for the first 3, 5, 7 years
|
| your home state.
| |
| | before the adjustment period kicks in.
|
| From Boothbay Harbor to the Quebec
| |
| | 15 and 30 year fixed rate mortgages are
|
| border, Mainiacs as some residents like
| |
| | common with 20, 25, even 40 year rates
|
| to call themselves, have an independence
| |
| | also available. The latter is the least
|
| streak that rivals the weather. Quite
| |
| | known of them all and may be available
|
| frankly, to live in Maine means you must
| |
| | only through a national mortgage company.
|
| enjoy long, harsh winters as summer is
| |
| | Besides financing through a mortgage
|
| brief and colder weather dominates.
| |
| | company or bank, borrowers may want to
|
| Home prices in the state are most
| |
| | explore the FHA, VA, and HUD programs for
|
| reasonable away from the coast.
| |
| | what is available through them.
|
| Kennebunkport and other resort areas are
| |
| | Eligibility for VA loans is for former
|
| very pricey given that the number of
| |
| | and current military members and their
|
| seasonal residents easily outnumbers
| |
| | immediate families while HUD homes are
|
| locals throughout the summer. While true
| |
| | typically available through their website
|
| Maine residents understand the importance
| |
| | for eligible buyers.
|
| of this seasonal industry, the presence
| |
| | Finally, check with your Maine realtor
|
| of outsiders does push up housing prices.
| |
| | for special state operated or local
|
| Further inland beyond Augusta to points
| |
| | financing programs as they come and go
|
| further north, most of the state is
| |
| | almost like Maine summers.
|
