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 Preshow #1homebuyReturn to index of stories... |
. Now on New Hampshire Outlook: How YOU can share the dream of home ownership. Our Outlook on Money series shows you how to get started. Then later: |
| Preshow #2 affordab Return to index of stories... |
Affordable housing in southern New Hampshire? You'll hear about one woman's discovery. |
| Hello/Intro Homebuy Return to index of stories... |
Hello. I'm Beth Carroll. Welcome to New Hampshire Outlook. If you thought home ownership was out of reach, you might want to think again. All it takes is a little planning and goal setting. In this installment of our "Outlook on Money" series --we look at Home-buyingbasics. |
| Homebuying Return to index of stories... |
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| Intro Conversation Return to index of stories... |
For most of us -- buying a home will be the biggest investment we'll ever make. Knowing Tips-to-Use and Traps-to-avoid. can go a long way in saving you a bundle. Joining us with some advice: Sandy Duda, a Mortgage Officer with Citizens Bank, and Becky Palmer, of the Consumer Credit Counseling Service of New Hampshire and Vermont. Welcome. Q Budgeting your money is the FIRST step to preparing for home ownership. BECKY: What should FIRST-TIMERS do to get financial house in order -- to pre-qualify to buy a house? Q SANDY: What do LENDERS look for in terms of credit -- what puts up a RED FLAG? 20% down still a good rule of THUMB for down payment?? Q BECKY: What determines your CREDIT SCORE -- and does that play into the INTEREST RATE on your MORTGAGE? |
| Studio conversation Return to index of stories... |
Q SANDY: Gone are the days of "One-size fits all" fixed-rate 30-year mortgages -- now there are TONS of options. SO, How do you find the RIGHT mortgage. ** Interest on FIXED rate Mortgages are pretty low 30-year FIXED. still GOLD standard? When does it PAY to get an ADJUSTABLE Rate Mortgage? Q BECKY: I Imagine LOWER "Adustable Rate Mortgages" would appeal to Families struggling to get into a house. Aren't they RISKIER? Homeowners INCOME may NOT keep up with rate INCREASES. Q SANDY: Who needs PMI Personal MOrtgage INsurance -- and how quickly should you try to GET rid of it? Q SANDY: Tell me about these INTEREST-ONLY mortgages we keep hearing about. ** SHOULD most people steer away from that option -- if they're planning on staying in their house for a long time?? Q SANDY: According to a recent survey -- CLOSING costs on a 180-thousand dollar mortgage averaged $3-thousand- 652 dollars. Sound reasonable. HOW do you cut your costs? ** Will CLOSING the loan at the end of the month LOWER closing cost fees? Q BECKY: SHOULD we be wary of NO CLOSING COST claims? Q SANDY: Nowadays you pretty much need PRE-approval by a lender to buy a house. What about LOCKING in a RATE on interest rate. What's your BEST bet in getting the BEST deal. Q BECKY: What should you do if you have trouble keeping up with MORTGAGE payments? If mortgage payments are late and you go past the 90-day mark -- lender can foreclose on your home. How does CONSUMER CREDIT COUNSELING Services Help? BETH: Buying a house is all about Building WEALTH -- Just ask Long-time homeowners -- who are the big winners in today's real estate game. Those who bought property 20 years ago -- may have seen their homes TRIPLE in value. SANDA DUDA, BECKY PALMER |
| Intro Affordable Return to index of stories... |
Mobile home parks have long been a source of affordable housing for many people. But there is a catch -- the land the homes sit on is often not owned by the resident but by a landlord. At anytime, the land owner can announce lease increases or can even sell the land out from under the residents. There's a new manufactured home community in Barrington that's different from others. As Producer Phil Vaughn tells us it provides affordable housing while giving residents a neighborhood they own and manage. |
| Web Pointer Return to index of stories... |
To learn more about our Outlook on Money Series log on to our website, nhptv.org/outlook for links to various financial resources. You can also watch all of our Outlook on Money stories online on-demand. |
| Goodnight Return to index of stories... |
That concludes our program. Thanks for watching. I'm Beth Carroll. We'll see you next time. |
| key: Consumer Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 08/4/05 HOST: Beth Carroll Length: 8:00 minutes Now on New Hampshire Outlook: How YOU can share the dream of home ownership. Our Outlook on Money series shows you how to get started. Then later: Affordable housing in southern New Hampshire? You'll hear about one woman's discovery. If you thought home ownership was out of reach, you might want to think again. All it takes is a little planning and goal setting. In this installment of our "Outlook on Money" series --we look at Home-buyingbasics. PRODUCER/REPORTER: Beth Carroll NAME OF PARTICIPANTS: Willie Diener\Homeowner, Brian Chirichiello\Realtor, Linda Dallaire\Deputy Director, Home Ownership Neighborhood Housing Services, Diane Brewster\Home Ownership Counselor, Manchester Neighborhood Housing Services |
| key: Consumer Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 08/4/05 HOST: Beth Carroll Length: 10:30 minutes Now on New Hampshire Outlook: How YOU can share the dream of home ownership. Our Outlook on Money series shows you how to get started. Then later: Affordable housing in southern New Hampshire? You'll hear about one woman's discovery. For most of us -- buying a home will be the biggest investment we'll ever make. Knowing Tips-to-Use and Traps-to-avoid. can go a long way in saving you a bundle. Joining us with some advice: Sandy Duda, a Mortgage Officer with Citizens Bank, and Becky Palmer, of the Consumer Credit Counseling Service of New Hampshire and Vermont. PRODUCER/REPORTER: Beth Carroll NAME OF PARTICIPANTS: Becky Palmer\Consumer Credit Counseling Service of Vermont & New Hampshire, Sandy Duda\Citizens Bank Mortgage Officer |
| key: consumer Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 08/4/05 HOST: Beth Carroll Length: 6:45 minutes Now on New Hampshire Outlook: How YOU can share the dream of home ownership. Our Outlook on Money series shows you how to get started. Then later: Affordable housing in southern New Hampshire? You'll hear about one woman's discovery. Mobile home parks have long been a source of affordable housing for many people. But there is a catch -- the land the homes sit on is often not owned by the resident but by a landlord. At anytime, the land owner can announce lease increases or can even sell the land out from under the residents. There's a new manufactured home community in Barrington that's different from others. As Producer Phil Vaughn tells us it provides affordable housing while giving residents a neighborhood they own and manage. PRODUCER/REPORTER: Phil Vaughn NAME OF PARTICIPANTS: Kim Poitras\Barrington Resident, Paul Bradley\Community Loan Fund, Rick Keller\Community Loan Fund, Dawn Hatch\Barrington Planning Board Member |
| Tonight 10:00 Return to index of stories... |
Tonight on New Hampshire Outlook: Join us tonight at 10:00 only on New Hampshire Public Television. |
| WEB PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. . Tonight at 10pm on New Hampshire Public Television. |