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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. |
| Tonight 10:00 Return to index of stories... |
Tonight on New Hampshire Outlook: With the future of the Shipyard in question, we look at the transformation of Pease and see if lessons can be learned. Tonight at 10:00 only on New Hampshire Public Television. |
| key: Consumer Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 05/26/05 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: 05/26/05 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: 05/26/05 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 |
| WEB PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. . Tonight at 10pm on New Hampshire Public Television. |
| Post Show Log Return to index of stories... |
Thursday, May 26, 2005: This show was pretaped on Tuesday because Beth had a station commitment during the day in Manchester. Director's Log: We had to redo the show because |
| HOMEBUY GRAPH Return to index of stories... |
1. Make a list of the PROS AND CONS of buying versus renting. 2. HOW MUCH HOUSE CAN YOU AFFORD? the 4 Cs can answer that. Capital is the down payment you have for the home; Credit refers to your credit history; Capacity is your ability to repay the loan; and Collateral means the home you want to purchase is worth the price you are paying. 3. GET-PREAPPROVED. This is a lender letter saying how much money you can borrow. 4. WHAT KIND OF HOME DO YOU NEED AND WANT? Make "wish and needs lists" for a home within your price range. 5. START LOOKING. Choose a real estate professional who can address your needs. Call several agencies and interview for the right agent. 6. SIGN THE OFFER It's recommended that first time buyers use a realtor to help you put together a Purchase & Sales Agreement. 7. GET AN INSPECTION. Check references and find a professional to uncover any problems with the home. 8. APPLY FOR A MORTGAGE. Once the terms of the Purchase and Sale contract have been agreed to, it's time to finalize your formal application. 9. CLOSE YOUR LOAN. And the deal … the day you finally become a homeowner. Please use the animated Outlook on Money background for the following graphics. |
| website Return to index of stories... |
For information on our program, and links to our guests and interviews, visit our web site at nhptv.org. You can see and hear streaming video of our broadcasts. We want to know what's on your mind. Join our discussion forum and tell us what you're thinking. If you have a story idea or comment on our program, click the feedback button. Or, call us at 800-639-2721. |
| Releases Return to index of stories... |
Have releases for Home Buying / Financial Literacy story from Sarah Diener, Danielle Diener, and William Diener. Have release for Home Buying conversation from Sandra Duda. |