Frequently Asked Questions (FAQs) What To Ask A Mortgage Lender: This is an important subject and we have given it the exhaustive treatment it deserves in our detailed article on how to select a lender, reviewing the various factors that affect the decision and what questions to ask. Here are a few FAQs we’ve collected over the years, answered! What will a mortgage lender need from me? In most cases, we, like any lender, will require the following items from you before they can give you a firm quote on interest rates and loan terms: Your credit score Your employment history Your current incom ..read more

BBB Accredited – Start with Trust Acadia Lending Group is proud to announce our accreditation with the Better Business Bureau of Maine. You can view our profile with our rating and reviews, and to learn more about what we offer. Why is it important to be BBB Accredited? The Better Business Bureau (BBB) provides credibility and trustworthiness, networking opportunities, marketing and promotion, educational resources, verified reviews, and SEO benefits. Having the BBB Seal of Approval gives Acadia Lending Group a competitive advantage, more online visibility, a marketing tool for showcasing our ..read more

Dozens of people in Hollis came together on Tuesday night to raise money for the family of Joshua Seal, a beloved ASL interpreter who died at Schemengees Bar on October 25. Acadia Lending Group Mortgage Consultant Kristeen Smith was in attendance, representing Acadia Lending Group, who donated gift cards to the raffle. Local musicians donated their time and tips to the cause, and all proceeds from the night went to the Seal family, who frequented the River Tap & Grill in Hollis, Maine. Refresh the page to view the video below. You can read the full article and coverage from WGME 13 here ..read more

“Best Mortgage Broker in Maine” We’re excited to share some fantastic news with you. Acadia Lending Group has been nominated for the “Best Mortgage Broker in Maine” title in the Best of the 207 contest sponsored by Portland Radio Group. This recognition means a lot to us, as it reflects our commitment to providing exceptional service to our clients. At Acadia Lending Group, we take great pride in the relationships we’ve built with our clients over the years. Your trust and support have been instrumental in our success, and we sincerely appreciate the opportunity to have worked with you on your ..read more

For many self-employed individuals, obtaining a traditional mortgage can be a daunting challenge. The rigid requirements, extensive documentation, and scrutiny of income can make the mortgage application process seem almost unattainable. However, there’s an alternative solution that caters to the unique financial situations of self-employed individuals: bank statement loans. Let’s delve into the world of bank statement loans, explore the challenges faced by self-employed borrowers, and showcase how Acadia Lending Group offers tailored bank statement loan solutions to help you achieve your home ..read more

Currently in this market, the number of homes for sale in Maine and New Hampshire is lower than average. Especially “starter” homes in a first time homebuyer’s price range. That means that as a first time homebuyer, you’re not only shopping for a property you want, but you’re also looking to beat out all the other homebuyers who want to put an offer on it as well. To land your dream home, you’re going to need a solid strategy (and a mortgage advisor!). Make sure that you avoid making the following mistakes below. Here are 5 mistakes to avoid making: Waiting too long to make an offer. In the c ..read more

If you’re looking for a flexible home financing solution, portfolio loans may be the perfect option for you. A portfolio loan is a type of loan that is made by a lender and kept in-house rather than being sold to another institution. These loans are typically offered to borrowers who have non-traditional income sources, such as self-employed individuals or those with multiple sources of income. Other factors, like less-than-perfect credit or a high debt-to-income ratio, can be looked at and approved on an individual basis. Here’s what you need to know about portfolio loans and how they can ben ..read more

April is National Lawn & Garden Month, a time to celebrate the beauty of nature and the importance of maintaining our outdoor spaces. Springtime serves as a reminder that it’s time to start thinking about planting and lawn care again, as the trees start to bud and rebirth is prevalent. Of course, Earth Day reminds us that taking care of our “home” on a wider scale, and is an opportunity to raise awareness about making positive changes for our planet. If you are still renting from a landlord, and have no control over your outdoor space, or if you don’t even have an outdoor space to maintain ..read more

As March is National Credit Education Month, it is an ideal time to learn more about how your credit plays a significant role in the mortgage process. For potential home buyers, it is essential to have a good understanding of how credit works and how it can affect your chances of obtaining a mortgage. What is Credit? Credit is the ability to borrow money or access goods or services with the understanding that you’ll pay later. Credit scores range from 300 to 850, and they are calculated based on your payment history, amount of debt, length of credit history, and other factors. A high cred ..read more

Checklist Of Things To Do After Purchasing Your New Home If you are a new homeowner, congratulations! Moving into a new home is exciting and can be a bit hectic. Having a checklist or to-do list for your move can help you stay organized and make the transition easier. Here are some things to consider as you prepare for your move-in date: Conduct a walkthrough – Before moving in, inspect the property for any damage or maintenance issues, and make sure everything is in working order. Take measurements – Take measurements of the rooms, windows, and doors to ensure your furniture will fit in the ..read more