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48 Meriden Rd, Suite 1, Middlefield, CT 06455
844.788.7237
info@northeast-mortgage.com

Category: Uncategorized

One-Time Close Construction Loan(s)

Why choose a one-time close construction loan and what options are available to you?   A one-time close construction loan is a viable option for borrowers when they need to provide the builder with initial and interim financing for construction. This product has a single closing to save you on closing costs from having multiple…
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2 Reasons to consider shorting your mortgage term

15 vs. 30:  Two reasons some people take on a 15-year mortgage  The primary difference between a 30 year mortgage and a 15 year mortgage is simply the length of the loan. One amortizes over 30 years, the other over 15.  (Wikipedia says that an “amortizing loan is one where the principal is paid down…
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Early Access to 2022 Conventional Limits

Working with your local independent mortgage broker has its benefits.  One of which is access ground breaking products and exciting enhancements ahead of the big banks.  We are proud to announce that we are currently accepting applications for conventional loans using the new increased loan limits to be set soon for 2022.  Effective immediately Northeast…
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No Money Down Options

Navigating both low and no money down payment programs can be difficult and often confusing for new and experienced home buyers.  Here at Northeast Financial LLC we have several options available to the public. Are you a veteran that serviced for our armed forces?  If so ask us about our 100% VA Financing for both…
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100% FINANCING ON VA HOME LOANS

The Department of Veterans Affairs has created mortgage programs designed specifically for military personnel, veterans, and surviving spouses of those who have so valiantly served our country. VA mortgage programs are among the most important benefits available to our military! PROGRAM HIGHLIGHTS ■ 10-, 15-, 20-, 25-, and 30-year fixed rates available ■ Up to…
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Your guide to Appraisals

In most cases, an appraisal is required to buy or refinance a home. The appraisal protects you and your lender from paying for or financing a home for more than it’s worth. Your appraisal takes place once your application is filed and your initial documentation is reviewed. We’ll take care of placing the order for…
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Tips To Winning the House of Your Dreams In A Seller’s Market

Today’s market can be tough. Buyers need to act fast, be prepared, be educated and have a plan. If you are too slow or don’t know what to do, you may lose the house of your dreams.    The first step should always be having that pre approval letter. I can help you with this.…
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Mortgage Statement: What Am I Really Paying For?

Individuals who are not so savvy to homeownership may face some confusion when paying their first couple mortgage statements.  They first may be skeptical about why their statement not being serviced by the same financial institution that they signed so many documents with.  Well… that’s not so abnormal.  The truth is, most mortgages are sold…
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Thinking of Refinancing? Consider Making a Switch to Conventional

If you currently have an FHA loan, you may find that refinancing into a conventional mortgage may be a great choice to save money.  Conventional loans can offer lower interest rates than comparable FHA loans.  By refinancing into a conventional mortgage, you may be able to reduce both your monthly housing expenses and the total…
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It’s time for the DACA “Dreamer’s” to Become Homeowners!

HUD has announced that it has extended eligibility for FHA mortgages to individuals who are classified under the DACA – Deferred Action for Childhood Arrivals program. DACA recipients who have come to be known as “Dreamers” are individuals who were brought to this country before their 16th birthday and were under 31 years old when DACA was…
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