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

Category: Mortgage Basics

HOME BUYER’S CHECKLIST

HOME BUYER’S CHECKLIST for   1ST TIME HOME BUYERS √ Get Pre-Qualified with a Broker! Your first move when entertaining the idea of purchasing a home is to find a broker like myself. When you reach out I can answer any questions you may have and we can begin working together to get your base line…
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Breaking Down Your Credit Score

Where do you stand?   What can you do to Improve your Score? Pay all bills on-time Don’t apply for too many credit lines Don’t max out credit cards – Keep a balance at or below 30% of available for all revolving credit Hold on to your older credit lines – Even if not using…
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What’s included in a monthly mortgage payment?

As you figure out your home budget, it’s key to consider all the factors that will make up your mortgage payment. Here we share four important elements, known as PITI, which affect the amount you will pay each month: P Principal Amount borrowed to buy your home ⇑ Payment goes toward ⇓ ⇓ ⇓ ⇓…
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Traits of Quality Mortgage Brokers

1. Good brokers leverage technology for their clients’ benefit New technology may be impacting the mortgage broking industry in a big way, but we are using it to our advantage and yours. We can enhance your experience in the homebuying process with tech that simplifies processes and procedures, such as: Automated communication channels – bots, voicemail,…
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5 Tips To Help Accelerate Your Home Buying Timeline

Even though saving for your first home may sometimes feel overwhelming, many others have successfully navigated the homeownership journey with the right strategy in place. Here are five straightforward tips to help get you on the fast track to enjoying your first home: 1.  Don’t Fixate on One Neighborhood You may love where you live…
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5 Factors That Make Up Your Credit Score

  Your Northeast Financial Staff (844) 788-7237 info@northeast-mortgage.com NMLS#117273

The Dos and Don’ts when applying for a Home Loan

Do Get prequalified Check your credit report Continue paying your current monthly bills, including rent and utilities Pay all your bills on time: Important to be current Continue making purchases as usual: Banks love consistency, and continuing normal patterns of credit use gives banks a good idea of your spending routines Ask your lender questions:…
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Five ways your insurance agent can help in the home-buying process

Each year, millions of people buy homes. Most know that a realtor and mortgage professionals can be a huge help in the process. A little-known secret though, is that an independent insurance agent can be equally valuable in the home-buying process – providing critical information that can help you with your home-buying decisions. Here’s how…
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Tips on a smoother closing: ASSETS

Seasoned Assets, Sourcing Large Deposits and Gifts: The best thing to do is to keep your money stationary in its original accounts. It is also important to not to move any major amounts around and to not deposit cash on hand into any accounts within your mortgage process. Definitions A Large Deposit is considered a…
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What’s the difference between PMI and MIP, and what is Homeowner’s Insurance then?

The distinction – between PMI, MIP, & Homeowner’s Insurance- is one that many homebuyers- particularly first-time borrowers- have a lot of questions about. Hopefully, this article answers those basic questions, and if you have more in-depth questions, please contact us to help assist you further. This overview should help with the generalities.   By Yvonne…
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