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

Category: Mortgage Basics

THINGS TO CONSIDER WHEN SEARCHING FOR YOUR DREAM HOME

Once you’ve received a pre-approval from your loan officer and are aware of all the costs involved and what you can afford, it’s time to begin your search for a home. FINDING A REAL ESTATE AGENT Your real estate agent is a valuable partner in the homebuying process. He or she will help you find…
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9 Steps to Buying Your First Home

You must be a first-time home buyer or not have owned a home in the past three years to be considered a first-time buyer. 9 Steps to Buying Your First Home Buying your first home is an exciting and important milestone, not to mention a long-term investment. Following the 9 Steps below will make the home-buying process…
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Let us guide you to your first home

Buying a home is one of the most exciting—and complex— transactions of your life. You may have questions, and it’s important to choose a mortgage provider you can trust to communicate the important facts. We’re dedicated to explaining each step of the process in detail to every single one of our borrowers. And, we offer…
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The Northeast Financial LLC NICHE Sheet

Working with Northeast Financial LLC has it perks.  One of which is access to our industry leading niche products. Here is quick list of some of the Niche Products you can find here at Northeast Financial LLC: Bank Statement Ideal for self-employed borrowers who can’t use tax returns to qualify Up to 90% LTV, no…
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YOUR ANNUAL MORTGAGE REVIEW

You have checkups every year for your health, your pets and your vehicles – now we recommend one for your finances and home, too! What’s A Mortgage Review? One of our mortgage experts will work with you and review your monthly payment in detail, including your credit, mortgage insurance and income. Next, we’ll discuss any…
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FHA is not the only option for a low down payment

Did you know that Fannie Mae and Freddie Mac both offer competitive low money down products as well?  FHA is not your only option to get into a new home with less than 5% down. Down payment as low as 3%, even for first-time buyers Typically faster, easier and with a lower monthly payment than…
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The Northeast Financial Pre Approval

Getting pre-approved before speaking to a real estate agent can save you time, money and frustration.   You’ll know what you can afford. Getting pre-approved before you shop is imperative, as it allows you to shop within your price range. It gives you negotiating power. Having a pre-approval always puts you ahead of a buyer…
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What does LTV mean?

Loan-to-Value An acronym often encountered in the home buying or refinancing process, LTV describes loan amount as a percentage of the purchase price or value of property. For example, an $80,000 loan on a $100,000 property equals an 80% LTV. You can also think of LTV as the inverse of your down payment. If you…
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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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Who should consider a Non Qualified Mortgage?

Not all home buyers are alike. If you’ve had difficulty qualifying for a traditional mortgage, we have a smart option: a nonqualified mortgage. A nonqualified mortgage can be a great choice if you don’t meet traditional lending guidelines, opening up more options for you. You could qualify if you: • Are self-employed • Have fluctuating…
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