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48 Meriden Rd, Suite 1, Middlefield, CT 06455

Category: USDA

SELLER CONCESSIONS : WHAT ARE THEY AND SHOULD YOU ASK FOR THEM WHEN PURCHASING A HOME?

SELLER CONCESSIONS WHAT ARE THEY AND SHOULD YOU ASK FOR THEM WHEN PURCHASING A HOME? The whole mortgage process can have many components.  I’m going to address the closing costs area first.  Closing costs are fees associated with your home purchase that are paid at the transfer of the property from seller to buyer.  Some…
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Myth Busted – 20% Down Payment Purchases   

I bet you still think you need 20% down on your first-time purchase. Well that is just not true. There are many different programs available to all buyers with less than 20% down payment. Below is the list of programs offered to first time homebuyers. Conventional Options: The options available for Conventional vary based on…
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MORTGAGE LINGO

Learning the ABC’s of mortgage terminology Before tackling the mortgage process for the 1st time or the 5th time, understanding the mortgage language will help in the steps of your home purchase journey. Adjustable Rate Mortgage (ARM): A mortgage that will have an initial fixed rate for a set period of time and then the…
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20% Down Myth Debunked

There is a general consensus that you have to put 20% down to buy a home. Well, I’m here to debunk that myth.  The 20% down was a need many years ago, which led to the remnants of the thought that still echoes today. The truth is, you don’t need to have 20% to put…
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