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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
© 2024 Northeast Financial LLC dba Northeast Home Associates, LLC NMLS# 117273 🏡
Connecticut Mortgage Broker License # 20995. North Carolina Mortgage Broker #B-176940. Florida Mortgage Broker License #MBR5370. Registered Mortgage Broker New York #RMB 209075
www.nmlsconsumeraccess.org | Equal Housing Opportunity
|
48 Meriden Rd, Suite1, Middlefield CT 06455 
Complaint Policy
The content provided within this website is presented for information purposes only. This is not a
commitment to lend or extend credit. Information and/or dates are subject to change without
notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans
arranged through third party providers. Does not make loans, issue a pre-qualification or pre-approval
in the state of New York.
Privacy Policy
