48 Meriden Rd, Suite 1, Middlefield, CT 06455
844.788.7237
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News

Unlock Your Home’s Potential with a 95% LTV Renovation HELOC

In today’s housing market, finding the perfect home can be a challenge. Low inventory and rising prices have made moving less appealing for many homeowners. But what if you could transform your current home into your dream home—without giving up your low-rate first mortgage? That’s where our Renovation HELOC comes in. This exciting new product…
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Tax Time Tips for Homeowners

As tax season approaches, homeowners have a unique opportunity to take advantage of deductions and strategies to reduce their tax liability. If you’re ready to maximize your savings, here are some essential tips tailored to homeowners. 1. Common Tax Deductions for Homeowners Owning a home comes with significant tax advantages. Here are a few common…
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Understanding Why Your Credit Score Looks Different to Lenders

At Northeast Financial, we understand how confusing credit scores can be—especially when the score you see on apps, bank statements, or credit card accounts doesn’t match the one your lender pulls during a mortgage application. If you’ve experienced this discrepancy, rest assured it’s completely normal and happens for a good reason. Different Scoring Models for…
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Unlock Your Dream Home in Florida with HomeReady® First

Are you a first-time homebuyer in the Miami-Fort Lauderdale-West Palm Beach, Tampa-St. Petersburg-Clearwater, or Orlando-Kissimmee-Sanford areas? Northeast Financial is excited to introduce HomeReady® First, a program designed to make homeownership more accessible and affordable for residents in these vibrant Florida markets. What is HomeReady® First? HomeReady® First is a Fannie Mae initiative aimed at lowering…
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Understanding FHA Appraisal Concerns

The Federal Housing Administration (FHA) loan program has empowered countless first-time homebuyers to achieve their dreams of homeownership. While the program offers more lenient requirements compared to Conventional loans, all properties financed through an FHA loan must meet specific Minimum Property Standards (MPS). Being aware of potential FHA appraisal concerns can help you anticipate challenges…
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Unlocking the Benefits of Rate Buydowns

In today’s real estate market, affordability is a top concern for many buyers. With rising home prices and fluctuating interest rates, monthly payments can feel daunting. However, rate buydowns offer a powerful solution that can help you secure more affordable financing and potentially purchase the home of your dreams. Here’s how both temporary and permanent…
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How Much Home Can I Afford?

For first-time homebuyers, one of the most pressing questions is: How much home can I afford? Determining your budget involves evaluating key factors such as your income, debt, and down payment savings. Understanding these components can help you confidently navigate the home-buying process and find a property that fits both your needs and financial goals.…
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Preparing Buyers for Spring: How to Navigate Low Inventory Markets

As the spring housing market approaches, buyers and real estate professionals alike are gearing up for one of the busiest times of the year. However, with housing inventory still tight in many areas, competition among buyers remains fierce. At Northeast Financial, we’re here to help you and your clients navigate these challenges and succeed in…
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How Credit Scores Impact Your Mortgage Eligibility: What You Need to Know

When you’re applying for a mortgage, one of the key factors that lenders look at is your credit score. Mortgage lenders typically use FICO® Scores from each of the major credit bureaus—Experian, TransUnion, and Equifax—to determine your eligibility and the terms of your loan. These scores help lenders evaluate the risk of lending you money.…
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Why Fed Rate Cuts Don’t Always Mean Lower Mortgage Rates

When the Federal Reserve announces it’s cutting interest rates, it’s natural to think mortgage rates will immediately follow suit. But the truth is, it doesn’t work that way. Mortgage rates often move independently of the Fed’s decisions because they are influenced by a different part of the financial system: the secondary market. Let’s break it…
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