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

News

WHY RENOVATE with a REFINANCE?

RENOVATIONS WHY RENOVATE with a REFINANCE? Renovating, remodeling, and repairing your home. Why now? In today’s purchase market, there are a lot of people looking for homes but, there is not a lot of inventory available. So, instead of leaving your home you own with or without a current mortgage, stay a while longer. If…
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New 2022 FHA Loan Limits

FHA LOAN LIMITS  Increased to $420,680 in 2022 Up from $356,362 in 2021 The Federal Housing Administration (FHA) just announced an increase of the FHA loan limits for 2022.The loan limit for one-unit properties will rise to $420,680 in most parts of the country, up from $356,362in 2021. Loan limits are also increasing in high-cost…
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Which Renovation Loan is Right for You?

  A Renovation loan can be a convenient and economical way to make renovations or repairs without having to pull equity from a home or applying for a second mortgage. Now Borrowers can purchase, or refinance a home and renovate it, all in one loan – one application, one closing, and one monthly payment.  FHA…
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One-Time Close Construction Loan(s)

Why choose a one-time close construction loan and what options are available to you?   A one-time close construction loan is a viable option for borrowers when they need to provide the builder with initial and interim financing for construction. This product has a single closing to save you on closing costs from having multiple…
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Bank Statement Programs for Self Employed Borrowers

Bank statement Loans were created for self-employed borrowers to purchase or refinance. Since tax returns are not required, this could be a great option for credit worthy self-employed homebuyers! Borrowers need to have two years of self employment*. 12 -24 Months of bank statements will be used to average income. Tax returns, w-2’s or pay…
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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

“Lifestyle Renting” No More

Pandemic Turns Renters into First Time Owners for Comfort, Feeling of ‘Home’ Do you rent, or you plan on working towards home ownership? Why, or why not? Renters have had their ideas about home ownership challenged by the pandemic as they have had to spend more time at home working, at-home schooling, and quarantining. In…
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Northeast Financial Employees Donate Almost 800lbs Of Food To Help Local Families

On Wednesday, December 22nd, 2021 the employees of Northeast Financial delivered 789lbs of food to a local food pantry “Amazing Grace“.  It is important to note that these donations came directly from the generous employees of Northeast Financial. The effort was led by Ruth Gawkowski from the Northeast family.  Ruth started the effort and then…
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