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48 Meriden Rd, Suite 1, Middlefield, CT 06455

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Tips on a smoother closing: ASSETS

Seasoned Assets, Sourcing Large Deposits and Gifts: The best thing to do is to keep your money stationary in its original accounts. It is also important to not to move any major amounts around and to not deposit cash on hand into any accounts within your mortgage process. Definitions A Large Deposit is considered a…
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What’s the difference between PMI and MIP, and what is Homeowner’s Insurance then?

The distinction – between PMI, MIP, & Homeowner’s Insurance- is one that many homebuyers- particularly first-time borrowers- have a lot of questions about. Hopefully, this article answers those basic questions, and if you have more in-depth questions, please contact us to help assist you further. This overview should help with the generalities.   By Yvonne…
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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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2 Reasons to consider shorting your mortgage term

15 vs. 30:  Two reasons some people take on a 15-year mortgage  The primary difference between a 30 year mortgage and a 15 year mortgage is simply the length of the loan. One amortizes over 30 years, the other over 15.  (Wikipedia says that an “amortizing loan is one where the principal is paid down…
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Looking for an Asset for Income Loan?

Do you have a healthy amount of assets but your documentable income is not easy to verify? Our Asset Connect product is designed specifically for borrowers with large significant assets. Qualification is based solely on the borrower’s assets. Requires enough assets to cover loan amount, monthly debt for 24 months, and 12 months reserves. Highlights…
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Early Access to 2022 Conventional Limits

Working with your local independent mortgage broker has its benefits.  One of which is access ground breaking products and exciting enhancements ahead of the big banks.  We are proud to announce that we are currently accepting applications for conventional loans using the new increased loan limits to be set soon for 2022.  Effective immediately Northeast…
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FHA Rehab Mortgage Programs

These programs are specifically designed for those who wish to repair, improve, or upgrade an owner-occupied home they own or would like to buy. The FHA 203(k) allows homeowners to finance rehab costs within a single mortgage — rather than having to obtain a separate loan to finance the cost of repairs or walking away…
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No Money Down Options

Navigating both low and no money down payment programs can be difficult and often confusing for new and experienced home buyers.  Here at Northeast Financial LLC we have several options available to the public. Are you a veteran that serviced for our armed forces?  If so ask us about our 100% VA Financing for both…
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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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