News

When Should I Refinance My Mortgage? Borrowers ask often if it is time to “refinance my mortgage.”  There are a few factors to consider before answering this question.  First of all, there needs to be a benefit to refinancing.  What are some benefits to consider: Will the rate be lower and save me money?  Is…
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USDA Loan Program   A USDA loan is a great option for many Connecticut Residents. The “Rural Housing” USDA Loan is a true 100% financing program federally insured by the US Department of Agriculture. It is called a Rural Loan by the USDA because it is handled by the Rural Development Department. USDA loans are…
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Connecticut Multifamily Loans Are you looking to make an investment and have your mortgage covered? If so, there are some great multifamily loans to choose from.   A multi-family property can be a duplex or a 2 to 4-unit home. Their are two main types of multifamily loans: FHA and Conventional Mortgages.  Owner-occupants may choose…
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Northeast Financial is excited to announce that we will now be offering Second Mortgage Loans in Connecticut and North Carolina.  Most noteworthy about this announcement is that many borrowers will now be able to avoid PMI on their upcoming mortgages.  2nd Mortgages can either be done as a stand-alone loan or as a combination with a…
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First Mortgage Options Applying for your First Mortgage can be exciting but overwhelming at the same time.  There are many different loan options for first time mortgage borrowers.  For example, you may need help with a down payment or prefer low monthly payments.  Certain loans may fit your needs better than others. 100% Financing Options:…
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Mortgage Preapproval What is a Mortgage Preapproval? It is essentially a letter that explains what sales price you qualify for when purchasing a home as well as the amount of financing you qualify for. It is a small yet very important part of your home buying process. Getting a mortgage preapproval can save you time…
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Are There Bankruptcy Mortgage Programs Available? Filing for bankruptcy doesn’t have to stop your dream of being a homeowner. Lenders have eased the requirements to allow borrowers that have filed for bankruptcy to purchase a home sooner than in the past.  Getting a mortgage after a bankruptcy is not as difficult as many may think. …
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Connecticut Mortgage: 4 Basic Steps For Buying a Home Buying a home is going to be one of the most important decisions you will ever make. Unfortunately, many home buyers take this decision too lightly and they jump into it without taking the proper steps to save money and make an educated purchase. There are…
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