News

Fix and Flip Mortgage Program Doing a Fix and Flip Mortgage does not need to be difficult.  At Northeast Financial we work with you every step of the way during the process.  Even more, our experienced staff will meet with you in person to discuss your options.  This program is ideal for investors that want…
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History of Reverse Mortgages I think many would be surprised to find out that the first reverse mortgage (also known as an HECM) was done over 50 years ago.   The first reverse mortgages were originated in Portland Maine. A local banker came up with the idea that allowed the widow of his high school…
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Getting a Mortgage After a Bankruptcy is Not Impossible 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…
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Are you a veteran looking for a Connecticut VA Mortgage?  My name is Vanessa Brown and I am a part of an amazing team at Northeast Financial in Middletown, CT.  We are an award-winning company dedicated to customer service and finding the perfect fit for your mortgage needs.  First of all, if you are veteran,…
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Self  Employed  Mortgages Many years ago, it was very easy for people that were self employed to obtain a mortgage.  If the borrower showed a strong annual income and assets then getting a conventional or FHA loan was relatively easy. Self employed mortgages were made readily available with creative financing.  This was done by offering “Stated” Residential…
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Hello everyone, I am David Tortora, a loan officer with North-East Financial in Middletown, Connecticut. Are you a resident in the state of Connecticut paying rent every month? Do you feel like you’re paying too much? Today I would like to talk to you about all the programs that benefit the first time home buyer as well…
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Home Mortgage Loan Readiness As you considering buying a house and need a Home Mortgage Loan?  If so, the first thing to do is ensure that you are financially ready and in the best position to purchase a home.  This means you must determine how much money you will need at closing.  There are two…
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 Connecticut USDA Mortgage Loans Connecticut USDA loans are a great option for our state.  Most noteworthy about the USDA Loan is that it allows for up to 100% financing for those that qualify.  Borrowers should also be aware that this type of mortgage loan does not allow for working farms, multi-family properties, or for the…
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ITIN Mortgage Loans What are ITIN Mortgage Loans? ITIN stands for Individual Taxpayer Identification Number. These loans are designed specifically for borrowers who have filed and obtained an ITIN number (which is like a Social Security Number).  They are living in the United States, paying their taxes, but are unable to document their legal status.…
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