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First Time Mortgage Options Looking for your First Time 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%…
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Using a Connecticut Mortgage Broker or a Mortgage Lender?  Hello everyone – we are Northeast Financial (a local Connecticut Mortgage Broker) located right in Middletown Connecticut (and we cover the entire state). Many consumers do not know the difference between a Connecticut mortgage broker and a mortgage lender.  Consequently, knowing how they are different can help…
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Connecticut Veteran Mortgage Program First of all, thank you to all of our veterans for their service.   There are great Connecticut Veteran Mortgage programs available for those that have served our country.  My name is Vanessa Brown and I am a part of an amazing team at Northeast Financial in Middletown, CT.  Northeast Financial…
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Advantages and Disadvantages of Government Mortgage Programs A Government Mortgage is subsidized by the government, either the Federal Housing Authority (FHA), Veterans Administration (VA), or US Department of Agriculture (USDA), to protect lenders again default on payments. This makes it easier for lenders to offer borrowers lower interest rates and make home ownership affordable for…
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Credit Card Debt Refinance If you are a Connecticut Home Owner and have too much credit card debt – then an option is to refinance your home and pay off that debt with a new mortgage.  A Credit Card Debt Refinance can be an easy process if you already have equity in your property.  …
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CHFA Mortgage Loans Connecticut Housing Finance Authority (CHFA Mortgage) is  Connecticut ’s Premier  Mortgage Program for “First Time Homebuyers”. This special first time homebuyer program offers a low fixed interest rate mortgage.  Furthermore, it provides down payment assistance to help you purchase the home of your dreams.   CHFA Mortgage Loans are available to homebuyers…
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FHA Jumbo Mortgage    First of all, If you’re looking to buy in a high cost market like Fairfield Country but don’t have the 20% down payment generally required for a conventional mortgage, an FHA Jumbo Mortgage may be what you’re looking for. An FHA loan is insured by the Federal Housing Administration and is…
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Renovation Mortgage Program The Fannie Mae (FNMA) Homestyle Renovation Mortgage is a Conventional Rehab Loan product. This loan allows borrowers to purchase a home in need of repairs, to refinance their current home, and include the necessary funds for renovation in the balance of the new loan. The loan amount is based on the after…
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