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News

How to Keep Your Home Purchase on Track During the Holidays

The holiday season is a time for family gatherings, celebrations, and relaxation—but if you’re in the middle of buying a home, it can also feel like a stressful juggling act. Between travel plans and holiday to-do lists, staying focused on your home purchase can be a challenge. However, the holiday season doesn’t have to slow…
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VA Loans: A Deep Dive into One of the Best Mortgage Programs

As Veterans Day approaches, it’s important to recognize the incredible benefits available to those who have served in the military. One of the most significant advantages offered to veterans and active-duty service members is the VA loan program. This program, created by the U.S. Department of Veterans Affairs, provides a pathway to homeownership that is…
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Why Fall 2024 is the Perfect Time to Jump Back into the Housing Market

As we enter the final months of 2024, the housing market is showing favorable conditions for potential buyers, according to the latest data from Realtor.com’s September 2024 report. Here are a few reasons why it might be the perfect time to get back into the market. 1. More Listings Available The number of active home…
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Understanding Conventional Loan Appraisal Waivers: When You May Qualify and What to Expect

When you’re purchasing or refinancing a home with a conventional loan, an appraisal is typically required to assess the value of the property. However, in some cases, Fannie Mae and Freddie Mac offer appraisal waivers, which allow certain buyers or homeowners to skip the traditional appraisal process. This can save time, reduce closing costs, and…
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The Fed Cut Rates in September—Here’s Why Mortgage Rates Dropped Before the Announcement

In September, the Federal Reserve announced an interest rate cut, a move that many were anticipating to stimulate the economy. However, if you’ve been paying attention, you might have noticed that mortgage rates dropped before the Fed even made their official announcement. So why did this happen, and what does it mean for you as…
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Conforming Loan Limits Are Soaring: Are You Ready to Take Flight?

Homebuyers in 2025 are in for exciting news—conforming loan limits are on the rise! Right now, the current maximum conforming loan limit is $726,200 in most areas, but by 2025, it’s expected to exceed $802,000. This means you’ll soon have the opportunity to qualify for a larger mortgage, allowing you to purchase a home that…
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Big News for Homebuyers: 203(k) Limit Increases from $35K to $75K!

In today’s competitive real estate market, many buyers are struggling to find affordable homes. With rising home prices and higher interest rates, it can feel nearly impossible to buy a home that doesn’t need significant repairs or updates. But recent changes to the FHA 203(k) loan program could provide some much-needed relief for new homebuyers.…
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The Power of Paying Additional Principal Toward Your Mortgage

For many homeowners, a mortgage is one of the biggest financial commitments they’ll make in their lifetime. It can feel daunting, especially when you see how long those 30-year loans stretch out. But what if I told you there’s a simple way to save thousands of dollars in interest and pay off your mortgage faster?…
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Unlock Savings with Northeast Financial’s SaveXchange Program

At Northeast Financial, we’re always looking for innovative ways to make your home-buying or selling experience more affordable and enjoyable. That’s why we’re excited to introduce our new SaveXchange program in partnership with NewZip. With SaveXchange, you can save up to 0.5% at closing when you use a SaveXchange realtor partner. Introducing SaveXchange: Your Path…
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Unleash Your Investment Potential: DSCR Loans for Savvy Real Estate Investors

Greetings, real estate investors! Are you looking to strategically expand your portfolio without the traditional income verification hurdles? If so, then look no further than DSCR (Debt Service Coverage Ratio) Loans. This financing option offers a powerful tool for experienced investors like yourself. DSCR loans allow you to qualify for financing based on the projected…
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