Our Blog

How Does a Home Equity Loan Work?

December 9, 2017
Author: New England Home Mortgage
A home Equity Loan allows a homeowner to borrow money against the value of their current home. A lender will allow you to borrow up to a certain amount of your home and uses the equity in your home as collateral against the new loan.
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How Do I Qualify for a VA Loan?

December 2, 2017
Author: New England Home Mortgage
To be Eligible for a VA Loan, you be currently serving or formerly served in the US Armed Forces. There are many benefits of getting a VA loan, specifically the potential for 100% financing, low rates and zero mortgage insurance.
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What is a CHFA Loan?

November 18, 2017
Author: New England Home Mortgage
CHFA Loans are offered through the Connecticut Housing Finance Authority. They are for First-time Homebuyers who are looking to purchase a home in certain areas that are targeted for revitalization. CHFA Loans are offered at competitive interest rates.
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Is it Worthwhile to Re-Finance My Current Home Mortgage?

November 11, 2017
Author: New England Home Mortgage
If you are considering a home re-finance, it is important to understand the ins and outs of a mortgage refinance. When you refinance your current loan, you are essentially paying off your current loan and replacing it with a new one.
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What are the Best Ways to Increase My Credit Score?

November 4, 2017
Author: New England Home Mortgage
When applying for a mortgage loan, your credit score will greatly impact your eligibility. If your credit score is not so great, most lenders will recommend that you try to increase your credit score before applying.
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What are the Benefits of Reverse Mortgages?

October 21, 2017
Author: New England Home Mortgage
Reverse Mortgages are an attractive option for Seniors over the age of 62, who are looking for ways to supplement their retirement income. While there are no requirements for monthly mortgage payments, borrowers are required to pay the taxes and insurance on the home.
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Why work with a Mortgage Broker vs. a Traditional Bank?

October 14, 2017
Author: New England Home Mortgage
Most new home buyers do not know where to start when seeking a loan. Many go directly to their local bank for guidance. Using a Mortgage broker, like New England Home Mortgage has many benefits.
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What are the Benefits of a FHA Loan?

October 7, 2017
Author: New England Home Mortgage
If you are not sure what type of loan you may qualify for, you should do your homework and work with a Mortgage Broker to determine the different types of loans available and specific requirements for each. With FHA mortgages, you first need to meet their credit score requirements.
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Will Poor Credit Prevent Me From Qualifying for a Mortgage?

September 23, 2017
Author: New England Home Mortgage
Find out how your credit score impacts your ability to obtain a mortgage loan.
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Do I need to get Pre-qualified for a Mortgage Loan?

September 16, 2017
Author: New England Home Mortgage
If you are shopping around for a new home, it is important to get pre-qualified. Learn More about the pre-qualification process....
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Have You Been Affected by the Equifax Data Breach?

September 9, 2017
Author: New England Home Mortgage
Have You Been Affected by the Equifax Data Breach?
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Shift to non-bank loan originators

March 24, 2017
Author: New England Home Mortgage
Why there has been a shift from banks to non-bank loan originators like us.
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Driving forces behind today's mortgage market

March 24, 2017
Author: New England Home Mortgage
Who are the driving forces behind today's mortgage market? You will be surprised to find out.
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