Author: New England Home Mortgage

Are you considering buying a home this year? Experts in the housing market have forecasted some interesting statistics pertaining the cost of buying a home in 2018. In the past year, home prices have risen an average of 6.5%.

Author: New England Home Mortgage

One of the first things to consider before house hunting is how much money the lender will expect you to put as a down-payment on a mortgage loan.

Author: New England Home Mortgage

There is a difference between getting pre-qualified and pre-approved for a mortgage loan and you should educate yourself on the differences.

Author: New England Home Mortgage

If you find yourself in a position of unemployment and are worried about staying current with your mortgage there are programs that can help you.

Author: New England Home Mortgage

Has the New Year got you thinking about refinancing your current home loan? If so, how do you determine whether or not it is worthwhile to refinance?

Author: New England Home Mortgage

Purchasing a new home is exciting. It can also bring with it a lot of confusion when it comes to deciding on which type of mortgage loan best suits your needs.

Author: New England Home Mortgage

If you are in the market for a new home in 2018, it is important to keep your eyes on the mortgage rates. Economists predict that over the next few years, mortgage rates will begin to rise above 4% and even 5%.

Author: New England Home Mortgage

How do I choose between a 15 year and 30 year mortgage? Most Americans buying their first home tend to choose a 30-year mortgage.

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.

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.

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.

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.

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.

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.

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.