August 9, 2019

Author: New England Home Mortgage

Closing costs, along with your down payment, can vary depending on your loan and your financial situation. On top of that, you may be able to buy points from lenders or negotiate for credits with sellers, which all changes the amount you will owe on closing day. These additions and subtractions can make it difficult to determine the exact amount you will need to bring the day you close on your new home.

August 9, 2019

Author: New England Home Mortgage

We want to talk about something going on right now in the spring market, which is generally the busiest time of the year in real estate. ‍Often, first time home buyers make a big mistake when looking during a busy season.

August 9, 2019

Author: New England Home Mortgage

You need to have at least decent credit to buy a home. Even though might be able to secure a home loan, you will pay more in other ways.

August 9, 2019

Author: New England Home Mortgage

It’s no secret that the spring market is the busiest season for buying and selling real estate. Combine that with the low mortgage interest rates of Quarter 1, and we can anticipate that the spring buying market will be strong this year.

August 9, 2019

Author: New England Home Mortgage

While many marketplaces across the country are preparing to slow down, Hartford County has seen similar sales in quarter one of 2019 as last year, combined with low mortgage rates.

August 9, 2019

Author: New England Home Mortgage

The final step in buying a home is closing day. Closing is exciting because it means your home search is over, and the property is legally yours! While it is exciting, many buyers have questions about what to expect on closing day.

August 9, 2019

Author: New England Home Mortgage

Closing on a new home brings many to-dos and dates to remember. You need to be organized, stay in constant communication with your mortgage broker and Realtor, and know what to expect as moving day comes closer.

August 9, 2019

Author: New England Home Mortgage

Condominiums are a housing choice many people are drawn to - whether they are looking to downsize, live in a city, or don’t want to deal with the upkeep of a yard and exterior. But obtaining a mortgage for a condo comes with an additional set of requirements.

August 9, 2019

Author: New England Home Mortgage

Lenders use debt-to-income ratio, or DTI, to help determine the monthly mortgage payment you can afford. This ratio, calculated as a percentage, is found by dividing your monthly debts by your gross monthly income (your total pay before taxes).

August 9, 2019

Author: New England Home Mortgage

When you are buying a home, the list of items included in the closing costs can be daunting. One of the charges, if you get a mortgage, is a loan origination fee.

August 9, 2019

Author: New England Home Mortgage

We know it’s not anybody’s favorite subject, but tax season is one of the reasons we believe in the value of homeownership. With tax breaks on mortgage interest and property taxes, tax season doesn’t have to be quite so scary for homeowners.

August 9, 2019

Author: New England Home Mortgage

This question will undoubtedly come up as you begin your home search. To be considered a serious buyer, you must be pre-approved for a mortgage loan. But at New England Home Mortgage, we don’t approve you for a certain amount.

August 9, 2019

Author: New England Home Mortgage

Leading housing authorities have all predicted a rise in mortgage rates, with all but one forecasting rates going above 5% in 2019, according to The Mortgage Reports.

August 9, 2019

Author: New England Home Mortgage

With low mortgage rates of recent years, people want to be sure the rates stay low before their closing date. This often raises the question: when should I lock my mortgage rate?

August 9, 2019

Author: New England Home Mortgage

With over 50 years of industry experience, we have worked with a lot of homeowners and real estate agents. Connecting with other people is part of why we love our job - and we also believe in homeownership. Whether we are helping individuals find the best loan for their personal situation or meeting with realtors, we want to share the information we have learned over the years. That is why we created Lunch and Learn; a time to sit down and connect with Realtors while sharing information we have learned over the years.