How the New Tax Plan Could Change Homeownership

August 9, 2019
Author: New England Home Mortgage
Are you in the market for a new home or considering a mortgage re-finance, but wondering how the new tax plan will affect you? There are a few variables to pay attention new regarding the new tax plan and it affects individual mortgagees differently.
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How Does the New Tax Reform Affect Home Buyers?

August 9, 2019
Author: New England Home Mortgage
The GOP tax reform plan includes a number of changes that will affect both homeowners and buyers.
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How Much Equity Do I Have In My Home?

August 9, 2019
Author: New England Home Mortgage
Whether you are looking to sell your home or make modifications, it is important to know how much equity you currently have in your home. The amount of equity you have in your home plays an important role, especially when trying to qualify for a line of credit.
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Mortgage Rate Forecast for 2018

August 9, 2019
Author: New England Home Mortgage
The 2018 Housing Market will bring changes in Mortgages Rates. For those of you currently looking to purchase a home, you should expect an upward shift in mortgage rates.
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Are Home Prices on the Rise?

August 9, 2019
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%.
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How much should you save for a down payment on a Mortgage?

August 9, 2019
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.
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What’s the difference between being Prequalified and Preapproved for a Mortgage?

August 9, 2019
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.
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Will Unemployment Affect My Mortgage?

August 9, 2019
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.
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Should I Refinance My Home NOW or Wait?

August 9, 2019
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?
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How to Choose the Best Mortgage Loan

August 9, 2019
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.
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Where are the Mortgage Rates Headed in 2018?

August 9, 2019
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%.
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30-Year vs. 15-Year Mortgage Loan

August 9, 2019
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.
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How Does a Home Equity Loan Work?

August 9, 2019
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?

August 9, 2019
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?

August 9, 2019
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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