Cash to Close: How much do I need to bring to closing?

May 14, 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.
Read Full Article
 

Home Buyers: Avoid this Mistake

May 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.
Read Full Article
 

Credit Score FAQ's

May 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.
Read Full Article
 

Buying a Home during the Busy Spring Market

April 23, 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.
Read Full Article
 

2019 Quarter One Mortgage Update

April 16, 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.
Read Full Article
 

What to expect on Closing Day

April 16, 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.
Read Full Article
 

When is my first mortgage payment due?

April 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.
Read Full Article
 

Mortgage Requirements for a Condominium

April 1, 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.
Read Full Article
 

What is debt-to-income ratio?

March 19, 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).
Read Full Article
 

What is a loan origination fee?

March 12, 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.
Read Full Article
 

Tax Deductions for Homeowners

March 5, 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.
Read Full Article
 

Why NEMS Pre-approves for Property, Not Listing Price

February 26, 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.
Read Full Article
 

February Mortgage Update

February 19, 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.
Read Full Article
 

When Should I Lock my Mortgage Rate?

February 12, 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?
Read Full Article
 

Lunch & Learn with The Brians: Grow Your Business

February 5, 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.
Read Full Article
 
(860) 736-2747
37 W. Center Street, Suite 208, Factory Square, Southington, CT. 06489