How jumbo loans work For most people looking to buy a house, a conventional loan or a government-backed mortgage, such as FHA or VA, is common in Connecticut. But for those who are buying a property that extends beyond the loan limits with these programs, it requires what is known as a "jumbo loan." What is jumbo …
Top 6 options for mortgage refinance
Understanding the different types of mortgage refinance Refinancing your mortgage can be a powerful financial tool, allowing you to adjust your loan terms, lower your interest rate, or even access cash for other needs. But with various refinancing options available in Connecticut, it’s important to understand which …
Mortgage rates are on the decline
Are mortgage rates going down? Yes, mortgage rates are going down and this has sparked an exciting sudden change in the Connecticut housing market. But who knows for how long? Many prospective borrowers with strong credit were locking their mortgages at the end of last week. Mortgage interest rates change all the time …
5 benefits of homeownership in Connecticut
Buying a home in Connecticut is a big decision that comes with a significant financial commitment. While both options have pros and cons, one factor makes homeownership an attractive choice: protecting homeowners from inflation. As we all know, the cost of living tends to increase over time, especially in major cities. …
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Learn the secret of adjustable-rate mortgages
With fixed rates up and home prices still on the rise, many Connecticut homebuyers are investigating adjustable-rate mortgages (ARMS), so how do you know if an ARM is right for you? Certainly, ARMs are not for everyone; however, in a rising rate environment, many first-time homebuyers will look to an ARM which may have …
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