NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576 | MI LICENSE: FR0023580 Lenders Want Legal Protection for Mortgages: Do Banks Deserve It?
According to a piece published recently in the New York Times, banks are looking toward increased protection regarding homeowners’ lawsuits. Such legal protections stem from 2010’s Dodd-Frank Act, ultimately approved to improve and encourage the housing market and give banks…
Types of FHA Loans
Now increasing in popularity, FHA loans are geared toward low- and moderate-income homebuyers. Yet, even with its looser qualifications, this government mortgage has several types of programs, some of which may benefit a borrower’s background more than others. Adjustable Rate…
Considering an FHA Loan? Here are the Basic Points
Lending standards for conventional mortgages, in recent years, have become stricter and tighter. In response, FHA loans, with somewhat looser requirements, are growing in popularity. A borrower looking for financing with McCue Mortgage could qualify for an FHA loan, and…
Home Loan Applications Increase in Last Week of November
This past week, the Mortgage Bankers Association announced that applications for home loans rose, on a national level, during the last week of November. Figures came from the seasonally-adjusted index of borrowing and refinancing requests, after an assessment of 75…
CHFA Loans: What to Keep in Mind?
Did you know that McCue Mortgage, with locations in New London and New Britain, is the No. 1 lender of CHFA loans in the state? A program specific to Connecticut first-time homebuyers and those looking in federally-targeted areas, CHFA loans…