NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576 | MI LICENSE: FR0023580 Fewer Fairfield County, Conn. Homes Were Underwater in Q2
Nationally, more and more properties have equity, and according to a report from CoreLogic published last week, Fairfield County’s housing market reflects these trends. Reported in the Connecticut Post, the number of underwater properties dropped over the second quarter in…
Three Crucial Points About Your Conforming Conventional Loan
There are two factors borrowers considering a home must understand: Rates on conforming loans continue to increase, while, as of last week, rates for jumbo, or non-conforming, mortgages actually dropped below. After reaching 4.57 percent last week, the rate for…
Jumbo Mortgage Rates Now Lower than 30-Year, Fixed-Rate Conventional Options
Few mortgage professionals live to see a headline like the one above. But, if you’ve been keeping track of the latest rates, you know that such a reversal occurred over the last two weeks. Reported by the Wall Street Journal,…
Is an Adjustable Rate Mortgage (ARM) a Good Idea?
For August, it has been a hot topic to discuss the surge of adjustable rate mortgages (ARMs) experienced over the summer. According to Businessweek, 16 percent of all June 2013 mortgage requests were for ARMs – the highest since 2008….
Connecticut Foreclosure Bill Addressing Mediation Process Becomes Law
If you recall, Gov. Malloy proposed a bill to streamline the foreclosure process in January 2013. Originally, its objective was to lessen the delay and amount of paperwork homeowners face when entering the foreclosure mediation process, reduce potential lawsuits, and…