Tips for Getting a Low Down Payment on Your Mortgage
Due to the foreclosure crisis in the late 2000s, two percent down payments became the standard. Yet, starting in 2015, low- and no-down payment loans…
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Preparing to Have Your Debt-to-Income Ratio Evaluated
According to the new CFPB Mortgage Rules, borrowers applying for a mortgage must have a debt-to-income ratio of 43 percent or lower. While this…
Read moreWhat to Expect for Mortgages and Buying a Home in 2014
The mortgage industry stands on the precipice of radical changes – modifications that are ultimately for the better but, in the short term, may…
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Five Crucial Terms for the Mortgage Application Process
It’s inevitable to start the mortgage application process after you’ve worked with a Realtor®, selected a house, and now need financing to move…
Read moreConforming Conventional Mortgage Rates Continue to Rise
Rates for conforming conventional loans continue to see increases. Percentages started going up close to a month ago, and while still historically…
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New Subprime-Like Bubble May Wreck Mortgage Industry Again
For 2013, things started to look up for the mortgage industry. Interest rates hit record lows, causing more individuals to consider purchasing a…
Read moreConnecticut Continues to See Foreclosure Rates Rise
Over a month ago, RealtyTrac revealed Connecticut’s amount of foreclosures increased year to year, and a recent November report shows this trend…
Read more15- and 30-Year Fixed Mortgage Rates Increase for Second Consecutive Week
While rates increased in September, resulting in fewer housing purchases, the under 4.5-percent interest has still been a deal for borrowers…
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Five-Percent Mortgages and Stricter Standards: What’s in Store for Lending
What became a year of improvements continues to climb higher, including in Connecticut, where McCue Mortgage has two locations. Real estate in the…
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Advice for First-Time Borrowers: The Differences Between Conforming and Non-Conforming Mortgages
So, you’ve taken the plunge from renting into homeownership, but from working with a Realtor® and navigating the MLS listings to finding the right…
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