Fixed Rate versus Adjustable Rate

There are a few things to understand when you are considering mortgage types for a Connecticut home. One of the most important is a fixed rate versus adjustable rate mortgage. Fixed Rate Mortgage means that the interest rate for the…

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Conventional versus Government Mortgages

Another consideration in finding the right mortgage for your Connecticut home is a conventional loan versus a government loan. This distinction regarding mortgages refers to the insurance or guaranty of your loan. Conventional loans are not insured or guaranteed by…

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FHA

Qualifying for a FHA loan is easier than any other loan. FHA Mortgages help low- and moderate-income Connecticut homebuyers purchase homes with low down payments and flexible qualifying guidelines. These loans are insured by the Federal Housing Administration (FHA), which…

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VA

VA Mortgages are home loans that are guaranteed by the Department of Veterans Affairs (VA) and are a no down payment loan that is ideal for veterans or active duty members of the U.S. Armed Forces with the requisite remaining…

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CHFA

CHFA Mortgages are unique to Connecticut. If you intend to buy your first home in Connecticut, you should consider the CHFA program made available through the Connecticut Housing Finance Authority (CHFA). Borrowers benefit from low interest rates, an easy lending…

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