Being prepared is one of the smartest things you can do to help the home buying process run smoothly. Getting prequalified for a mortgage gives you an idea of what your loan program and the amount you could borrow might look like in advance. This can give you a big advantage at different stages of […]
What Are The Steps In Obtaining A Loan?
There are four main steps in obtaining a loan. Northeast Funding Services will do all of the work and make obtaining your loan as easy as possible for you. We can help to meet your goals with the best programs that are available. Whether you are making that commitment to buying your new home, refinancing your […]
What is an FHA 203K Loan?
Whether you’re buying a home in dire need of complete renovation or just want to modernize the kitchen or flooring of a property before you move in, an FHA 203k loan insured by the Federal Housing Administration could be the solution to your financing issues. How Do You Qualify for an FHA 203k Loan? In […]
Why Use A Broker?
A Mortgage Broker saves you the legwork… Mortgage brokers have regular contact with a wide variety of lenders, some of whom you may not even know about. The alternative to working with a broker is to call up dozens of lenders and compare their mortgage terms and rates on your own. A broker saves you the […]
ARM or Fixed Rate?
There are 3 bona fide scenarios in which a homeowner should consider an ARM over a 30-year fixed. The first scenario is one in which the homeowner intends to move or sell within the next 5-7 years. For homeowners not in need of a “long-term” loan, an adjustable-rate mortgage can be an excellent way forward. There’s […]
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