ARCHIVED BLOG POSTS
2013
*REMINDER* Middlesex Chamber of Commerce Business After Work at the Hawthorne, is today! The Middlesex County Chamber of Commerce was suppose to hold a Business After Work at the Hawthorne Inn last February, but because of the weather it got canceled. So this will be the first Middlesex Chambe...
02/18/2013
A refinance bill that was introduced last year, but stalled in Congress, is once again being put forward by two Democrat Senators, Robert Menendez, and Barbara Boxer. The bill is called S. 249, The Responsible Homeowner Refinancing Act of 2013 The bill is basically trying to establish a refinanc...
02/17/2013
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Happy Presidents Day 2013!!! Today is Presidents Day, and for most workers in the U.S. a day off from work. Presidents Day was not always known as Presidents Day, in fact up until 1968 there was no Presidents Day. Presidents Day was originally known as Washinton's Birthday, and established in 18...
02/17/2013
I read an article last week on the New HUD Guideline For Determining Housing Discrimination, which went into effect this past Friday, February 15, 2013. Preventing discrimination in housing is a good thing, but the criteria that HUD is using left me almost speechless. Let me explain. The new HU...
02/16/2013
USDA/Rural Mortgage Program, has a couple of really odd guidelines. For example even though USDA/Rural is really the old Farmers Loan, it does not allow for barns on properties. The other strange guideline that USDA/Rural has is that it allows for above-ground swimming pools but not in-ground ...
02/15/2013
Truth-In-Lending Does Not Lie, Conventional Mortgages Less Costly Than FHA. Yesterday I wrote a blog titled The Lowest Interest Rate Does Not Always Produce The Lowest Monthly Payment. In that blog I showed the differences in the monthly payment for a Connecticut Housing Finance Authority (CHFA...
02/13/2013
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We Have Gone Green At McCue Mortgage, and doing our part to conserve energy in the work place. So far everyone is cooperating, and it has been less painless than expected. So what are we doing at McCue Mortgage to go Green. Reducing Our Energy Usage by: Hibernating our computers and copiers Tur...
02/13/2013
As low as interest rates are today, Borrowers are still focused on shopping for the lowest interest rate possible. That is because Borrowers think that the lowest interest rate produces the lowest monthly payment. If you think that opinion is correct, then you need to think again, because it is...
02/12/2013
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Connecticut is a very active town, so if you live in Middltown, Connecticut it is important to be aware of what is going on whether it be Community Events or City Government Meetings. Whatever, your interests are, it is important to be involved and be a part of the community. Many town resident...
02/12/2013
More Oversight Of Social Media Websites For Loan Originators. The Federal Financial Institutions Examination Council (FFIEC) has released their proposed policy for use of Social Media Website by Banks, Savings Associations, and Credit Unions, as well as Non-bank Institutions that are supervised ...
02/11/2013
Ambassador
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George Souto
Your Connecticut Mortgage Expert