George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut

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Mortgage and Lending - George Souto NMLS #65149 FHA, CHFA, VA Mortgages - NMLS #65149

ARCHIVED BLOG POSTS

2013 

As the Real Estate Market begins to show signs of improvement in many parts of the Country, there is bound to be a cry for the return of Non-Traditional Loan Products, which have not been available for a few years now.  So the question is, Will We See The Return Of Non-Traditional Loans As The Ma...
08/16/2013
With most schools around the Country starting back up again by the end of the month, MReport, reported last week on a Survey conducted by Realtor.com titled "Survey Shows Impact of School Boundaries on Buyer Picks" which showed results I do not think Realtors will find  surprising.  The survey id...
08/15/2013
  My First Borrower To Win The McCue Mortgage 1st Of The Month Club Drawing!  McCue Mortgage started the 1st Of The Month Club on March of 2012.  Since then all Borrowers whose mortgage we service, and who are current on their mortgage, and made their payment for the month on or before the first...
08/14/2013
  If you live in Middletown, Connecticut, here is your chance to part with those treasures that you no longer want, but do not want to throw away.  Middletown, CT will be holding their second annual Middletown, CT Townwide Tag Sale 2013 on Saturday, September 21th, from 8:30 to 3:30. This may se...
08/14/2013
  New Britain, CT Convoy of Hope.  The Convoy of Hope exists in most of the major cities in the U.S. and has been around since 1994.  During that time the Convoy of Hope has served more than 55 million recipients throughout the world. The Convoy of Hope in New Britain, CT is coordinated through ...
08/13/2013
Will Rising Interest Rates Reduce The Number Of Buyers?  Redfin recently conducted a survey of Home Sellers, and I found the results interesting.  The survey stated Sellers are concerned with the recent rise in Interest Rates, because they feel rising Interest Rates will reduce the number of Buye...
08/12/2013
  FM Radio Station WIHS 104.9, is sponsoring the collection of Free Wheelchairs Through Wheels For The World.  WIHS 104.9 is a local FM Christian Music Radio Station in Middletown, CT  and this weekend was the 13th year in which WIHS 104.9 has participated in the collection of wheelchairs, walke...
08/12/2013
Do Borrowers Have To Do FHA Mortgages On HUD REO Properties?  I wrote a blog yesterday titled "Repair Surprise To Avoid On HUD REO Properties".  One of the comments on my blog was by Richard Weisser.  Richard very correctly stated "It is a thousand times easier to eschew the FHA loan and go conve...
08/11/2013
HUD is putting more and more of their Real Estate Owned (REO) Properties on the market lately, and as a result a new surprise is popping up.  Anyone who has ever been involved in a purchase of a HUD REO Properties knows there are normally repairs involved which HUD will allow to be escrowed for a...
08/10/2013
As Conventional Mortgage Programs become more of the Loan Program of choice, it is my hope Fannie Mae will take a closer look at the Fannie Mae Loan Level Price Adjustments (LLPA) presently applied to all Fannie Mae Mortgages.  As long as Fannie Mae maintains LLPA, which are additional costs Fann...
08/09/2013
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