ARCHIVED BLOG POSTS
2017
FHA announced today that effective on January 27, 2017, the FHA Monthly Insurance Premium (MIP) Will Be Reduced To .55/.60. MIP factors for LTV's 95% or less will be reduced to .55, and the MIP factors for LTV's greater than 95.01% will be reduced to .60. This is very encouraging news in the co...
01/09/2017
We Lucked Out Again In Missing The Brunt Of Another Snow Storm Yesterday. Even though the snow started to come down around 10:00 a.m. and did not stop until after 9:00 p.m., we only got about 6" here in Middletown, CT. This was the second snow storm of the year, and so far we have been on the...
01/08/2017
Are Credit Cards Always Included In Debt-To-Income (DTI) Ratios? It is not unusual for parents these days to co-sign for their children for such things as: Car loans Cell phones Student Loans It is also not unusual these days for a parent to assist their children in establishing credit, or prov...
01/07/2017
20
Comments
We have lucked out so far this year in my part of Connecticut, but the Northern part of the state has not been as lucky. We got a couple of snow falls in December, but nothing major. At about 3:00 a.m. today the snow started to fall for Our First Snow Fall In Middletown, CT In 2017, but once...
01/06/2017
18
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This month Praful Thakkar is hosting an ActiveRain contest,challenge titled "Get Out Your Crystal Balls: What is your prediction for 2017 Contest." As I look into my crystal ball and look ahead, this is What I Expect To See In 2017. First, I think this is the year interest rates will start to...
01/05/2017
There are very few local networking events I do not make it to, and I almost forgot to post a blog about this one. I am always looking for networking events being held at locations I have not been to before. So I am looking forward to Chamber of Commerce Eastern Ct Business After Hours At Hoff...
01/04/2017
7
Comments
We just started a new year and that means the addition of new state laws. Below are the New CT State Laws Effective January 1, 2017. Most Health Insurance Policies will be required to cover tomosynthesis mammography, or three-dimensional mammograms. The state’s medical marijuana program, which ...
01/03/2017
26
Comments
It is not uncommon for a Realtor or a Borrower to ask me if funds can be put into escrow so repairs can be done after the closing. The answer is both a YES and NO answer. So When Can Funds Be Put In Escrow For Repairs? First of all the only Loan Products I am ware of which allow for funds to be...
01/02/2017
I do not have a crystal ball, but if I did have one, one of the things I would like to look into it and see is Will There Be Changes To The Consumer Financial Protection Bureau (CFPB) In 2017? The Dodd/Frank Act has been a major topic even before it was enacted, and one of the most controversial...
12/31/2016
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