Real estate blog entries tagged with middlefield by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages)

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middlefield: Do You Have A Purpose??? - 07/21/09 06:27 AM

Most Sales People have goals, whether they are put in writing or not. But how many of us know what our purpose is, or even ashed ourselves what our purpose is. You might ask what is the difference, aren't goals and purpose the same? I would say they are not.
We can have a purpose in life or in business without any particular goals attached to that purpose. But I do not think that we can have goals with out a purpose, and if we do, then that might be the reason why we fail to meet our goals.
Purpose in … (17 comments)

middlefield: Things Get Done When We All Cooperate. - 07/20/09 12:27 PM

Three weeks ago I got a call from the local William Raveis Real Estate in house Loan Officer. She had a loan that met FHA Guidelines, but she could not get an approval on it, because their investor did not like the limited number of credit lines that the Borrower had. I wanted to make sure that I would not have the same problem so I went over to my Underwriter and ran the scenario by her. She told me that we would not have a problem with that and to bring the loan in. I called the other Loan Officer … (8 comments)

middlefield: Speechless Sunday - 07/19/09 12:55 PM

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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
… (20 comments)

middlefield: New Truth In Lending Guideline Changes Will Have A Major Impact On Closings #2 - 07/18/09 09:33 AM

Yesterday I wrote the first of two blogs introducing the New Truth In Lending (TIL) Guideline changes. In this second blog I will go into more detail as to why I feel that these changes will create significant delays in the Loan Closing Process.
First let me recap the four major changes that will go into affect at the end of the month:
As of July 31 ALL Loan transactions will require that the initial Truth In Lending (TIL) statement be issued within 3 days of the Loan Application, and no Loan Transaction will be allowed to Close before the 7th … (12 comments)

middlefield: New Truth In Lending Guideline Changes Will Have A Major Impact On Closings #1 - 07/17/09 12:57 PM

For those of you that have not heard yet, there are New Truth In Lending Guideline changes that will take affect at the end of the month, which will have a major impact on Closing Dates for ALL transactions. We will also be seeing RESPA changes by the end of the year, but I do not have any details on those yet.
The purpose and motivation behind the New Truth In Lending Guideline changes is to provide an upfront disclosure to consumers so they will know their fees & charges on the mortgage and have an opportunity to shop before the … (10 comments)

middlefield: Change To The Connecticut Housing Finance Authority (CHFA) Connecticut Families Program. - 07/16/09 11:36 AM

On April 18th of this year, I wrote a blog "Connecticut Housing Finance Authority (CHFA) CT Families New Refinance Program" on a new Connecticut Housing Finance Authority (CHFA) program called CT Families.
On July 10th Governor Rell signed a bill which expands the eligibility for the CT FAMLIES program. The new legislation now allows for delinquent homeowners with any type of mortgage (fixed rate mortgages, adjustable rate mortgages, interest only mortgages, etc) to be eligible to refinance under this program. Previously, only delinquent homeowners with Adjustable Rate Mortgages were eligible.
This should provide additional help to families who have fallen … (10 comments)

middlefield: Wordless Wednesday - 07/15/09 02:42 PM

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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
… (13 comments)

middlefield: Food For Thought #2 - 07/14/09 09:20 AM

As I stated in my blog yesterday, I have been in Sales for over 34 years, and there are two things that are closely related, and seem to be a constant regardless of what type of Sales Field a sales person is in. I covered the first one yesterday which focused on continuing to do the things that work for you, and build upon them with new ones. I particularly questioned why new sales people seem to stop doing the things that are working for them, in hopes of some new gimmick that has not produced any results for them yet.
… (34 comments)

middlefield: Food For Thought #1 - 07/13/09 07:12 AM

I have been in Sales for over 34 years, and there are two things that are closely related, and seem to be a constant regardless of what type of Sales Field you are in. I will cover the first one in this blog and the other hopefully tomorrow.
The first one is, and this never stops amazing me, is that Sales People are always looking for new ways to do things, or that will generate more business. Now before you say what is wrong with that, there is nothing wrong with that, but what amazes me is that when they find … (18 comments)

middlefield: Almost Speechless Sunday - 07/12/09 06:32 AM

Finally the whether has warmed up enough and the rain stopped long enough to enjoy the pool, and the kids had a blast. The three on the right are triplets.

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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
… (17 comments)

middlefield: What Kind of First Impression Do You Present? - 07/11/09 04:11 AM

During my time here on ActiveRain I have read several blogs about how important it is for a Seller to prepare their house before they put it on the market for sale. These blogs have provided excellent advice, and suggestions on how to make a house attractive to prospective buyers. One of the common themes in each of these blogs has been how extremely important it is for a house to make the best possible first impression that it can.
All these blogs show how important it is to prepare a house for sale, but how much thought do we Loan … (12 comments)

middlefield: Are Things Always As They Seem?????? - 07/10/09 09:24 AM

In case you have not seen this yet, the picture below which Yahoo had as one of its highlights on my Yahoo Home Page today, has created more than a little bit of a stir. Some times things are not quite what they seem or are they.

Below is a link to a video that ABC News broadcast from a GMA News clip, that gives a little more detail of why the President was looking in that direction, or on the other hand does it really clear up anything ......... LOL
Link to Obama Video.
I sure am glad the … (21 comments)

middlefield: Great Networking Opportunities - 07/09/09 02:39 PM

The Connecticut Middlesex County Chamber of Commerce has a very busy month of July planned. Besides the upcoming Business After Hours event Monday July 13th that I bloged about earlier this week, they also have three other events that are great opportunities to network.
All three are the week of the 20th, and starting on Monday July 20 with the Member Breakfast Meeting. The monthly breakfast draws from 600 to 800 members every month and this month it should be a packed house, because Caron Butler, of the Washington Wizards and former UCONN basketball Star will be the guest speaker.
The … (12 comments)

middlefield: Almost Wordless Wednesday. - 07/08/09 03:20 PM

The month of June here in Connecticut was probably the wettest month that I can ever remember, and July is starting out the same. I have been posting pictures of flowers during this time that have really benefited by all this rain, and it has been very evident in their beautiful bright colors. But I think that even the flowers are ready to waive a white flag and give up because of the continuous rain. The flower below is a good example of this, it looks like it is saying I give up and surrender. A little sunshine please :) :)
… (13 comments)

middlefield: Connecticut FHA, CHFA, VA, and USDA Mortgages - 07/07/09 12:52 PM

These days here in Connecticut as well as in many other states FHA Mortgages have become the main Loan product. Not long ago Conventional Mortgages were the loans of preference, but with all the changes brought about by Fannie Mae, and Freddie Mac, Conventional Mortgages have become costly and difficult to do.
During this time I have written about these changes and how FHA in particularly has become the loan product of choice. These blogs are a little spread out so I thought that it was time to provide links to some of them so that they could be easily found.
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middlefield: Glad I Got This Warning In Time!!! - 07/06/09 12:12 PM

My wife just e-mailed me this very important SCAM ALERT, and I thought that I better share it with the rest of you here on ActiveRain. As you all know we have a BIG problem with ticks here in New England, and here in Connecticut we have even our own "tick" named after one of our towns, the "Lyme Tick", which is responsible for, you guessed it "Lyme Disease
I sure hope that I am not to late in getting the word out to all of you on this.
I hate it when people forward bogus warnings, and I have even … (23 comments)

middlefield: Speechless Sunday - 07/05/09 01:05 PM

middlefield: Connecticut Middlesex County Chamber of Commerce Business After Hours .... Angelico's Lake House - 07/04/09 09:33 AM

The Connecticut Middlesex Chamber of Commerce is continuing its Business After Hours events through the summer, and what better place to hold the July Business After Hours, than at Angelico's Lake House overlooking Lake Pocotopaug in East Hampton.
This event will be held on the 13th from 5:00-7:00 p.m. If you have never been to Angellico's Lake House you are in for a special treat. The food is excellent and the atmosphere on their patio overlooking Lake Pocotopaug is prefect for enjoying an evening with friends, co-workers, and business partners, as well as taking this opportunity to do some networking.
OH … (5 comments)

middlefield: Happy 4th of July!!! - 07/03/09 05:33 AM

****************************************************************************************************************** Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
… (10 comments)

middlefield: Wordless Wednesday - 07/01/09 01:53 PM