What credit score do I need to get a mortgage?

What credit score do I need to get a mortgage?

As you probably already know, your credit score is an integral piece of your overall financial picture. Your credit score has the power to help you get more credit, get approved for a lease, and when you’re ready, buy a home. But what constitutes a ‘good’ credit...
Short Term vs Long Term Rentals – Considerations for Property Owners

Short Term vs Long Term Rentals – Considerations for Property Owners

If you are considering purchasing a rental property, one of the biggest decisions may be whether to utilize the property as a short-term or long-term rental. Both have may have an upside and drawbacks. Below we’ll discuss elements that you as a property owner may want...
Second Homes vs Investment Properties

Second Homes vs Investment Properties

What is the difference between a second home and an investment property? Although they sound very similar, the two types of homes are actually quite different – especially when it comes to their financing. Oftentimes people will use the terms “second home” and...
Understanding Private Mortgage Insurance – How Does It Work?

Understanding Private Mortgage Insurance – How Does It Work?

PMI, an abbreviation for private mortgage insurance, is an insurance premium charged by mortgage lenders and paid for by the mortgage borrower. Do I have to pay PMI? PMI is generally required on conventional home loans with an LTV (loan-to-value) ratio of more than 80...
Connecticut FHA Loans

Connecticut FHA Loans

Thinking of buying a home in Connecticut? It could be a really smart move, as The Constitution State is steadily seeing improvements in their real estate values. According to data from Zillow, Connecticut’s median home value is expected to increase 0.3% within the...