by luxretail | Jul 3, 2016 | Market News
If you’re looking to buy a home in Connecticut, the first order of business is to determine how much “house” you can actually afford. That will determine whether or not you will need to apply for a loan and, more importantly, how much money you will reasonably be able...
by luxretail | Jun 20, 2016 | Home Buying
While FHA loans and USDA mortgages are both popular, affordable home financing programs, they each offer different benefits and have very specific eligibility requirements. Let’s take a look at some of these programs key differences. Down Payment While most...
by luxretail | May 15, 2016 | Home Buying, Investors
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...
by luxretail | Apr 29, 2016 | Home Buying
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...
by luxretail | Mar 20, 2016 | Market News
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...
