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Mortgage Rates Connecticut: Rates from CT Mortgage Lenders If youre searching for the best mortgage rates in Connecticut from top mortgage lenders, will provide you ...

3 Tips To Get A Mortgage While Pregnant

Having a baby and buying a home are both challenging, life-changing events. Trying to buy a home while pregnant can be a doubly challenging and stressful experience for both soon-to-be-parents — but it doesn't have to be. Proper planning can ease the stress and help you find the ideal home for your circumstances.

Assess Your Future Needs – What do you need in a new home with a new baby? Obviously, you will need more bedrooms, but what about considerations like the placement of the bedrooms? Will your bedroom be near your baby's room? Does the home have hazards to children like unprotected stairs and railings, and can you temporarily baby-proof it during the early years? Is there sufficient outdoor space and dining space? How are the neighborhood schools? Will either parent have an excessive commute time to work? Is the area busy or quiet?

Legally Renege On Your Mortgage

Congratulations! You just signed the closing papers on your mortgage loan.

Terrifying, isn't it? Are you having second thoughts about your decision?

If you have just signed the closing papers for a home purchase, it's too late. You have made your commitment. However, in some cases with refinancing or a home equity line of credit (HELOC), you have a short rescission period in which you may back out of the deal without penalty.

The Truth in Lending Act (TILA) created the right of rescission in certain circumstances, allowing borrowers three full days to reconsider their decision and rescind the deal with no questions asked. Three things must take place before the three-day period begins: you must have signed the promissory note, received the Closing Disclosure form that summarizes the terms and conditions of your mortgage loan, and received two copies of the notice that explains your rights of rescission.

Rescission applies to refinances on owner-occupied homes only (no rentals, vacation homes, or investment properties), and only when the refinancing is through a different mortgage lender than the one that provided the original mortgage loan. An exception is a cash-out refinance with the original lender, where a rescission period is available on the cash-out portion alone. Rescission is always available on a HELOC with one exception: it is not applicable when the entire credit line amount is used for a purchase transaction (such as a second mortgage).

What's the best way for me to become a Mortgage Broker in CT?

I have been a Loan Originator for a year now, but I'd like to become a mortgage broker. This way, I can shop around to different lenders to help close more loans.

You can try Countrywide, but honestly...your current position is the safer bet of the two. Mortgage Brokers and getting the short end of the stick lately and banks (like Wichovia) are no longer even dealing with them.