NEW LONDON POLICE ARE SPECIAL - 07/27/08 07:41 PM
The New London Police Department is special.  They are the first police department in southeastern Connecticut to be approved to participate in the Connecticut Housing Finance Authority (www.chfa.org) Police Homeownership Program. They become one of 20 police departments participating in this program.
A NLPD member is able to purchase a home anywhere in the city of New London and enjoy the benefit of a below market interest rate.  The current rate for this program is 5.75% with 1 point for a 30 year fixed rate mortgage.  The Downpayment Assistance Program for closing cost and down payment monies is able to be tied … (2 comments)

HOME BUYERS WERE OUT TODAY - 07/27/08 07:17 PM
Five of six Open Houses that I visited today, representing McCue Mortgage Company, were being visited by prospective home buyers.  According to the media real estate is not selling.   It appears that the prospective buyers hadn't read this or had not heard this on the TV or radio news.
The people out visiting the Open Houses today were younger, some with children, some without.  They probably fit the profile of newly married or new parents and are looking for a home.  Things are not as bad as they are being portrayed.  There were thunderstorms all over southeastern Connecticut today and people were … (3 comments)

I GUESS THEY CAN'T BE POSITIVE - 07/27/08 06:54 PM
The headline on the front page of our paper The Day (www.theday.com) today was: HOUSING BILL: TOO LITTLE, TOO LATE?
The new housing bill was only sent to the White House on Saturday for President Bush's signature but the lead article written by Lori Montgomery and Paul Kane of The Washington Post and printed in The Day discusses all the ways that the bill will not help people.  It seems that a bill that includes a plan to prevent 400,000 foreclosures would be perceived as positive.  Granted the housing bill may not help everyone but you do have to admit that … (4 comments)

 
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PHILIP TURNER-MORTGAGE BANKER SINCE 1980

New London, CT

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MCCUE MORTGAGE COMPANY

Address: EIGHT UNION STREET, CORNER OF UNION & METHODIST STS., NEW LONDON, CT, 06320

Office Phone: (860) 444-0650

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Mortgage information and lots of other thoughts from a long time SE Connecticut home financing professional.


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