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mccue mortgage company: 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 … (2 comments)

mccue mortgage company: 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 … (3 comments)

mccue mortgage company: 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 … (4 comments)

mccue mortgage company: HOPE, INC - ANOTHER HOME AVAILABLE - 03/01/08 04:34 PM
HOPE, Inc, a New London, CT based non-profit organization works to provide affordable housing to families in this area.  Over the years HOPE, Inc. under the leadership of Marilyn Graham, has provided new or totally renovated housing to a growing number of families that meet the HOPE. Inc. criteria. 
The homes are … (2 comments)

mccue mortgage company: CHFA HOMEOWNERSHIP PROGRAM - 03/01/08 03:18 PM
Connecticut Housing Finance Authority (www.chfa.org) offers special benefits to tenants of public housing or subsidized housing.  If a prospective homeowner currently lives in this type of apartment, they can borrow their CHFA money at a rate of 1/8% lower than the going CHFA rate (currently 5.75% with 1 point).  The break … (1 comments)

mccue mortgage company: AMERICAN DREAM DOWNPAYMENT INITIATIVE (ADDI) IS BACK - 02/16/08 05:00 PM
The American Dream Downpayment Initiative program is back.  ADDI, as it is known, allows prospective home buyers to receive a forgivable grant of between $10,000.00 and $25,000.00 to help with the purchase of a single family home.  This money may be used for down payment and/or closing costs and prepaid items.  … (2 comments)

mccue mortgage company: URBAN REHABILITATION NOW BELOW 5% - 01/20/08 07:13 PM
Connecticut Housing Finance Authority (www.chfa.org) and McCue Mortgage Company offers a mortgage program called Urban Rehabilitation.  The UR programs makes a grant of up to $20,000.00 for renovations/improvements to a one family home and up to $25,000.00 for 2-4 family homes.
I have written about this program in previous posts so I will … (1 comments)

mccue mortgage company: THE SKUNK SAGA CONTINUES - PART 3 - 01/03/08 06:43 PM
It's not over yet.
The skunk trapper is coming back tomorrow to catch our latest skunk friend/enemy.
Meanwhile the area that he has dug out for himself is right next to the drain pipe and trap for the sewer drain pipe form our building. Guess what?  When the temperature drops to 10 degrees … (1 comments)

mccue mortgage company: 2007 - A REAL STINKER - 12/31/07 03:50 PM
I bet most of my AR members think I am talking about the real estate and mortgage business.  NOT !!!
We have become home to a family of skunks.  The office building in which I have my McCue Mortgage Company office is in the heart of downtown New London, Connecticut.  It is … (1 comments)

mccue mortgage company: CAN'T WAIT TO START ON #29 - 12/30/07 05:20 PM
28 years ago on January 3rd, 1980, I started working in the mortgage banking business with McCue Mortgage Company in southeastern Connecticut.
Rates were 12-13 % for VA & FHA mortgage loans. The average sales price was approximately $40,000.00 for a one family home and the average mortgage was about $38,000.00.  There were … (5 comments)

mccue mortgage company: CALLING ALL VETERANS - 12/29/07 06:57 PM
VA mortgages with their 100% financing up to $417,000.00 is an increasingly attractive way to finance a home.  We have lots of active duty veterans, discharged veterans and retired veterans in southeastern Connecticut.  We have National Guard facilities in Norwich, New London and Niantic/East Lyme.  We also host the United States … (7 comments)

mccue mortgage company: FHA - JUST KEEPS LOOKING BETTER - 12/22/07 04:56 PM
FHA (Federal Housing Administration) insured mortgages just keep looking better.
FNMA and Freddie Mac have increased the cost of borrowing money for clients with credit scores between 620 and 679. 
In some cases the PMI companies have increased the cost of PMI for borrowers with lower credit scores.
Genworth and other MI companies … (2 comments)

mccue mortgage company: STOP WORKING UNTIL NEW YEARS - NOT !!! - 11/18/07 03:37 PM
Every year at about this time I watch my competitors in southeastern Connecticut stop working and start celebrating the holidays early.  I enjoy celebrating the holidays just as much as the next person but Thanksgiving, Christmas and New Years Day are technically just 3 days not 41 days (Wednesday before Thanksgiving - New … (3 comments)

mccue mortgage company: WHERE DID THEY ALL GO? - 07/08/07 04:52 PM
Just looked at the mortgage lenders/banks that have been competitors of McCue Mortgage Company and mine over the last 27 + years.  This is not a complete list.   Feel free to add any more that you can think of.
Hartford National Bank, Norwich Savings Society, Home Bank & Trust, Fidelity Guaranty Mortgage Company, Boston … (3 comments)

 
Loan Officer: PHILIP TURNER-MORTGAGE BANKER SINCE 1980 (MCCUE MORTGAGE COMPANY)
PHILIP TURNER-MORTGAGE BANKER SINCE 1980
New London, CT
More about me…
MCCUE MORTGAGE COMPANY

Office Phone: (860) 444-0650
Email Me
Mortgage information and lots of other thoughts from a long time SE Connecticut home financing professional.


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