George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut

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Mortgage and Lending - George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - NMLS #65149
This month on Monday, January 9th FHA announced  the FHA Monthly Insurance Premium (MIP) would Be Reduced To .60 on LTV's of greater than 95.01% and .55 for LTV's 95% or less.  This is only the 3rd time in the history of the FHA they had reduced the MIP, and the 2nd time in the last two years. Bu...
 The Middlesex Chamber Of Commerce will be holding an Open House on Wednesday, January 25th between 4:30 p.m. - 6:00 p.m. at the Chamber Office at 393 Main Street, Middletown, CT.  The Middlesex Chamber Of Commerce Open House On January 25th. is an effort by the Middlesex Chamber to increase memb...
Yesterday I wrote a blog titled What Are The Appraisal Requirements & Responsibilities, where I covered some of the requirements Lenders and Appraisers have to follow and attest to on appraisals for conventional loan programs.  In this blog I will cover another important component of the Uniform...
Appraisals play a huge role in obtaining financing for a property.  Therefore, everyone in the Real Estate and Lending Industries needs to be informed, and have a basic understanding of What Are The Appraisal Requirements & Responsibilities especially for Conventional Loans.  The last opportunit...
 The Old Saybrook Chamber of Commerce just announced the up coming Lyme Art Association 25th Annual Associate Artist Exhibition & Pulled & Pressed January 20th.   This will be a excellent opportunity for local residents to view landscape, portrait, and still life painting, as well as sculptures b...
Martin Luther King, Jr. Day, Is A Day We Honor A Great Man.  Martin Luther King, Jr. deserves this honor and much, much more.  Some may argue that his dream has not been fulfilled, but I would argue otherwise.  However, this is not the blog to make that argument, this blog is to honor a man who ...
As much as some things change, the more they remain the same.  I keep hearing  banks have tighten the available funds for mortgages, and that interest rates are impacted by credit scores.  I have been hearing these statement for a long time, and it concerns me, because they are being made by thos...
 The American Red Cross Is In Need Of Blood Donations once again, and the Grace Lutheran Church Blood Drive On Monday, January 16th., is an excellent opportunity to help alleviate the present shortage.  If you are not near the Grace Lutheran Church in Middletown, CT on Monday, January 16th., and ...
Angelico's Restaurant in East Hampton, CT is an excellent restaurant located in a great waterfront setting.  So the Angelico's Lakehouse Restaurant Wine After Work On January 20th. will be a fun event with excellent wine and appetizers.Below is a list of the appetizers, and wines those in attende...
Finally some good news for the Connecticut Housing Market.  Hartford reported earlier this week that the Connecticut Foreclosure Inventory Has Declined By 23% from the same time last year.This is great news in many ways, but especially for Sellers.  One of the things that has caused ...

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