Leo Namiot Connecticut Home Loans Mortgages,FHA,VA Loans,Blog,CT First Time Home Buyers,Commercial Loans

Housing Sales Look Up! - This is great news for home sellers

Mon, 09 Nov 2009 07:47:14 -0600

Pending home sales continue to grow.

The week began with September Pending Home Sales coming in UP for the eighth month in a row.

The National Association of Realtors index was UP 6.1% for the month, and UP 21.2% over September a year ago! The index hit 110.1, with 100 equaling the average level of sales contracts in 2001, the first year measured by the index.

It won't be too long before we start to see house prices going back up for most of the country, some markets are starting to see home price on the upswing.

Now is the time to buy before rates go up and house price move up too.

Leo Namiot

Connecticut Mortgage Specialist

www.LeoLends.com

President Signs Bill to extend First Time Home Buyers Credit - Also expands the bill

Mon, 09 Nov 2009 07:40:05 -0600

Great news for the housing market came Friday when the President signed a bill extending and broadening tax credits for homebuyers.

The tax credits apply to contracts signed by April 30, 2010, that close by June 30. Income limits for eligibility have been increased to $125,000 per year for individuals and up to $225,000 per year for couples. Credits up to $8,000 continue for first-time buyers but there is now a $6,500 tax credit for buyers who've owned their current home at least five of the last eight years. However, homes selling for more than $800,000 are not eligible.

Mortgage Rates are still near all time lows.... now is a great time to buy!

www.LeoLends.com - Free Mortgage Pre-Approvals

Leo Nmaiot

Connecticut Mortgages Specialist

First Time Home Buyers Mortgages

First Time Home Buyers Federal Tax Credit and *$6,500.00 credit for home owners who are selling

Thu, 05 Nov 2009 17:33:59 -0600

First-time Homebuyer Tax Credit Extended

The U.S. Congress has approved a bill that extends and broadens tax credits that were set to expire this month. The bill extends the credit for contracts signed by April 30th and closing by June 30th. Income limits are expanded to cover more affluent buyers; couples earning up to $225,000 and individuals earning up to $125,000 annually now qualify.

*The new proposed bill will also creates a new $6,500 credit for qualified buyers who have owned their current home for at least five years. Homes worth more than $800,000 would not be eligible.

President Obama is expected to sign the bill as early as tomorrow.

Connecticut Home Mortgages, CT FHA Loans, CT VA Loans, CT First Time Home Buyers

Thu, 29 Oct 2009 22:23:38 -0500

Federal Housing Administration - FHA Mortgage Loans

Military Veteran's and Those Serving Our Country - VA Mortgage Loans

Connecticut FHA Mortgage Loan Specialists - Connecticut VA Mortgage Loans Specialists

Below is some helpful information on FHA Mortgage Loans and VA Mortgage Loans.

To get started immediately click here for our FHA and VA Loans on-line application.

Federal Housing Administration Loans
Veteran Affairs Loans

FEDERAL HOUSING ADMINISTRATION LOANS

This loan is insured by the Federal Housing Administration. It is open to all qualified home purchasers.

FHA Mortgage Loan Products

FHA Loans - Buying a Home using a FHA Loan
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The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are:

Minimal Down Payment and Closing Costs.

Downpayment 3.5% of Sales Price

100% Financing options available with approved down payment assitant programs

Gift for downpayment and closing costs allowed.

No reserves or required.

FHA regulated closing costs.

Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

FHA will allow a home purchase two years after a Bankruptcy.

FHA will allow a home purchase three years after a Foreclosure.

Easier Debt Ratio & Job Requirement Guidelines such as:

Higher Debt Ratio's than other home loan programs.

Less than two years on the job is allowed in many cases.

Self-Employed individuals o.k.

These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers.

You do not have to be a first time buyer to obtain a FHA loan, anyone may use a FHA loan as long as you do not have more than one FHA insured loan at any one time.

VETERAN AFFAIRS LOANS

The VA Mortgage Loan Program can make it much easier for Veterans to secure a home loan by eliminating the need for a down payment. Also, with careful structuring of the purchase contract, the Veteran can avoid needing cash for closing costs as well.

A VA Mortgage Loan offers a variety of financial benefits for those who qualifies. Over 60 million Americans qualify for benefits from the VA, but many people fail to take advantage of those benefits.

A VA Mortgage Loan can help you purchase a more expensive house,obtain a lower interest rate and offers 100% Financing! Are you eligible for a VA Mortgage Loan? Find out more about VA Mortgage Loans and Zero Down 100% Financing Without Mortgage Insurance for your Home Purchase or Refinance. Let Benchmark Mortgage help you get the a VA Loan at very competitive interest rates. APPLY NOW For A VA Loan.

Requirements

You must be an eligible veteran who has available home loan entitlement.
Your home must be occupied or be occupied in your ownership within a reasonable period of time after closing the loan.
You must have sufficient income to meet the new mortgage payments on the loan, this includes the costs of owning a home, taking care of other obligation and expenses, and income to support your family.
A good credit score is required.

CHFA - First Time Home Buyer Mortgages - Click here for information

Connecticut FHA and VA Home Loans - Apply Online

Connecticut VA Loans / Connecticut FHA Loans / Connecticut CHFA Loans

Tax Credit For Home Buyers, First Time Home Buyers and Well as those who owned a home for 5 years or more

Thu, 29 Oct 2009 19:16:58 -0500

Updated Information

According to the Associated Press, Senators have agreed to extend the tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

Reportedly, Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to buyers who have owned their current homes for at least five years.

The tax credits would be available to buyers who sign sales agreements by the end of April 2010. They would have until the end of June to close on their new homes.
This is a preliminary report, details and conditions may change as the legislation becomes finalized.

More details to follow as they become available.

Leo Namiot

Connecticut Mortgage Specialist

www.LeoLends.com

Are you seeing more activity in home sales?

Wed, 28 Oct 2009 18:30:00 -0500

We all know the $8K federal tax credit has helped move some houses but are you seeing other buyers (non first timers) buying? The past 3+ months house prices have been on the upswing, home sales are increasing and it appears that houses are moving much quicker ( at least around here).

I have been buying foreclosed homes, doing a total renovation and selling them for the past 2 years and I am seeing houses move much quicker than say 10-12 months ago. I have my hand on the pulse daily since I am always looking for a deal.

It appears the inventory is smaller and sales are faster which is a very good thing for all of us.

Are you seeing houses move quicker in your market?

Finding time to do anything these days is tough!

Tue, 27 Oct 2009 20:51:20 -0500

It was not too long ago that I spent countless hours here on activerain, chatting, blogging, commenting etc. Then along came Jillian! wow how life has changed (for the better). All of my active rain time has gone all but away for now at least.

I wonder how I had time to do all I use too do. I would not trade it for all the money in the world!

20 Months later and my little Yankee fan is getting ready to see her first world series championship go to the New York Yankees!

Leo Namiot

Connecticut First Time Home Buyer Specialist

www.LeoLends.com

First Time Home Buyers Tax Credit To Be Extended

Tue, 27 Oct 2009 20:32:06 -0500

The U.S. Senate worked on working out a vote on Tuesday to extend a popular tax break for home buyers that has helped lift the housing market out of its worst slump since the Great Depression,

At day's end there were a few different idea's/plans on the table. "We're close to being able to finish things up," Johnny Isakson, R-Ga., the leading Senate advocate of the home buying credit, said early Tuesday afternoon. "I think we've got a good solution."

This is great news for the housing market which has been on an upswing the past few months.

Those of you who missed the boat may have an opportunity to still take advantage of a Federal Tax Credit if the U.S. Senate could come to an agreement.

Stay tuned in for updates as they become available.

Apply now for a Free Mortgage Pre-Approval www.LeoLends.com

Leo Namiot

Connecticut First Time Home Buyer Mortgage Specialist

CT FHA Loans

CT VA Loans

CT CHFA Loans

First Time Home Buyers $8,000.00 Tax Credit Nears Expiration Date

Fri, 25 Sep 2009 11:16:21 -0500

Just a reminder to all first time home shoppers. The $8,000.00 tax credit expires November 30th, 2009. Your loan must close on or before 11/30/2009 to take advantage of this historic offer. Keep in mind a typical closing is 30-45 days which means you should have your sales and purchase contract and application ready to submit by October 15th or sooner. Keep in mind that there will be a mad dash of people trying to close before the deadline which may extend the closing process time so the earlier you are ready to apply the better. Don't be one of the first time home buyers who missed the boat and could not close in time.

Get A Free Pre-Approval - Apply now http://www.LeoLends.com or call 1-866-334-5626 Toll Free In CT

Leo Namiot

Connecticut Mortgage Specialist

Find me@ www.BiZZwax.com

Connecticut First Time Home Buyers - 100% Financing

Wed, 19 Aug 2009 22:46:01 -0500

CT First Time Home Buyers - you may qualify for up to 100% financing plus closing costs! Now is a great time to buy a home while interest rates are still near all time lows and home prices are still down compared to recent years past.

Find out how much you can can afford with a No Obligation Free Mortgage Pre-Approval today, apply online @ www.LeoLends.com or call me directly toll free in CT 1-800-613-6619.

Free Pre-Approval
Great Low Rates
Up to 100% Financing For Qualified Buyers
Outstanding Service

Leo Namiot

Senior Mortgage Consultant

Connecticut Mortgage Refinancing - Is now the time to do it?

Thu, 14 May 2009 10:14:14 -0500

YES, YES, YES!

Here in Connecticut Mortgage Rates are in the 4's right now and you can save thousands of dollars by taking advantage of these low rates now before they start to move upward. Even if you just bought a home or even refinanced a few months ago, this still may be a great time to refinance.

Let's take a look at a $200,000.00 mortgage @ 5.5 a vs the same $200,000.00 mortgage at 4.75%

If you have a $200,000 mortgage with a rate of 5.5% you pay $1,135.58 a month in Principle and Interest and If I refinance that with a rate of 4.75% you save $92.29 a month(this does not seem like a lot of money but), take that $92.29 month and now apply towards principle and you shaved NEARLY 5 YEARS OFF YOUR MORTGAGES! and SAVES OVER $64,000.00!!! - Let's look at your mortgage you currently have and see what we can do!

It costs you nothing to find out what you may save, Contact me directly for a no obligation mortgage consultation. 860-482-7674 or leolends@yahoo.com

Leo Namiot - Senior Mortgage Banker

www.LeoLends.com

Waterbury CT Single Family Home - Total Renovation! Granite Counters , Stainless Steel

Thu, 16 Apr 2009 22:00:40 -0500

Total Renovation! This single family home is renovated from top to bottom, new roof, windows, siding, kitchen, flooring, bathrooms, granite kitchen counters, stainless steel appliances and much much more, visit www.320Frost.info for more information.

This house needs nothing but a new owner, ready to move in. East End of Waterbury

Free Mortgage Pre-Approval www.LeoLends.com

Connecticut Real Estate Agent - Contact me about our Free Co-Branded Marketing Materials

Thu, 16 Apr 2009 21:55:57 -0500

With the spring market upon us, now is the time to capitalize on new business, our art department offers some great marketing materials to help you get more business! Some of the items we offer are Full color post cards for Just Listed,Just Reduced, Just Sold, Hand out flyers for listed properties.

CT Mortgage Rates Fall Below 5%, Connecticut Mortgage Rates in the 4's

Thu, 16 Apr 2009 21:50:15 -0500

Connecticut Mortgage Rates fall into the 4's ! Purchase or Refinance while rates are at or near all time lows. This window won't last much longer. Get a free mortgage rate quote and pre-approval today www.LeoLends.com

First time home buyers: Don't forget to ask about the $8000.00 tax credit program!

VA Loans, FHA Loans, CHFA Loans, 100% Financing, Jumbo Loans

Leo Namiot

Senior Mortgage Banker

www.LeoLends.com

Now is a great time to buy a home. 5 Great reasons to buy now - Connecticut Home Buyers -

Wed, 18 Mar 2009 09:16:57 -0500

Connecticut First Time Home Buyers, Now Is a Great Time To Buy a Home, Rates are low (take advanatage of near all time low rates before they go up) , House Prices are down ( but not for much longer) and the $8,000.00 refund plan!

Here is some great information I found on market watch today with 5 reason to but a home!

http://www.marketwatch.com/news/story/five-reasons-buying-house-now/story.aspx?guid={01DA1B93-91D1-49E4-A1B1-0ACA9CE66FF4}

Call me or email me for a Free Mortgage Pre-Approval

www.LeoLends.com

Firct Time Home Buyers $8000 Credit! Connecticut First Home Buyers

Wed, 04 Mar 2009 16:22:37 -0600

There has never been a better time to buy a home. The 2009 Housing Stimulus Tax Credit has been set at $8,000. Allow to me to give you a brief rundown of what it entails.

8,000 tax credit is available for first time home buyers. The law defines a first time home buyer as someone that has not owned a home in the past 3 years. All U.S. citizens who file taxes are elegible. Single family homes, townhouses, or condos, and new contruction qualify, however, it must be owner occupied. The home must be occupied for at least 3 years to avoid a recapture tax. The effective dates of this tax credit are from Jan 1, 2009 to Dec 1, 2009. Your home must close within these dates. Income limits apply.
If you are due a $2,000 tax refund, your refund will grow to $10,000

Contact me for a flyer via e-mail with the breakdown and full explaination.

Leo Namiot

Senior Mortgage Banker

www.BenchmarkCT.com

Connecticut Mortgage Rates Fall Below 5% , Purchase, Refinance, Now is the time!

Wed, 17 Dec 2008 15:56:56 -0600

Merry Christmas to everyone who wants a low rate mortgage! Mortgage Rates in Connecticut have fallen to below 5% for qualified borrowers and buyers! These rates have not been around in years! Don't miss this low before it's too late.

Call me today for a no oblihgation mortgage review to see how much money you may be able to save on your current mortgage! 860-482-7674 or toll free in CT 1-866-334-5626

Connecticut VA Mortgages and CT FHA Mortgages: If you have a VA or FHA mortgage we have a simple mortgage refinance program to get you into one of these low rates fast and easy!

Connecticut FHA and VA Mortgages Rates Fall to *5.0%, now is the time to buy or refinance

Thu, 04 Dec 2008 23:29:39 -0600

Connecticut FHA and VA loan rates fall to 5.0% (5.149apr)% today! If you are shopping for a home in Connecticut now is the time to buy, rates are near all time low, housing prices are down and winter is here!

If you have a an existing FHA or VA loan contact Benchmark Mortgage today to see if we can lower your current rate with our simple FHA and VA mortgage refinance program. No appraisal needed, no tax returns, no pay stubs, no income verification. As long as you have a clean mortgage history we may qualify for our simple FHA and VA streamline refinance!

Contact Leo Namiot for a no obligation free consultation....1-866-334-5626 Toll Free in CT www.BenchmarkCT.com

Benchmark Mortgage Connecticut

Direct Mortgage Lender

over 300 office nationwide

Connecticut Mortgage Rates Fall, Low Rates For CT 30 year Fixed

Thu, 04 Dec 2008 14:21:37 -0600

Connecticut Mortgage Rates Fall To low 5's. Now is a great time to refinance or buy a home! Get a free mortgage consulatation today contact me @ 860-482-7674 , 860-283-000 or www.BenchmarkCT.com

Don't miss out on this low in rates, get locked in today.

Leo Namiot

Benchmark Mortgage - Connectciut Mortgage Lender

www.BenchmarkCT.com

Connecticut First Time Home Buyers $7500 Tax Credit!

Wed, 19 Nov 2008 07:33:09 -0600

Right NowConnecticut First-time Home Buyers Could Get up to a $7500 tax credit!

Opportunity of a Lifetime for First-Time Buyers

Thanks to the new 2008 Housing and Economic Recovery Act, first-time home buyers could qualify for a tax break up to $7500!
"First-Time Home Buyers" include any buyers who haven't owned a home in the last 3 years.

For aspiring home owners who find their goal stubbornly elusive, newly enacted legislation providing a tax credit of as much as $7,500 for first-time home buyers might just be the opportunity of a lifetime.

But like so many of the good things in life, time is of the essence for buyers who want to take advantage of this outstanding opportunity. Only homes purchased on or after April 9, 2008 and before July 1, 2009 are eligible. Contact Benchmark Mortgage to learn more about the tax credit.

Benchmark Mortgage - Connecticut Mortgage Lender

860-283-0000

Connecticut First Time Home Buyers Mortgage Options and 100% Financing

Sun, 16 Nov 2008 21:18:12 -0600

Connecticut Mortgages:

First Time Home Buyers who qualify can get up to 100% financing and include closing costs with CHFA and get below market rates! Gift Funds Allowed.

Other options are FHA Mortgage Loans and VA Mortgage Loans.

FHA Mortgages will allow up to 97% LTV for qualified buyer(s) and up to 95% LTV for refinance customers who qualify. FHA is a great program which helps those with lower credit scores, gift funds and seller concessions allowed, new and existing home buyers allowed.

VA Loans: Up to 100% financing for qualified borrowers, no monthly MI, seller concessions and gift funds allowed, for existing and new home buyers.

For a no obligation mortgage consultation and free pre-approval contact the Connecticut Benchmark Mortgage Team www.BenchmarkCT.com or 1-866-334-5626 Toll Free in CT

Connecticut First Time Home Buyer Mortgage Loans, CHFA Mortgage Program, 100% Financing

Mon, 15 Sep 2008 07:02:36 -0500

CHFA Loan

The CHFA loan is a Connecticut specific program that is made available through the Connecticut Housing Finance Authority (CHFA). The CHFA program provides home ownership opportunities to low- and moderate-income families throughout the state. Qualified borrowers must fit the Authority's criteria in order to participate in the program, including loan and income limits. Borrowers benefit from low interest rates, an easy lending process, and low down payments. It offers home ownership opportunities to those who might not benefit from conventional lending programs.

CHFA product benefits:

Zero Down payment if you are eligible. (100% financing including closing cost may be available)
Various programs and benefits for Teachers, Police Officers and many others.
The interest rate is fixed for 30 years offering a steady reliable payment.

More CHFA Information

The CHFA Loan program is not for everyone, and there are other options available based on your specific needs. If you would like to speak with someone to see if CHFA Loan program is right for you please call toll free in Connecticut 1-866-334-LOAN(5626) or click here

50% Off Homes In Connecticut - CT Real Estate

Wed, 27 Aug 2008 20:00:09 -0500

Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.

Contact Benchmark Mortgage Connecticut For More Details!

Benchmark Mortgage

www.BenchmarkCT.com

860-283-0000

Hi

Wed, 27 Aug 2008 19:56:59 -0500

Thanks for the invite to the new group. Good luck!

Leo Namiot

Mortgage Banker

Benchmark Mortgage - Connecticut

www.BenchmarkCT.com

2 Family - Renovated - Needs Nothing, Just Move in! Waterbury CT

Tue, 26 Aug 2008 20:54:43 -0500

Completely updated 2 Family Home on nice corner lot at dead end street, walk to Waterville park, Nothing to do here but move in!. Great opportunity to live in one unit and rent the other or investors take notice, the number work with this property! Close to RT 8 and Minutes from rt 84.

What's New? New roof, new vinyl siding,new seemless gutters,new bathrooms,new kitchens, new floor covering, updated electrical, just painted inside, new garage doors, new back porches, new paved driveway and walkway, new plumbing, new vinyl windows, new interior doors, new front door, new shrubs,new interior lighing fixtures, too much to list everything..... Must see, don't let this one pass you by. Each unit is approx 820 sq ft and has 2 Bedrooms, 1 Bath , Living Room and Kitchen. Gas hot water, Hydro-Electric baseboard heat

See more @ www.46Manville.info

Get pre-approved for a mortgage @ www.LeoLends.com