New London Phil's Blog

Mortgage and Lending - MCCUE MORTGAGE COMPANY
Mortgage information and lots of other thoughts from a long time SE Connecticut home financing professional.



This morning I attended my weekly BNI(Business Network International) meeting.  At these weekly meetings we are given the opportunity to present a 60 second commercial to the group.  Everyone in attendance stands when their turn comes around, introduces themselves and asks for help from their fel...
For a period of time we offered twelve different mortgage programs with 100% financing.  Many of them have disappeared with the demise of the sub-prime and Alt A programs.  One of the surviving and one of the oldest 100% mortgage programs is the VA guaranteed mortgage program.  In various forms t...
If you are a first time home buyer there is lots of good news in the real estate market.  This news includes good competitive rates. Most 30 year fixed rates are holding in the high 5% - low 6% range.The mortgaga programs such as VA, FHA, CHFA & Rural Development are still available.  They are no...
Fellow AR's, please check out  It is a website that rewards you for your vocabulary knowledge and at the same time helps to feed the world.  A number of large companies have agreed to donate 10 grains of rice for every correct answer on a vocabulary quiz.  There are all differen...
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 (Wednesda...
Have you noticed that the old standbys of Conventional FNMA/FREDDIE MAC, GOVT (VA, FHA, Rural Devel, CHFA) and JUMBO loans are back?  ( or maybe they never disappeared )Almost every article that I read in the paper or every segment on the TV talks about the problems that people are having with th...
Last Sunday I posted a blog entry about real estate signs vs. political signs.  I am pleased to say that everything has returned to normal.  The real estate FOR SALE signs are still there and just a very few political signs remain.  Now that the emphasis is on the real estate signs again, we shou...
There are concerns expressed in the media about real estate inventory building.  There are a number of homes on the market as measured by the real estate signs in SE CT but they are far outnumbered (at least until Tuesday) by the political signs.  I just spent a couple of hours out visiting Open ...

Philip Turner

Mortgage Banker Since 1980
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