durham: Wordless Wednesday - 07/01/09 01:53 PM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
(13 comments)

durham: Another Happy Ending. - 06/30/09 02:04 PM
Yesterday I wrote a blog about a loan that was really tough to get to the Closing Table.  Well today I had one that was the opposite.  It was a loan that Andrea Swiedler referred the Buyers to me.
Both Andrea and the Buyers were a real pleasure to work with, everything I asked for was provide immediately.  Andrea is a true Pro and really, really knows her stuff.  The Buyers had lots of questions, but all of them were very well thought out, and a couple of times helped to direct me to the answers.
This deal went as smooth … (9 comments)

durham: Speechless Sunday - 06/28/09 01:04 PM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
(22 comments)

durham: I Am Ready For A Little Sunshine ....... But I Would Settle Right Now For My Fried Whole Belly Clams :) - 06/26/09 01:19 PM
Connecticut has been getting rain just about everyday for several days now.  It hasn't been anything major, but just a lot of steady rain, that is up until today. 
The day started out very warm and humid, with the sun making an effort to show itself, which I was glad for because I was having a new roof put on my house and was hoping that they could complete it today (they started yesterday).  I got my wish the weather cooperated up until noon, which was just enough time for the Roofers to finish, and even clean up.  But no sooner … (5 comments)

durham: Cromwell Connecticut Host The Travelers Chammpionship This Week. - 06/25/09 01:28 PM
This week the Travelers Championship has been going on in Cromwell, Connecticut.  This exciting PGA Golf Tournament started on Monday the 22nd with a week full of various activities before the serious glof begins this weekend.  More than 200,000 spectators are expected to be at the TCP River Highlands Golf Coures.
The field will be lead by golfers such as Sergio Garcia, currently the No. 3 ranked player in the world; Vijay Singh, reigning FedExCup champion; and 2008 Champion Stewart Cink.  Other well known golfers that are also here this week are Paul Azinger, Ricky Barnes, Chad Campbell, , Ben Crane, … (5 comments)

durham: Wordless Wednesday - 06/24/09 02:57 PM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
(27 comments)

durham: FHA The Main Loan Program In Connecticut!!! - 06/23/09 03:20 PM
While the title says that FHA is the main loan program in Connecticut, the truth is that FHA is probably the main Loan Program in many other states as well.  With all of the changes that have happened in the last year to Fannie Mae, Freddie Mac, PMI Companies, and changes in Appraisal Guidelines, have made FHA is a very attractive Loan Product right now.
In the past year we have seen Freddie Mac and Fannie Mae incorporate several point adjustments into the pricing of loans that are backed by them.  There are hits for points if the FICO Score is … (9 comments)

durham: Whose Decision Is It!!! - 06/22/09 02:38 PM
One of the great faults that many people in sales have is thinking that they know better than their clients.  They feel that their knowledge of the product that they are selling somehow entitles them to the freedom of making decisions for those who are the ones who are spending the money.  Having this feeling or attitude creates many unnecessary problems.  Having this feeling or attitude leads the sales person to somehow think that they have the right to decide what their clients should purchase, and how much they should purchase.  After all they are the experts on the product and … (24 comments)

durham: Speechless Sunday - 06/21/09 10:19 AM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
 
(27 comments)

durham: Happy Father's Day!!! - 06/20/09 11:50 AM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
(17 comments)

durham: Be Careful Of What You Receive In The Mail! - 06/19/09 03:09 PM
Lately more and more of my Borrowers having been calling me, because they have been receiving offers in the mail that make it seem like they were sent by us.  These offer covered a number of areas, from refinancing, loan modification, bi-weekly payments, lower interest rates as well as others.
These offers are not sent on McCue Mortgage Letterhead, but will mention McCue Mortgage very early in the letter, and are worded in a way to make the Borrower think the letter was sent from us.  This is a very sneaky way of trying to get the Borrower to call the … (11 comments)

durham: Fannie Mae Ratio's Increasing. - 06/18/09 02:15 PM
At the end of March I wrote a blog about FHA loosening up on Debt-To-Income ratios. Up until that point I had not been able to get an Approved/Eligible on a FHA Loan with front ratios higher than 38 and back ratios higher than 52. Since then I have gotten Approved/Eligible’s on FHA Loans with ratios 43+ on the front and 57 on the back.
Well this past week I started to see a similar change with Fannie Mae. Up until now I had not seen an Approved/Eligible on a Fannie Mae (Conventional) Loan with Debt-To-Income ratios higher than about 41/55. … (12 comments)

durham: Wordless Wednesday - 06/17/09 02:28 PM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
(26 comments)

durham: FHA ........ Major Condo Approval Change!!! - 06/16/09 10:47 PM
Well so much for my blog yesterday about not having seen any change to the Underwriting Guidelines lately. This morning my office made me aware of FHA's latest Mortgagee Letter 2009-19 that was issued on June 12th.  In this latest Mortgagee Letter FHA is announcing MAJOR change to their Condo Approval Process.
"In accordance with the passage of the Housing and Economic Recovery Act (HERA) of 2008, the Federal Housing Administration (FHA) is implementing a new approval process for Condominium Projects to insure mortgages on individual units under Section 203(b) of the National Housing Act. FHA will now allow lenders to … (66 comments)

durham: Market Update - 06/15/09 04:03 AM
Looks like things have calmed down a bit, and hopefully Buyers will take advantage of this before the next storm hits.
Over the last two to three weeks we have been seeing a lot of volatility in the market and as a result we saw a major upward movement in the interest rates. Prior to that it was changes to the Underwriting Guidelines for many of the Loan Programs, especially Fannie Mae and Freddie Mac.  FHA saw some change as well in particularly to effort that were made to make the $8,000 Tax Credit available prior to Closing.
The end of … (5 comments)

durham: Wordless Sunday - 06/14/09 12:36 PM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
(11 comments)

durham: Winning Proposal For The New York Yankees. - 06/13/09 02:03 PM
As many of you know from some of my older blogs I love sports, especially baseball.  I am also a huge Yankee Fan, and have been so since I was 8 years old.
One of the great things about living in New England for those of us who love sports is the great rivalry amongst our sport teams and fans.  Among these rivalries the biggest ones are between Boston and New York Fans.  We have the rivalries between the Celtics and Knicks, Bruins and Ranger, Patriots and Jets, and the biggest one of all Red Sox and Yankees.
This past week … (8 comments)

durham: OH NO ............. What Happened To My TV Picture????? - 06/12/09 03:52 AM
It was all over the news yesterday and on the news again today, it was even one of the lead stories on Yahoo Tech News this morning, Analog TV is now a part of history.  After months and months of announcements, warnings, and delays, it is still expected that more than 1 million households will be without TV service, because they did not convert over to digital.
The analog signal has been around for about 60 years, t is what most of us grew up with.  I still remember watching TV on a little black and white screen, and we were … (12 comments)

durham: Middlesex County Chamber Of Commerce .......... Energy Expo and Forum - 06/11/09 01:33 PM
The Middlesex County Chamber of Commerce is in my opinion the busiest Chamber in the state.  I have bloged about some of the events that they have held in the past, especially the Business After Hours they they hold just about every month.
The latest event that has caught my eye and I think worth passing along is the Energy Expo and Forum that the Chamber will be hosting on June 23rd as part of the Travelers Championship breakfast meeting.  The purpose of this Expo and Forum is to Develope Strategies for business to manage their energy costs.
Leaders from the … (5 comments)

durham: Wordless Wednesday - 06/10/09 09:38 AM

 
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
(18 comments)

 
George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages)

George Souto

Your Connecticut Mortgage Expert

Middletown, CT

More about me…

George Souto NMLS #65149 FHA, CHFA, VA Mortgages

Address: One Liberty Sq., PO Box 1000, New Britain, Ct, 06050

Office: (860) 573-1308

Mobile: (860) 573-1308



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