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.



Since I posted the story about the Gemma Moran Food Pantry being empty, I have received checks and food at the office each day.  Thank you to all of the generous people that have been contributing.An article just appeared on the front page of the newspaper today reporting on the plight of the foo...
We have been working with a client that is able to take advantage of the ALPHABET SOUP of mortgage programs:CHFA-PMI-ADDI-UR.  That mouthful means the first mortgage is coming from Connecticut Housing Finance Authority.  The insurance on the loan is coming from Genworth, a private mortgage insura...
Our office is open today although it appears many other offices are closed for the Veterans Day holiday.  With most clients thinking that we aren't here, it is a little quieter than usual.  It is nice that this happens once in a while.  I find that I can get caught up on lots of little things but...
The effects of last year's hurricanes in the Gulf of Mexico are being felt in SE CT.  Having worked in the mortgage industry for the last 26 + years, I have always tried to use a fair estimate for Homeowners Insurance premiums in my calculations for potential mortgage payments.As of late the esti...
A recent post of mine mentioned the food pantry needing to be restocked in New London, CT. Fellow Active Rainer,  Linda Davis suggested contacting the Eastern Connecticut Association of Realtors to see if they might lend a hand.  An e-mail was broadcast to approximatley 1,400 Realtors in the boar...
At lunch today, I spoke with a business partner of mine who related the following:He heats his house with a wood stove and goes down to the basement every evening to start the stove.  He uses a fire starter that has a child-proof lock on it.  His 3 1/2 year old follows him down to the basement qu...
8 more pieces of political mail came to the office, 6 more to the house, 3 automated phone calls just tonight and 3 taped message on the home voice mail.  WOW.  Enough is enough.  I can't ever remember getting hit this hard.  How can I forget that the TV had ads at every break for one candidate o...
The combination of CHFA and VA is hard to beat for active duty veterans.  The Connecticut Housing Finance Authority just lowered their interest rate to 5.25% with 1 point.  That is the best 30 year fixed rate in CT.  On top of that, CHFA will give an active duty veteran a further rate reduction o...
This is the best time of the year for me. A lot of my competitors assume that since it is the holiday season that nobody is going to buy or sell a house and need a mortgage.  When I look back at my statistics for all of my years in the business, I find that November and December are some of my be...
Yesterday I received one of the most disturbing e-mails that I have received in a long time.  There is a food distribution center called the Gemma Moran Food Pantry in New London, Connecticut that was established to act as a warehouse and distribution center for donated food stuffs.  It serves th...

Philip Turner

Mortgage Banker Since 1980
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