Mortgage Services

A calculator and Motgage porms with a toy model of a home representing Mortgage pre-approval

How Much Home
Can I Afford?

Before you begin to shop for a home, you’ll need an idea of how much you can afford, and if you are going to need a mortgage to help you with your real estate purchase (most of us do!).  Get started by getting organized!  Gather your tax returns for the past few years, investment statements, bank statements.  Know your most recent credit score, which you can often get for free from your credit card company, and you can get a copy of your credit report by following these steps outlined by the FTC.

Understanding Your
Credit Score

Your credit score impacts the mortgage rate you'll qualify for and can mean the difference between being able to purchase a home with a mortgage or having to continue renting. The higher your credit score, the less interest you will have to pay each month and overall. Various organizations provide different credit scores. The FICO score is the best known and most widely used. A FICO score ranges from 300 to 850, and those with scores of 740 and higher are typically entitled to the best interest rates.

A credit history document and a pen


The best advantage you can give yourself as a buyer is to get pre-approved for a mortgage. Being pre-approved demonstrates to home sellers (and your real estate agent) shows sellers that you are a serious buyer, and that a bank is conditionally willing to loan you a certain amount for your home purchase.  

Learn other benefits of securing pre-approval and all your mortgage options before you shop for homes. Contact one of our mortgage service providers below for more information.

Our Trusted
Mortgage Partners

Kelly McGuinness, NMLS# 99282

Kelly McGuinness, NMLS# 99282
Prime Lending
612 Wheelers Farms Road, FL 1
Milford, CT 06461
Phone: (203) 951-4170

Gerard McGuinness, NMLS# 13649

Gerard McGuinness, NMLS# 13649
Prime Lending
741 Boston Post Road
Madison, CT 06443
Phone: (203) 627-2895

Scott Beckwith

Scott Beckwith, President, NMLS # 6551
New England Lending, Powered by Novus Home Mortgage
707 Main Street Branford, CT 06405
Phone: (203) 627-9812