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Events:
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Enjoy cold refreshments and say hello to the staff of BCI Financial and Constitution Mortgage at 219 South Main during the Cheshire Memorial Day Parade on Sunday, May 27. |
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BCI Financial and Constitution Mortgage are proud to be a Gold Level Corporate Sponsor for the 2012 Cheshire Relay for Life on June 8 and 9. |
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1016 pounds of food and essential items were collected for the Cheshire Community Food Pantry on our shredding event on March 31. Thank you to everyone for supporting BCI Financial and Constitution Mortgage on our first community sponsored event. |
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FHA streamline refinance gets cheaper
The government is about to make refinancing FHA mortgages more affordable -- and potentially easier -- for hundreds of thousands of homeowners reports Polyana da Costa of Bankrate.com.
The Federal Housing Administration will reduce mortgage fees significantly for borrowers who qualify for the FHA's streamline refinance program. The lower fees go into effect June 11 and will be available to borrowers who refinance loans that were endorsed by the FHA before June 2009. Talk to one of our staff at 203-439-9400 x427 to determine your eligibility.
Are you eligible?
To qualify for the reduced fees on streamline refinances, the borrower must:
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Have a mortgage already insured by the FHA.
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Be current on the mortgage.
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Have a mortgage that was endorsed by the FHA before June 2009.
It's important to remember that just because you closed the loan before June, it doesn't mean the mortgage was FHA-endorsed by the cutoff deadline. There could have been a 60-day gap from the time your mortgage closed to the time your loan documents arrived at the FHA for endorsement.
No appraisal required, but some lenders have overlays
As long as your mortgage payments decrease by at least 5 percent with the refinance, the lender does not have to order an appraisal of your home. This helps homeowners who are upside down on their mortgages.
Read more from Bankrate. |
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Errors in Your Credit Report: Now What? |
Credit reports contain your personal financial information. Incorrect information can affect your ability to get a loan, rent housing, or get a job because businesses often make their decisions based on that data.
Keep your reports accurate:
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You are allowed one free report every 12 months from each credit bureau: Experian, Equifax, and TransUnion. Visit www.annualcreditreport.com or call 877-322-8228.
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Check the basics first. Check variations in name, Social Security number, and address. Experian lists all variations reported to it to ensure the consumer has a full account of the identifying information reported and can act on it. Often, variations are simply the use of a nickname or a transposed address digit.
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Verify data. Some can get complicated. If a loan is sold, the lender listed may not be the original.
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Look for errors. Problems can be large or small. A study by the Policy and Economic Research Council, Durham, N.C., of more than 2,000 consumers found that only 0.93% of credit reports examined by consumers prompted a dispute that resulted in a credit score change of 25 points or more. It also found that only 0.50% of consumers had credit scores that moved to a higher “credit risk tier” upon dispute resolution.
When counselors at credit counseling agencies review reports with clients, they often find that the unfavorable information is valid. But when it is in error, it’s important to start the correction process right away.
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Dispute errors. Contact the company that has provided the incorrect information and the credit reporting agency in writing and keep copies. Work with both the source of the information and the credit reporting company to resolve the issue quickly.
For help understanding your credit score, talk to the professionals at Constitution Mortgage at 203-439-9400 x427. They will be happy to explain the details.
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Delicious Recipes of the Month:
Spanish Chicken and Potato Roast
This recipe is delicious and full of flavor. The spice in the chicken mixed with the lemon juice makes for a perfect combination. This is a super easy recipe to make when you don't want to slave over a hot stove and the clean up is even easier. Everyone is sure to love this dish, perfect for Spring!
Click Here for the Full Recipe by FoodNetwork.com
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Pineapple Upside Down Cake from Gail |
Ingredients
4 eggs
1/2 cup butter
1 cup light brown sugar
1 12 oz. can pineapple sliced
maraschino cherries
1 cup flour
1 teaspoon baking powder
dash salt
1 cup sugar
1 Tablespoon butter melted
1 teaspoon almond extract
Directions:
Preheat oven to 325 degrees.
In a heavy skillet (heat resistant handle) melt 1/2 cup butter over low heat. Remove from heat. Sprinkle brown sugar evenly over pan. Arrange pineapple slices to cover bottom on skillet. Insert cherries around pineapple. Set aside.
Sift together, flour, baking powder and salt.
Separate the eggs into two bowls. In large bowl beat egg whites just until soft peaks. Add white sugar gradually, beating well after each addition. Beat until stiff peaks form. In small bowl, beat egg yolks at high speed until very thick and yellow. With wire whisk, fold egg yolks and flour mixture to egg whites until blended. Fold in 1 Tablespoon melted butter and almond extract.
Spread batter evenly over pineapples in skillet.
Bake 30 to 35 minutes
Loosen edges of the cake with table knife.
Cool for about 5 minutes then transfer to serving plate. |
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