Mortgage Confusion

According to a survey recently administered by, apparently 30% of US homeowners have no idea what type of mortgage they own. One of the biggest investments a person will ever make and they don’t understand the terms of the loan, or the implications of how their monthly payments will change as interest rates fluctuate.

It frustrates me to know that mortgage lenders and real estate professionals took advantage of individuals that didn’t know what questions to ask and were guided to products that weren’t necessarily in their long term interests. Of course, not all lenders and agents took advantage of inexperienced buyers, but those that did tarnish the image of all real estate industry professionals.

When buying a home, people should understand what they are buying and all of the costs involved. This includes transaction costs, potential resale value of a home and how value could be improved, long term cost considerations such as rising taxes, changing interest rates, etc. Consumers need to make informed decisions because a misinformed decision could potentially be financially devastating down the line. If you feel that your advisors in the home buying process aren’t fully answering your questions or straight forward in their responses, call them out on it. Just as you would do with a doctor, get a second opinion.

And here we go…

Welcome to the Neighborhood!

I’m going to use this space to share my thoughts about real estate in and around Hartford, CT. I would definitely like to interact with readers to see what folks have on their minds, so please post your thoughts and questions.

Rather than going through my background here, I’m going to send you over to my main site,, where you can find more information about me and more importantly about buying and selling homes.

Finally, I’m going to try to post regularly, so check back often to see what’s new. Pages will also be added to the main site as I continue to develop content that is hopefully interesting and useful.

Thanks again for visiting!