Buying a Foreclosed Property: 5 Risks to Watch Out For

June 27, 2022 by Leave a comment

There are few investments better than real estate; however, all investments carry some degree of risk by nature. This risk is even more prominent in investments like real estate, which has incredibly low liquidity.  While many investors look at real estate acquisition as relatively safe, this can change drastically when buying a property that was... View Article

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How to Fix Credit Scores: 4 Steps to Repairing a Bad Credit Score

June 21, 2022 by Leave a comment

When it comes time to reach a major financial milestone like buying a home, the negative information on your credit report could interfere with your dreams. Fortunately, there are steps you can take to improve a poor credit score and work towards homeownership.  In this article, we will explore the process of repairing damaged credit.... View Article

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Employee Spotlight: Carmen Roman

June 17, 2022 by Leave a comment

Hello! My name is Carmen. I'm the Social Media Manager at Total Mortgage and usually the person putting together the employee spotlights! I'm a New Haven, CT native and received my Bachelor's degree in Business Administration with a concentration in Marketing. 

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What is Compound Interest on a Loan?

June 14, 2022 by Leave a comment

When taking out a loan, there are many aspects to consider. Inevitably, you will have interest on the borrowed amount, which can be simple interest or compounded interest.  Compounded interest is compounded daily, monthly, or annually. When compounding occurs, the interest is added to the amount owed. It can provide lower interest rates, but it’s... View Article

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