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Connecticut Mortgages(CT)According to The Hartford Courant, the real estate market in 2006 is cooling, but still expected to remain strong after two years of rapid price rises. Sales are down slightly from last year, which was a record-breaking year in Connecticut. Inventories of housing are rising, fueling a buyer’s market. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in Connecticut. Quick Connecticut Housing factsPercent of Connecticutians who own a home: 66.8%Percent of Renters in Connecticut: 33.2% Median Connecticut Household Income: $54,788 Best City to live in Connecticut: Greenwich, Connecticut How much house can I afford in ConnecticutBecause of the high cost of housing, one of the biggest problems facing Connecticut homebuyers is figuring out how much house you can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget. Other factors to consider when choosing your loan is: what are the tax implications, what is your debt-to-income ratio, and how much you can afford on a monthly payment. All of these questions are good to ask yourself even if you are refinancing, getting a home equity loan, or looking to buy a new home.Request a Connecticut Mortgage Quote >>
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