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What Does a Home Inspector Look For?

Ever wonder what goes on in a home inspection? From the foundation to the roof, a home inspector meticulously evaluates all aspects of a property. Here are a few of the many things they are looking for: Foundation: The foundation is what holds everything together. A solid properly aligned foundation is crucial, especially when considering…

How Much Should You Save for a House?

While the thought of owning a home is thrilling, meticulous planning and discipline is needed to save for a house. The first step is to establish a budget, especially for renters, to help determine an affordable monthly payment. A common rule suggests not exceeding one-third of your income on housing expenses.  It is important to…

What Do Closing Costs Include?

Buying a home gives you a great feeling of accomplishment, however, it comes with multiple expenses beyond the purchase price. These expenses are essential to the final stages of the process, and having a clear understanding of what they include will help you prepare financially. Read on for what closing costs include, gain practical tips…

First Generation Home Buyer Class in East Hartford on December 7

Chelsea Groton Bank is facilitating a free First Generation Home Buyer class on Thursday, December 7, 2023 from 5:30 – 7:30 PM at Goodwin University in East Hartford. An option to join on Zoom is also available. Anyone interested in attending must register at www.ChelseaGroton.com/Events to receive more in-person event details and/or online log-in information….

What to Know Before You Buy A Home

Purchasing a house is a huge milestone, one that involves both financial and emotional considerations. Here are 10 tips to help you make informed decisions and embark on your home-buying journey with confidence. Before researching specific homes, start by researching different neighborhoods to find the one that suits your lifestyle. You should also consider factors…

Karen Bilodeau Joins Chelsea Groton Bank as Residential Lender

Karen Bilodeau, NMLS# 111122, recently joined Chelsea Groton Bank as a Residential Lender. In this role, Karen will aid homebuyers and homeowners in the Greater Hartford area to help find the optimal lending solution based on their specific needs. Karen will be based out of the Bank’s Loan Production Office in Glastonbury, CT. “With over…

Find Your Home with Peace of Mind

Sometimes, in the excitement and nerves of looking to find a home, a potential renter or buyer could be more susceptible to falling for scams, and scammers know this. USA.gov and the Federal Trade Commission shared several scams to be on the lookout for while you’re on your next house hunt. Rental scams Rental scams…

CHFA “Time To Own” Program Available at Chelsea Groton Bank

Chelsea Groton is one of 12 lenders in Connecticut participating in the CT Housing and Finance Authority (CHFA) “Time To Own” forgivable down payment assistance program. The “Time to Own” program is being administered by CHFA on behalf of the Connecticut Department of Housing. The program offers down payment and closing cost assistance to low-…

Chelsea Groton Bank Proudly Offers Homebuyer Assistance Program for Persons with Documented Disabilities

Chelsea Groton Bank is pleased to partner with the Connecticut Housing Finance Authority (CHFA) to help borrowers with documented disabilities to purchase their first home, through the Home of Your Own Program.  The Home of Your Own Program allows borrowers to be eligible for a low-interest rate loan and down-payment assistance if the borrower or…

5 Smart Steps to Buying a Home

If you’re looking to purchase a home, it’s important to take certain steps ahead of time, so when you find the perfect home, you’re ready to make an offer. Here are five steps to buying a home to keep in mind: 1. Get your credit in order. Having good credit is essential to getting approved for…