New Jersey Refinance

November 17, 2012

How to Save Money with A New Jersey Refinance

There has never been a better time to refinance than now. Interest rates are the lowest ever and will only continue to gradually rise going into 2012. If you are considering a New Jersey Refinance, you will want to get a better understanding of the process. Take a look at these benefits and useful refinancing tips that will allow you to get the best deals.

New Jersey Refinance

Because financial situations can change, it’s possible that you’re now in a position where you can pay off your mortgage quicker than you had originally thought. By remaining under your existing mortgage as it is, it’s possible that you’ll be stuck paying more interest than you really need. Refinancing your home will allow you to avoid paying as much interest on interest, by focusing your money into paying down your actual mortgage.

One reality of the economy is that it is never constant. Interest rates fluctuate, and can drop below what you are paying under your current mortgage. No one likes paying more money than they have to, but if the interest rate you are paying is too high, you are losing money with each payment. A great refinancing tip is to look around interest rates offered other than your current provider, to make sure you are not paying too much. Refinancing can allow you to take control of your payments.

New Jersey Refinance benefits are even more pronounced if you have high interest debts. Refinancing your home allows you to pay off these debts with your home equity to take advantage of the lower interest rate on your mortgage. By not refinancing, you waste money every high interest payment on these loans.

Refinancing can be lucrative for big banks with high overhead. Steer clear of the huge fees that they use to make a huge profit when you refinance. First Lenders Mortgage uses its low expenses to give the customer the best deal, offering refinancing without fees. First Lenders Mortgage has been trusted for over 19 years as the best place to get the lowest New Jersey Refinance rates from a licensed mortgage banker.

A useful New Jersey Refinance tip is to look into how long it takes to get your application approved and locked in. Most companies and banks will often delay your application approval for 45 days or more from application to closing, leaving you anxiously waiting and unsure if you will be approved. Some banks have been known to let the process drag on over two months without any guarantees. First Lenders Mortgage is different, using a streamlined mortgage application process which allows them to give you the best rates and terms in under 30 days.

Another tactic you’ll see from large banking institutions is a refusal to offer you closing cost credits, meaning you’ll have to pay more out of pocket each month. First Lenders Mortgage is proud to offerclosing cost credits as just another way for you to save more money and keep your payments that much lower. If you are looking to shorten your mortgage, pay off high interest debt, or just looking to get the best New Jersey mortgage rates, you need to act now. Take a quick moment to fill out the contact form to the right to quickly get an idea of how much you will save, or call (723) 233-1128 to find outhow to refinance in New Jersey today.

New Jersey Mortgage RatesNJ Mortgage RatesMortgage Rates in NJNo Closing Cost Refinance NJ, No Closing Cost Rates NJJumbo Mortgage New JerseyNew Jersey Mortgage LendersNJ Super Conforming Jumbo RatesNJ Mortgage Rates Refinance

Advertisements

Fannie Chart

November 17, 2012

Fannie Mae Pricing Chart That All Fannie/Freddie Lenders Use To Price Mortgages

This pricing chart below shows all the pricing adjustments based on credit score and loan to value that all Fannie Mae lenders use when pricing out a mortgage for borrowers. NOTE: These pricing adjustments are to the COST, NOT to the interest rate.

NOTICE: Now Fannie/Freddie has a .25% pricing hit to the cost when your loan to value is between 75.01 to 80% LTV for a 740+ Purchase/R&T AND a .50% pricing adjustment for a “cashout refinance”.

This chart is to help borrowers when they are shopping for the best rate. This is the same chart we use when pricing out loans sold to Fannie and Freddie!

Call us with any questions!

Fannie Mae Chart

New Jersey Mortgage RatesNJ Mortgage RatesMortgage Rates in NJNo Closing Cost Refinance NJ, No Closing Cost Rates NJJumbo Mortgage New JerseyNew Jersey Mortgage LendersNJ Super Conforming Jumbo RatesNJ Mortgage Rates Refinance


New Jersey Mortgage Rates

November 14, 2012

LOWEST NEW JERSEY MORTGAGE RATES!!

ASK ABOUT OUR NEW JERSEY DU REFI PLUS AND HARP 2.0

MORTGAGE RATES

  • WE NOW OFFER DU REFI PLUS AND NEW HARP 2.0 MORTGAGES
  • WE HAVE BEEN IN BUSINESS FOR 19 YEARS!
  • WE STILL CLOSE LOANS IN 30 DAYS!
  • WE HAVE NO FEES OURSELVES!
  • WE ARE A NEW JERSEY LICENSED MORTGAGE BANKER
  • WE OFFER THE LOWEST NEW JERSEY MORTGAGE RATES
  • WE BEAT ALL MAJOR BANKS ALWAYS!

————————————————————————————-

CURRENT  PROMOTION!!!!!!!

30 YEAR FIXED
3.375%

NO CLOSING COSTS !!
275,000 UP TO 417,000

75 LTV, NO Cashout, Escrows, Single family, No Second Mortgages,
45 Day Lock, Primary Residence

 New Jersey Mortgage RatesNJ Mortgage Rates, Mortgage Rates in NJNo Closing Cost Refinance NJ, No Closing Cost Rates NJJumbo Mortgage New JerseyNew Jersey Mortgage LendersNJ Super Conforming Jumbo RatesNJ Mortgage Rates Refinance