New Search
If you are not happy with the results below please do another search
Blog Post
Refinancing can be a confusing and overwhelming process, as there are a variety of different options available to you. But don't fret, you're not alone in your confusion. Many people struggle to understand the complex differences between the many types of refinance loans. One type of refinance loan, rate and term refinancing, can be explained rather easily: Rate-and-Term Refinancing Rate and term refinancing is one of the most popular refinancing options. This is largely due to the low interest rates that it can reward homeowners who opt for it. Prior to the 2008 financial crisis, mortgage rates were very high,...
read more →
Blog Post
If you're looking to refinance your mortgage, there are different options available for you to choose from. One option is cash-out refinancing. Cash-out refinancing allows homeowners to tap into the equity of their home and get cash back in return. This is done by refinancing your home with a loan larger than your existing one. Here's an example to help illustrate a cash-out refi scenario: Let's say you own a home valued at $350,000 and owe $250,000 on the existing mortgage. This means you've built $100,000 in equity. Now, if you wish to refinance, you can take out some amount of money...
read more →
Blog Post
Is it possible to refinance a mortgage with a low credit score? Answer: Yes. The downside, however, is that you will receive high interest rates and otherwise undesirable terms for the mortgage. Before thinking about refinancing or purchasing a mortgage, you should find out what your credit score is and research typical refinancing rates for a credit score like yours. In January of 2017, 72.13% of people who refinanced their mortgages had a credit score of 700 or higher and another 17.69% had credit scores above 650. Here is a basic overview of how your credit will affect mortgage eligibility:...
read more →
Blog Post
Refinancing your mortgage is a great way to afford your home despite rising rates. This allows a borrower to pay off an existing loan and replace it with new loan. Reasons to refinance your mortgage: 1. Get a lower interest rate The most common reason for refinancing a mortgage is lowering the existing interest rate. Reducing this interest rate saves money and increases the rate of building equity in your home. It also decreases the size of your monthly mortgage payment. 2. Convert an Adjustable Rate Mortgage (ARM) to a fixed rate With an Adjustable Rate Mortgage (ARM), interest rates vary...
read more →
Blog Post
Should I Refinance My Home Loan if I Only Plan on Living There for a Few Years? Many first time home owners consider refinancing their mortgage. Refinancing a mortgage consists of paying off the current mortgage and replacing it. Homeowners often take this route to lower their interest rates, shorten mortgage terms, consolidate debt, etc. Refinancing your mortgage is a great opportunity to save money long term. While there are many benefits to refinancing a mortgage, it is important to consider how long you intend to live in your current home. If you are only planning to live in your home...
read more →
Blog Post
There are a variety of reasons to refinance your home, from lowering monthly payments to building your home's equity. There are many loan options you can take advantage of when refinancing your home, so it is important to figure out what's best for you. Types of Refinancing Loans Rate-and-Term Refinance Loans The rate-and-term refinance loan is the most popular refinancing loan. It is used to pay off the original mortgage, which is then replaced with a new loan. Fixed-Rate Refinance Mortgage Loans A fixed-rate mortgage loan sets a monthly payment during the time of the loan. The monthly principal and...
read more →
Blog Post
What is HARP? The Home Affordability Refinance Program, or HARP, is a HUD-sponsored program intended to help lower income homeowners with refinancing. Started in 2009 after the financial crisis, HARP can help people with low home equity refinance their homes and save themselves money. Although this program ends on September 30th of this year, there is still time to take advantage of it if you're eligible. HARP Eligibility There are a few key criteria that you must meet in order to qualify for HARP: Your mortgage must be owned by either Fannie Mae or Freddie Mac Fannie Mae and Freddie...
read more →
Blog Post
Planning for Housing After Retirement When you are ready to take the step into retirement, that are many things that are important to consider. One of these things may be real estate. Here are some things that you may want to take into consideration if/when you are in this situation. 1. Is it in the right area? You will no longer need to be concerned with whether or not your home is in a good school area so you may want to pay attention to other features that may be more important to you. You might want to stay in your...
read more →
Blog Post
Comparing mortgage rates is often the most time-consuming part of mortgage shopping. Mortgage fees include more than just interest rates, so make sure to check the details of all mortgage-related fees when shopping around for mortgage rates. Remember to take into account the quoted rate, points, annual percentage rate, closing costs, and other possible fees. What are mortgage points? Mortgage points are up-front fees that are paid to the lender at closing. Each point is equal to one percent of the loan amount. Points are charged in efforts to lower the rate of interest on the loan. You have the...
read more →
Blog Post
[av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_display=''] [av_textblock size='' font_color='' color=''] See NJ Refinance Rates Today [/av_textblock] [av_image src='https://gardenstateloans.com/wp-content/uploads/2017/04/refinance-1030x579.jpg' attachment='968' attachment_size='large' align='center' styling='' hover='' link='' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation'] Mortgage Refinancing NJ [/av_image] [/av_one_full][av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_display=''] [av_textblock size='' font_color='' color=''] If you're looking to refinance your mortgage in New Jersey, look no further. We offer the lowest rates, and more importantly, we offer an unmatched customer experience for all our...
read more →
« Previous Page — Next Page »
