Home Mortgage Rates Calculator

If you are looking for a home mortgage rates calculator, then you are probably looking for a home mortgage, an equity loan, or a mortgage refinance. As I have mentioned in previous posts, rates are at historically low levels. But, as I have also mentioned in previous posts, a great rate means nothing without a mortgage specialist who will work hard to close your loan.  While the money is cheap, the requirements are, in some cases, extensive.  With so many applicants drawn by “lowest refinance rates” ads, its easy for some companies to ingore the cases that require some personal attention.   So while it is nice to use a home mortgage rates calculator to figure out your potential payments, let’s make sure you get that loan!

I can assure you that I will work my hardest to close your loan, and discuss all of your options and scenarios on our initial call. Please give me a call today on 866-909-6262 to see what makes sense for you.

Anthony

Interest Rate Quotes

Every mortgage ad that I see or hear lately talks about interest rate quotes.  While the historic low rates are certainly a motivating factor, many applicants have found that they are unable to take advantage of the rates for a variety of reasons. Perhaps their credit is less than perfect, or their debt to income ratio is not the best. So, for them those great interest rate quotes don’t mean anything except disappointment.  While its essential that you get the best rate you qualify for, its more essential to work with a mortgage specialist who will look at your individual situation, handle any “curve balls” that come up, and work as hard as he or she can to close your loan.  Please give me a call today on 866-909-6262 or click on the panal on the right side of the page for a free, custom quote.

Remember, interest rate quotes don’t mean a thing if you don’t get the loan!

Anthony

I’m working on a mortgage refinance for a client in Livingston, NJ. They already had a good rate and their credit is fair, at best (in the 650 range) – so they didn’t have great expectations when they called. They plan on being in their house for 5-7 more years, and cash flow is their most pressing problem. By going down almost a full percentage point and stretching the length of the loan, they will free up over $700 a month. For them, this is the difference between struggling every month and being able to actually put a few dollars in the bank.

Stories like this sometimes end with “results not typical…” but, in our case, we would not be doing the refinance if the results were not favorable.  It only takes a moment to pick up the phone and call me on 866-909-6262.  Jersey Mortgage has roots dating back to the 1930′s. For the NJ mortgage refinance that will best serve YOU, call me click on the button on the right side of the page to request custom loan information.

Here’s the latest news on refinance rates here in NJ. As you may be aware, mortgage rates are indexed to bond yields.  Over the past few weeks, yields on 10 year bonds have risen from around 1 3/4 % to 2.15% – even though the FED has taken steps to keep long term yields down.  Fixed rate 30 year mortgage rates average 4.13% this week, up just a bit from last week. BUT IT’S STILL REALLY REALLY LOW!

It only takes a few minutes to pick up the phone and discuss your mortgage refinance here in NJ, with a company that knows a lot about mortgages and mortgage refinance.  I will ask a few basic questions and give you a good idea of what you may qualify for, what the costs will be, and how much money you can save. Please give me a buzz. In right here in NJ and eager to compete for your business.

 866-909-6262

Home improvement is often viewed as an investment in that it is a way to increase the value and protect your investment at large, that is your house. Therefore, finding the right home improvement loans mortgage refinancing is crucial! There are many different forms of home improvement loans that cater to each homeowner’s specific needs. In general, if you secure your home improvement loan with property, it will have a lower rate than if you choose not to secure it. Additionally, using property as security for the loan will help it be approved by the lender much easier. There are three different types of home improvement loans mortgage refinance refinancing:

 1. Cash-Out Refinance: This type of loan is a complete refinance of the original mortgage plus the intended amount for home improvement.

2. Home Equity Line of Credit: This loan is the best choice for those looking for flexibility because borrowers only have to pay interest on what they use! There is no fixed payment or rate, and on top of that, the interest rate is usually adjustable as well. It is like using a credit card—you pay for exactly what you use!

3. Fixed Rate Second Mortgage: This type of loan is a good choice if the terms of your original mortgage are good, because this loan doesn’t affect it at all. It is called ‘fixed rate’ because both the payments and the rates are fixed, and is also know as a home equity loan. This is the best choice if you are looking for a large amount up-front, and/or a secure loan more than a flexible one.

Find the right home improvement loans mortgage refinance today to protect your investment!

According to the Christian Science Monitor, fixed mortgage rates are at their lowest level in 60 years. Yesterday Freddie Mac said that the average rate for a 30 year fixed rate mortgage is 4.09% – the lowest it has been since 1951. In 1981 it was as high as 11.37%.  The average rate on a 15 year mortgage fell to 3.30% – the lowest ever.  So, even if you think you have a good rate – it’s certainly wirth a call to see if you can do better.  The time has never been better to refinance in New Jersey.

The Section 203(k) program is the Department of Housing & Urban Development’s primary program for the rehabilitation and repair of single family properties.  If you have suffered damage in Hurricane Irene that is not covered by insurance, a 203(k) rehab loan may be your best option.  There are several important advantages over a conventional refinace  – I’d be happy to go over them with you. Generally speaking, these loans are “easier” to qualify for, and have restrictions on the use of the funds – but are designed for just this type of situation. Please call me at 866-909-6262 or click on the button to the right.

Yesterday, President Obama issued a Major Disaster Declaration for damage resulting from Hurricane Irene in our state, which makes many New Jersey residents eligible for a number of Federal disaster relief programs. These programs offer grants and loans to individuals and loans to businesses. The Federal Government has set up a website that allows people to apply online for assistance: http://www.disasterassistance.gov This website consolidates the application process across several Federal agencies, including FEMA and the Small Business Administration. The website also reduces the number of forms you will ultimately have to fill out, shortens the time it takes to apply and allows you to check the progress of your applications online.If you want to apply by phone rather than the Internet, you can call 1-800-621-FEMA (1-800-621-3362).While the damage suffered across New Jersey is devastating, I know our state can rebound quickly. Federal aid will play a crucial role in our recovery, so please take advantage of the resources available. Please don’t hesitate to contact me anytime regarding this or other issues.

There are many New Jersey mortgage companies. There are national firms with local offices who call themselves NJ mortgage companies.  There are local one person offices who can call themselves new jersey mortgage companies. And then there is Jersey Mortgage -a full service lender that is, in my humble opinion, the undisputed king of the New Jersey mortgage companies.

Please give me a call on 866-909-6262 or click here for a no obligation custom loan quote. I promise that we will work hard to win your business!

A lot of people are not sure if it’s a good time to buy a home or not. If you ask me,  the time has never been better. With rates still at historic lows and the prices of homes being down as well, the time is now. Everyone thinks that it is impossible to get a mortgage right now and that is simply not true. In fact there are some 100% financing programs still available. A few of the most popular are the VA loan program and the USDA program. The VA loan program is for people that have served in the military. JMC has been lending with this program for years and has closed many of these types of loans. The USDA program is for homes that are in more rural areas. A lot of the state of New Jersey is approved for lending with this program. The USDA program does have some income guidelines that must be met but they are pretty liberal. Both of these programs do not require monthly mortgage insurance which will help to keep you monthly payment affordable. You can also have the seller pay for your closing costs with these programs which sellers have been more willing to do these days with houses being harder to sell. If you are able to save money for a down payment or have a family member who is willing to give you a gift for your down payment then the FHA loan might be the program for you. The FHA loan is the most popular loan in the industry today. It requires a 3.5% down payment which can be gifted. You can buy a 1-4 unit property that you must live in as your primary residence. There is no income limit for the borrower with the FHA program and the seller is allowed to pay the closing cost for this program also. The FHA also offers a 203K rehab loan as well. With this loan you can buy a house that needs some work and borrow enough to fix it. We have done many of these loans for people that have bought foreclosure properties. I have done one of these loans for a couple that bought a small 2BRranch house and turned it into a 4BR 2.5BA two story house. This program can also be used for someone who already owns a house and wants to update it. These days it is not as easy as it used to be to walk into your local bank and ask for money to put new windows and siding on your house. This program can be the answer. Please call me today at 866-909-6262 or leave contact info by clicking on the button on the right.