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NJ Mortgage Resources

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          Learn more about the NJ mortgage process with our educational resources for homeowners.

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        • What is a Mortgage?A mortgage is simply a lien that is put on a property by a bank or lender of money to assist a consumer to obtain funding in order to purchase that property.
        • Mortgage Pre Approval vs. Pre QualificationAs a technical matter is there are actually 3 levels of “Pre-Approval” available as a lead-up to your mortgage.
        • What Factors Go Into Qualifying for a Mortgage?There are four main categories that a bank will review when they qualify you for mortgage financing, otherwise known as the four pillars of qualifying: Income, Assets, Credit, and Debt.
        • What is PMI Insurance?Private Mortgage Insurance (PMI) is quite simply an insurance policy that protects the mortgage lender in case of default on the mortgage.
        • New Jersey Mortgage Application ChecklistBeing fully prepared leading up to your application can prevent a lot of troubles and tribulations, which can be detrimental and emotionally taxing especially after you’ve gone to contract on your new home.
        • What Is The Minimum Down Payment For a House in NJ?Depending on your circumstances you may be looking to get into a property for the least amount of cash possible.
        • What Are The Three Different Types of Mortgage Lenders?There are 3 different types of lending companies that originate mortgage loans. Banks, Brokers, and Mortgage Bankers.
        • What Determines Mortgage Rates?A variety of factors lend their hand in the determination of where a particular lender will be on rates.
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Recent News Articles

Mortgage Rates Reach Their Highest Level in Nearly 13 Years | NJ Mortgage Resources

Mortgage Rates Reach Their Highest Level in Nearly 13 Years

According to data provided by Freddie Mac, the 30-year fixed-rate average rose to 5.27 percent with an average 0.9 points, which is the fee paid to a lender equal to 1 percent of the loan amount. Only one week ago,
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Here’s What Happened When an NJ Homeowner Needed Mortgage Help | NJ Mortgage Resources

Here’s What Happened When an NJ Homeowner Needed Mortgage Help

Like millions of Americans, David and his wife Jennifer started to have trouble with their bills because of COVID-19, but were introduced to forbearance as a means to help. While forbearance doesn’t erase mortgage debt, it allows homeowners to defer
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Middlesex County Digitizes Public Deeds Dating Back To 1923 | NJ Mortgage Resources

Middlesex County Digitizes Public Deeds Dating Back To 1923

Currently, deeds are the first documents to be converted to digital records by Middlesex County. Soon, other digitized records will include mortgages, maps, liens, releases, easements, powers of attorney, trade names, assignments, medical licenses, and veteran peddler licenses. Learn more
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How Long Do I Need To Keep Paperwork For My Homes? | NJ Mortgage Resources

How Long Do I Need To Keep Paperwork For My Homes?

Sorting through which records to keep regarding your properties versus those that can be thrown away can be a daunting process, but these tips can help. Learn more on NJ.com: How Long Do I Need To Keep Paperwork For My
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Buy Now or Wait a Year: What the Current Mortgage Trends Mean for Homebuyers | NJ Mortgage Resources

Buy Now or Wait a Year: What the Current Mortgage Trends Mean for Homebuyers

Homebuying has been nothing short of a frenzy over the past two years for many reasons. If you’ve been thinking of buying a home but haven’t yet pulled the trigger, you’re now facing a conundrum as both home prices and
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Reverse Mortgages Are No Longer Just for Homeowners Short on Cash | NJ Mortgage Resources

Reverse Mortgages Are No Longer Just for Homeowners Short on Cash

Turning your home equity into cash can help pay bills and preserve other savings and investments. But they’re complicated, and not for everyone. Read more on The New York Times: Reverse Mortgages Are No Longer Just for Homeowners Short on
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NJMortgageResources.com provides homeowners with all the information they need to navigate the complex New Jersey mortgage process and get the best rate possible for their situation. Browse our educational resources and get a free customized rate quote from one of our top NJ mortgage specialists who can also help you with any additional information you may need or questions you may have.

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Resources

  • What is a Mortgage?
  • New Jersey Mortgage Application Checklist
  • Mortgage Pre Approval vs. Pre Qualification
  • What Is The Minimum Down Payment For a House in NJ?
  • What Factors Go Into Qualifying for a Mortgage?
  • What Are The Three Different Types of Mortgage Lenders?
  • What is PMI Insurance?
  • What Determines Mortgage Rates?

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