Shopping for a NJ Mortgage

New Jersey news headlines of the past year have made one reality abundantly clear: New Jersey homebuyers need to give as much serious thought to their mortgage options as to their NJ home’s location and amenities. So what do NJ homebuyers need to know about securing a mortgage that is financially right for them?

Weichert Financial Services recently issued a press release with a few basic guidelines to help homebuyers make a sound decision on selecting a mortgage:

• Don’t judge a mortgage by interest rate alone. Instead, make sure its terms and conditions are in line with future plans and financial resources. Fixed-rated mortgages offer tremendous peace-of-mind for buyers who intend to stay in their home for the foreseeable future. The loan term is flexible, allowing borrowers to lower monthly payments with a 30-year, fixed-rate mortgage, or save on interest and own the home sooner if a shorter term is chosen. Adjustable-rate mortgages (ARMs) offer more affordable monthly payments and lower interest rates at the start for homebuyers who want to move or trade up in a relatively short period of time.
• Ask questions and more questions. There is no such thing as a dumb question when dealing with something as important as selecting a mortgage. In fact, Weichert’s “It Pays to Ask!” campaign was developed to encourage buyers to ask their Gold Services Manager questions about mortgage terms and the overall real estate process. Additionally, Weichert’s Home Buyers Seminars give customers the opportunity to learn more about the available mortgage options to purchase a home.
• Most importantly, work with a reliable lender. Buyers should never feel as though they are being talked into a particular loan. Choosing a lender that is reliable is the best assurance that the promised mortgage money will be there at closing. With mortgage guidelines changing every day, it is important to select a lender that is on top of changes and able to provide a wide variety of options.

  To learn more about Weichert Financial Services and Gold Services to help secure your dream of owning New Jersey real estate, feel free to call or email me any time.