Introducing a NEW and Innovative New Jersey

30 Year Fixed Rate Mortgage

Some of it’s Unique Features:

1) You can have it “re-amortized and re-calculated at any time you want. A typical New Jersey 30 year mortgage works likes this: You borrow 300,000 and you have a fixed monthly payment for 30 years. Your payment NEVER changes and your interest is ALWAYS calculated on the original 300,000 you borrowed for as long as you own that mortgage.

This NEW New Jersey mortgage works like this:

You borrow the same 300,000. Say you pay $200 per month extra towards principal? And at the end of the year you receive a bonus of $10,000 and also want to apply that to principal. ( So at the end of year 1, you paid 12,400 towards principal). With this mortgage, you can elect to have your mortgage re-amortized and re-calculated after year 1 to reflect the additional monies paid towards principal. NOW, your new loan amount will be based on your “current” principal balance and NOT the original $300,000 you initially borrowed. Do this every year and you will literally save thousands upon thousands in interest AND be paying off your mortgage MUCH sooner.

2) Say you took out your 300,000 mortgage at an interest rate of 6%. Two years later, interest rates are LOWER. You are thinking about refinancing to get a lower rate but you do not want to go through the costs of refinancing again ( in the thousands). With this NEW mortgage, you can have your current loan “modified”. You would only pay a $100 fee and a very small percentage of your current loan balance and you would get that new lower interest rate! ( You would save thousands depending on your loan amount) and the process is VERY quick and easy PLUS NO appraisal, NO Income re-qualifying.

This product comes with a FREE 90 day extended lock for added protection. If by any chance the interest rate is LOWER by the time you close on your loan, you can elect to pay a “one-time” fee to have your rate lowered. NO OTHER NEW JERSEY 30 YEAR FIXED MORTGAGE WORKS THAT WAY.

This product also has other nice features:

1) No Minimum credit score requirements (Must have clean credit)

2) NO pricing hits for Cashout refinances (Fannie Mae and Freddie Mac do)

3) NO pricing hit for credit score BELOW 740 (Fannie Mae and Freddie Mac do)

This NJ 30 year fixed mortgage product also applies to ARMS, 15 year, and New Jersey 30 Year Mortgages. Call today or apply online now to find out the current interest rates available