Mortgage Broker New York, Local Mortgage Bankers - Interstate Home Loan

Mortgage Broker New York

Mortgage Broker New York2022-07-11T03:42:51+00:00

Need to Get a Mortgage in New York? 

 

Getting a mortgage is a major prerequisite when purchasing a home in New York. It is better to have a clear picture of your finances before you start looking for a real estate agency. For all of your financing, loans, or mortgage options, get in touch with Interstate Home Loan Center. If you’re looking to get a mortgage in New York, you have come to the right place. We can make the process of securing a mortgage in New York easy. Our team analyzes the best options for you to get the home of your dreams that is within your budget. We can help you choose the best loan product that also supports your long-term goals, without the added stress of high monthly payments.

The team of experts at Interstate Home Loan Center can make getting loans so much easier. We take care of the paperwork to get you a mortgage pre-approval in New York. We draw a comparison of mortgage interest rates and terms, that will fit in your budget. When you know the differences between available home loan options, you can choose the one that suits you best. You should take into account all of the aspects of your finances and pick the loan plan that meets your needs. A first-time homebuyer should definitely spend some time identifying their options before accepting the terms. Our team has all of the necessary tools and has the experience to get the job done. Seasoned real estate investors will know the obvious benefits of consulting with loan experts or getting a pre-approved mortgage in New York. 

What to know when looking to get a mortgage in New York? 

If there is one thing that can really turn around your chances of getting the property of your dreams; it is your credit score. If you have a good credit score, it is a clear indication that you don’t have too many outstanding debts, and that you make timely payments. But if you have a low credit score, it tells the lenders that you cannot manage your payments well. 

An ideal credit score for a home loan must be above 700. The better your score, the more chances you have of getting approved for a loan. People with higher credit scores have the added benefit of having additional options such as lower interest rates or longer repayment periods. You also may qualify for a greater loan amount. Additional information that lenders require are your debt-to-income ratio, and assets like a savings account, retiring accounts, and other taxable investments. However, if your credit score is not as high as you would like it to be, don’t worry, Interstate Home Loan Center can step in and help. 

Interstate Home Loan Center takes the time to clearly map out every client’s financial situation and how they can secure the home of their dreams. If you want a mortgage broker in New York, we can help. We ensure our clients don’t feel burdened by the financial responsibilities of a loan but are able to get the best terms of payments. We can help you get a mortgage in New York. Call us today to know more. 

Looking for a Mortgage Banker in New York?

When you are thinking of getting a mortgage, should you be consulting a mortgage broker or mortgage banker? Interstate Home Loan Center will help you understand the major differences between the two and why getting a mortgage banker in NY is a better option. Mortgage bankers in New York are aware of the market situation and can help you to get a mortgage easily. With dual expertise on knowing the area, as well as studying the financial loan programs available, we help our clients make home ownership a reality. If you want to refinance a loan in New York, we can help you with that as well. Remember, buying a home is a very big decision that impacts your finances, so you need to make the right decision when making such an investment. When you work with us, you will have a dedicated New York Mortgage Banker who will analyze your finances and help you make the right choice. 

Mortgage Broker Vs Mortgage Banker

Once you have understood the functions of a mortgage broker and mortgage banker, both of them can help you in getting a home loan. It is preferable to have a mortgage banker because they have worked with various lenders, know more loan options, and are adept at payment structures.  It is important to have someone you can trust working with you on such a big investment. Interstate Home Loan Center is a reliable mortgage banker in New York. 

Getting a home loan does not have to be a stressful process, especially if you work with us. Interstate Home Loan Center has a team of expert mortgage bankers in NY who can close loans. Gathering all of the knowledge over the years and studying the markets, we can seamlessly guide you through all of the necessary paperwork. If you really want to close the deal on your home loan faster, get in touch with us today!

The main reason why real estate transactions take time to work out is that buyers don’t get approved for mortgages in NY. Contact Interstate Home Loan Center, a New York Mortgage broker today, and let us help you secure the home of your dreams. Please reach out to us on 1-888-624-1414. 

Quick Quote

Interest Rates

At Interstate Home Loan Center, we take pride in offering our clients the lowest interest rates possible. Whether you are looking to purchase or refinance, the team at Interstate is ready to help you secure the best rate possible! Contact Interstate today for more details.

20-YR FIXED

5.00%

5.14% APR

Lender Fees – $995
Points – $0

30-YR FIXED

5.25%

5.37% APR

Lender Fees – $995
Points – $0

15-YR FIXED

4.50%

4.61% APR

Lender Fees – $995
Points – $0

**Disclaimer This is not a commitment to lend. Terms and conditions apply. Interest rate and annual percentage rate (APR) are for informational purposes only. Rate and APR are based on single family, owner-occupied, primary residence purchase of conforming loan sizes with 60% loan-to-value and assumes 780 FICO score. Rates are prevailing and subject to change. Call for today’s live rate.

Our Process

Securing a mortgage doesn’t have to be stressful or time-consuming. We believe in full transparency, and getting your loan approved FAST! You will be able to track the status at all times while we are working to move forward on our end. Any hold up can cause you to lose out on a home you’ve put
an offer in on! At Interstate, our process is seamless and best of all, quick!

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Average Number of DAYS to close your loan.
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Average number of MINUTES it takes to complete our loan application.

FAQs

What is the best way to get a mortgage in New York?2022-07-11T11:16:47+00:00

It is a good idea to do some research on mortgage programs and rates. You can do most of your research on-line or by phone. Organize the necessary financial paperwork and contact the team at Interstate Home Loan Center. We can help you navigate the process of getting a mortgage in New York. When making mortgage comparisons, you must be sure you are comparing mortgages of similar terms, i.e. a 30 year vs. a 5 year, do the mortgages you are comparing have prepayment penalties and do they have similar rate lock durations? There is a lot of difficult jargon when it comes to getting a mortgage in New York. Let our experts help you select the best option for you and your financial goals.

What does a Mortgage Banker in New York do?2022-07-11T10:59:29+00:00

Mortgage Bankers work for a financial institution and help individuals obtain a mortgage loan. Their years of experience in the industry and relationships with lenders can provide either first time home buyers or seasoned real estate investors with the tools they need to secure a loan that fits their financial goals. Contact the team at Interstate Home Loan Center to find out how our New York Mortgage bankers can help you in the home buying or refinancing process!

If I have a bad credit score, can I still get a mortgage in New York?2022-07-11T10:59:44+00:00

The truth is that it depends on how low your credit score is. If you think your credit score may cause an issue in obtaining a loan, please reach out to our office. The team at Interstate Home Loan Center has experience is working with individuals with lower credit scores and helping them get a loan to purchase a home in New York. Our experts can also advise you on immediate steps you can take to bring your credit score back up!

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