Refinance Loan New Jersey, Understand Mortgage Rates - Interstate Home Loan

Refinance Loan New Jersey

Refinance Loan New Jersey2022-11-08T10:54:56+00:00

Why Refinance A Loan in New Jersey?

Refinancing is the process of paying off your existing mortgage with a new mortgage. Refinancing your mortgage in New Jersey, may reduce the interest rate on your mortgage, extend or shorten the length of your mortgage, or simply free up extra cash by lowering your monthly payments. However, refinancing should be exercised with caution as it does not necessarily provide homeowners with the desired benefits in every case.

Every few months the market changes and as the rates change, there may be better options available to lower your monthly payments in New Jersey. It is essential to determine your overall goal in refinancing a loan, whether you want to reduce your monthly payments or lower your mortgage rate. If you are unsure about how to refinance a loan in New Jersey, then get in touch with Interstate Home Center Loan and we can guide you through the best options. When it comes to New Jersey refinance loans, we are experts. You will get all the necessary information to replace your existing loan with a new one. A refinance loan in New Jersey will save you money as well as offer a better return on your investment.

The major benefits of refinancing a loan in New Jersey are: 

– Reduction in interest rates

– Reduced tenure of your loan 

– Less financial stress

– More financial flexibility

Refinance Loan in New Jersey without the hassle!

If you want information on refinancing a loan in New Jersey, get in touch with Interstate Home Loan Center today! Many people often take advantage of record low-interest rates and apply for mortgage refinancing. For some, it is a matter of being able to stay on track with their financial goals and save thousands of dollars in unnecessary interest payments. If you’re refinancing in order to pay less interest, you won’t usually see the savings right away. With our experience in banking and finance, we can help you find the best mortgage rates in New Jersey for your needs.. Many years working in the banking and finance industry have given us a great network of contacts that we use to find the best deal for you.

At Interstate Home Loan Center, we believe that every customer deserves the best care and service when purchasing or refinancing the home of their dreams. We’re here to serve your mortgage needs and have what it takes to make a difference in your next mortgage transaction. For more information, contact Interstate Home Loan Center and ask us about a New Jersey mortgage broker today. We will help you secure the home of your dreams! Call us at 1-888-624-1414.

Quick Quote

Loan Programs

20-YR FIXED

6.00%

6.179% APR

Lender Fees – $995
Points – $0

30-YR FIXED

6.375%

6.512% APR

Lender Fees – $995
Points – $0

15-YR FIXED

6.375%

6.602% 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!

0
Average number of DAYS to get a loan commitment from Interstate Home Loan Center
0
Average Number of DAYS to close your loan.
0
Average number of MINUTES it takes to complete our loan application.

FAQs

How do I know if it makes sense for me to refinance a loan in New Jersey?2022-07-11T11:00:04+00:00

First assess your financial mortgage related goals: i.e. are you looking to improve your monthly cash flow, lower your monthly payments, reduce your mortgage term, do you need to take out cash utilizing the equity from your home? Obtaining the right mortgage in New Jersey for your particular needs could make sense even when rates are not at their lowest levels. Contact the team at Interstate Home Loan Center to learn more about how we can help you!

Does refinancing a loan in New Jersey cost money?2022-07-11T11:00:19+00:00

While there are a number of benefits to refinancing like saving money on payments and shortening the term of your loan, refinancing does come with a cost. The process typically costs 2-6% of your loan amount. There are additional fees that can vary from lender to lender. Contact us today and let us help you decide if refinancing a loan in New Jersey makes financial sense for you!

Can I refinance a loan in New Jersey more than once?2022-07-11T11:00:44+00:00

The short answer is yes. You can lower your rate, term or use the refinance process to borrow money for another investment in New Jersey. Some lenders may even waive certain fees if you have used them in the past!

Accessiblity (CTRL+M)
Accessible Icon Project logoThe final icon, in blue and white, closely similar to the original version but with the body foregrounded, and wheel cutouts to suggest motion.