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  • Can I refinance a mortgage in New Jersey?

    If you have decided to refinance in New Jersey, you should be aware that you can work with the original lender who issued your current mortgage or you can work with other lenders. You should look around and compare different rates to find an outcome that works for your particular situation.

  • What is the average home loan rate in New Jersey?

    The average New Jersey rate for a is 5.69% (Zillow, Jan. 2023). Throughout most of the country, the conforming loan limit is $726,200. That means if you take out a home loan that is over $726,200, you will have what is considered a which comes with higher interest rates.

  • Are rising mortgage rates a challenge for New Jersey homebuyers?

    Elevated mortgage rates continue to make housing affordability a challenge for New Jersey homebuyers, and refinances far less desirable for homeowners. While mortgage rates are difficult to predict, many economists expect them to remain well above their historical lows for the foreseeable future.

  • What is a 15 year fixed rate mortgage in New Jersey?

    15-year fixed-rate mortgage: you will have less time to pay off this loan and your monthly payments will be higher but you can expect a lower interest rate. The average New Jersey rate for a is 5.69% (Zillow, Jan. 2023). Throughout most of the country, the conforming loan limit is $726,200.

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