Nj Mortgage Rates

You can find the best NJ mortgage rates by consulting with thrift institutions, mortgage companies, commercial banks, lenders, brokers, and credit unions. Thrift institutions are financial institutions that obtain a majority of their funds from the public like savings and loan associations, credit unions, and savings banks. Since mortgage rates vary among lenders, you should consult with several lenders to make sure you are getting the best deal. A mortgage broker will not lend you money, but they can find you a lender. Mortgage brokers have access to many trustworthy lenders. If you want to find a good deal, contact several mortgage brokers in your area. Keep in mind that lenders and brokers charge fees, so make sure you are ready to negotiate.

Compare Fees And Rates With Lenders

When you are shopping around, find out what the mortgage costs are with each lender and compare rates. Find out how much your monthly mortgage payments will amount to with each lender. Make sure you compare lenders for the same loan amount, type of loan, and loan term. That way, you will have an easier time finding the best deal. Read this guide if you want to find the best NJ mortgage rates.

Check Your Local Newspaper

You can find information on points and interest rates in your local newspaper. Keep in mind that points and rates change daily, so you should check the newspaper periodically.

Visit Mortgage Websites Online

You can compare NJ mortgage rates by visiting mortgage websites online like Zillow, Erate, BankRate, and NewJerseyRates.com. These websites list mortgage rates for many lenders and banks like Equity Source Home Loans, Quicken Loans, Home Savings, Unity Bank, The Mortgage Group, National Mortgage Alliance, PNC Mortgage, Investors Savings Bank, Sky Financial Services, and others.

Visit Banks Online

You can visit banks online to find out what their NJ mortgage rates are. Some banks that you can visit online include Wachovia Bank, Bank Of America, Chase Bank, Sovereign Bank, Susquehanna Bank, The Provident Bank, and the Capital Bank Of New Jersey. Don’t be afraid to tell banks and lenders that you are shopping around for the best deal. If you follow these tips, you will find the best mortgage for your needs.

Current Mortgage Rates

You can review the current mortgage rates online. Here are some current mortgage rates for 30 year fixed mortgages in NJ. Keep in mind that in 1974-1975 the mortgage rates were about 9%, in 1981, the rates were over 16%, in 1986-1990 about 10%, and in 2000, the rates were about 8%, so the rates are much lower as of 2009.

First Lenders Mortgage- APR- 4.76%
Affiliated Financial Group- APR- 4.91%
America’s Mortgage Broker- APR- 4.67%
US Mortgage Capital- APR- 4.77%
Fifth Third Mortgage- APR- 5.18%
Pentagon Federal Credit Union- APR- 4.96%
Integrated Financial Group- APR- 4.66%

When you find the best offer, you can negotiate with that lender. Ask your lender to write down the costs that are associated with the mortgage. See if the lender can reduce or waive the loan fees. If they can’t reduce the fees, see if they can lower the interest rate or reduce the points. If you negotiate with the lender, they may offer you a sweet deal on a mortgage. If they do, make sure you get it in writing before you accept the agreement.