http://activerain.com/blogs/michaelbyrne General mortgage industry notes and musings from an FHA and Investor Specialist. en-us http://activerain.com/blogsview/1314124/flemington-nj-mortgage-loan-officer <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/1/1/6/8/4/ar125708637348611.JPG" height="95" alt="www.refi-fhasecure.com" width="95" style="float: left;" />As a <strong>Flemington, NJ Mortgage Loan Officer</strong>, I have many programs to offer a consumer.&nbsp; They include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs I offer as <strong>a Flemington, NJ Mortgage Loan Officer </strong>.&nbsp; I can offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages: as a <strong>Flemington, NJ Mortgage Loan Officer</strong>, a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as the FHA renovation loans known as the 203k or Streamline K loans as well. <a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Program.&nbsp; The fixed rate program is super as well.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>USDA RD Loans: even in New Jersey, there are plenty of areas qualified for the moderate income rural <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/2/2/8/1/7/ar125708641671822.gif" height="105" alt="www.refi-fhasecure.com" width="194" style="float: right;" />development 100% financing program.&nbsp; As a <strong>Flemington, NJ Mortgage Loan Officer</strong>, my company underwrites and funds these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>Jumbo Mortgage Loans: &nbsp;We offer several different true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; The Princeton area comes to mind, for one.&nbsp; We have true jumbo loans available for those above the fannie mae loan limits.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our jumbo programs in NJ.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the loans we offer as a <strong>Flemington, NJ Mortgage Loan Officer, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Sun, 01 Nov 2009 08:41:53 -0600 http://activerain.com/blogsview/1314124/flemington-nj-mortgage-loan-officer http://activerain.com/blogsview/1312294/free-webinar-11-3-increase-your-buyer-business <p>Are you ready to transform your buyer business like never before in 2010?</p><iframe name="ePropFrame" src="http://www.epropertysites.com/fpropc.htm?id=1221661123&amp;p=a&amp;s=s&amp;l=v&amp;kc=FFFFFF&amp;bc=CCCCCC&amp;fc=4F493B&amp;t=Featured^Properties" frameborder="0" height="225" scrolling="no" width="155"></iframe><p>Please Join Christopher Karalis for a brief 20 minute presentation on Wednesday November 3 that will help you grow your business.  Christopher Karalis is a Mortgage Broker and a valued industry expert.  His firm has helped Mortgage Originators throughout North America realize their dreams of working with more Agents and doing more buyer loans.</p> <p>Space is limited.</p> <p>Get your Webinar seat now by first going here:</p> <p><a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203">http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203</a></p> <p>Then here:</p> <p><a href="http://www.epropnews.com/emailmarketer/link.php?M=34096&amp;N=27&amp;L=16&amp;F=T" rel="nofollow" target="_blank">http://www.epropnews.com/emailmarketer/link.php?M=34096&N=27&L=16&F=T</a></p> <p><br />If you are tired of chasing leads and are looking for more referral partners, this will be THE BEST 20 MINTUES YOU HAVE EVER SPENT!</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 30 Oct 2009 19:07:48 -0500 http://activerain.com/blogsview/1312294/free-webinar-11-3-increase-your-buyer-business http://activerain.com/blogsview/1303587/mortgage-refinancing-tips <p><strong>Mortgage refinancing tips</strong>: In our current low rate market, many lenders are inundated with loan requests.<img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/8/2/0/1/7/ar125656567571028.JPG" height="95" alt="www.refi-fhasecure.com" width="95" style="float: right;" /> Current turn times to close a loan are still around 30 days, giving we receive the necessary documentation in a timely manner. The tightening of the secondary market for <a href="http://activerain.com/blogsview/1002439/Jumbo-Mortgage-Rates-Ease-in-New-Jersey">Jumbo Loans</a> , <a href="http://activerain.com/blogsview/962477/FHA-and-VA-Mortgages-Tightening-on-the-Horizon">FHA and Va Loans</a> , and Fannie Mae loans.&nbsp; In addition to shopping for a good rate with a competent Loan Officer, here are some basic <strong>Mortgage Refinancing tips</strong> to help you close within 30 days on a refinance transaction at the current market rates:</p> <p>&bull;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Get an approximate current market value of your home prior to an Appraisal<strong>.</strong> &nbsp;Online sites such as <a href="http://www.zillow.com/">zillow</a> will give you a ballpark of your current market value.&nbsp; A phone call to the real agent professional who helped you purchase your home is a&nbsp;better idea.&nbsp; The most disappointing the thing about our current market is seeing someone who is otherwise well-qualified to refinance have an appraisal come in too low to obtain financing that makes financial sense.</p> <p>&bull;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Check your credit.&nbsp; Your <a href="http://www.activerain.com/michaelbyrne">mortgage professional</a> should review your credit with you prior to sending you a loan proposal.&nbsp; Keep in mind inquiries within the same industry within a 30 day period will generally only count as 1 credit inquiry on your credit report.&nbsp; You can also go online and obtain a free copy of your consumer credit report from many sources to review your credit report for accuracy.&nbsp; If your score needs some massaging, here are some tips: <a href="http://activerain.com/blogsview/624190/Your-Credit-Rating-a-Few-Tips-For-Those-Who-Pay-Their-Bills-On-Time">Your Credit Rating: a Few Tips For Those Who Pay Their Bills On Time</a>&nbsp;.&nbsp;</p> <p>&bull;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Have your documentation ready. &nbsp;Lenders now will require the following for a standard full documentation loan:</p> <p>- <em>2 years w-2's(and </em>signed<em> tax returns in many cases), </em></p> <p><em>- 1 month paystubs(or pension/SSI receipts), </em></p> <p><em>- 2 full months asset statements-</em>ALL PAGES<strong>,</strong></p> <p><strong>- </strong>L<em>egible photo ID, a copy of a phone bill with phone # and address, </em></p> <p><em>- Your homeowners insurance declaration page.&nbsp; </em></p> <p><em>- Other documentation may include a VA Certifcate of Eligibility(for VA Loans), a credit explanation, and even a job history explanation</em>.&nbsp;</p> <p>People in Condominiums may need to ask their association to fill out paperwork regarding the Association as well.&nbsp; Other documentation may be required after loan underwriting as well, including a possible review appraisal in many cases. Of all of the <strong>mortgage refinancing tips</strong> I could state, having your documentation is the most important.</p> <p>&bull;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ask questions.&nbsp; Your Loan Officer should be able to respond to your questions in a timely manner, and should manage expectations properly.&nbsp; Many LO's such as myself make themselves available after business hours and on weekends to answer questions via email and by phone.&nbsp; Demand excellence from your Loan Officer.</p> <p>In today's market, lenders are wary of fraud as well as unsaleable loans in the secondary market.&nbsp; Loan Officers want to make loans, and want to ensure they are making good solid loans in this unstable market.&nbsp; I hope these <strong>mortgage refinancing tips</strong> help!</p> <p>&nbsp;<img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/7/2/0/1/3/ar125656573131027.jpg" height="100" alt="www.refi-fhasecure.com" width="100" style="vertical-align: text-bottom;" /></p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Mon, 26 Oct 2009 09:02:47 -0500 http://activerain.com/blogsview/1303587/mortgage-refinancing-tips http://activerain.com/blogsview/1303542/jumbo-mortgage-rates-in-nj <p><strong>Jumbo Mortgage Rates in NJ</strong> have eased a bit as of late.&nbsp; Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market. &nbsp; We have established investor relationships in order to offer many different jumbo loan programs.&nbsp; It seems that many portfolio lenders still have an appetite for jumbo loans in New Jersey.</p> <p>Current highlights for <strong>Jumbo Mortgage Rates in NJ</strong> include great jumbo rates even&nbsp;where the Conforming High Balance loan limit was not raised significantly in areas such as Mercer County, Atlantic County, and Burlington Counties. &nbsp;In other areas such as Essex County and Union County, we can offer financing on jumbo loans to 1,500,000 and above. &nbsp;</p> <p>Fully documented loans for <strong>Jumbo Mortgage Rates in NJ</strong> are available with a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million.&nbsp; Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates.&nbsp; Call or email <a href="http://www.activerain.com/michaelbyrne">me</a> for customized quotes and details on a loan program for you.</p> <p>A recent client of mine has taken a relatively novel approach: he is using an interest-only ARM as a means of <strong>accerelating </strong>his mortgage, rather than making just the minimum interest payment.&nbsp; While I do not recommend interest-only Jumbo Mortgage Rates for everyone, there is a benefit to many who are familiar with a how an interest-only loan works.</p> <p>Stated Income programs for the self-employed and No-doc loans are slowly coming around as well.&nbsp; Call for specific details on these <strong>Jumbo Mortgage Rates in NJ</strong>, and for all programs as a specific program can be tailored to your needs.</p> <p>&nbsp;All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!</p> <p>&nbsp;</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Mon, 26 Oct 2009 08:36:22 -0500 http://activerain.com/blogsview/1303542/jumbo-mortgage-rates-in-nj http://activerain.com/blogsview/1301671/atlantic-county-mortgage-loan-programs- <p><strong>Atlantic County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Atlantic</strong> <strong>County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>Currently I am working on an investment property purchase in Egg Harbor Township.&nbsp; It appears that there are many oportunities to purchase nice properties with strong cash flow in many parts of Atlantic County.&nbsp; Second home financing is also plentiful currently for those looking to purchase or refinance a second home</p> <p>FHA Mortgages are very popular among our<strong> Atlantic County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p>Jumbo Mortgage Loans:&nbsp; We have <strong>Atlantic County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp;&nbsp;Atlantic County's loan limit is just $453,000 currently.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our jumbo programs in NJ.</p> <p>USDA RD Loans:&nbsp;in much of Atlantic&nbsp;County, New Jersey, there are areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the&nbsp;<strong>Atlantic County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.<img title="www.refi-fhasecure.com" src="http://activerain.comhttp://activerain.com/image_store/uploads/3/3/4/2/6/ar125631784662433.jpg" height="95" alt="www.refi-fhasecure.com" width="95" /></p> <p>&nbsp;</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Sat, 24 Oct 2009 18:56:29 -0500 http://activerain.com/blogsview/1301671/atlantic-county-mortgage-loan-programs- http://activerain.com/blogsview/1299849/monmouth-county-mortgage-loan-programs <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/9/0/9/4/8/ar125631790584909.gif" height="95" alt="www.refi-fhasecure.com" width="95" style="float: left;" />Monmouth County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Monmouth County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong> Monmouth County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p>Jumbo Mortgage Loans:&nbsp; We have <strong>Monmouth County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; Monmouth County's loan limit is $729,000 currently.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our jumbo programs in NJ.</p> <p>USDA RD Loans: particularly in western Monmouth County, New Jersey, there are areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Monmouth County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.<img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/3/4/2/6/ar125631784662433.jpg" height="95" alt="www.refi-fhasecure.com" width="95" style="float: right;" /></p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 23 Oct 2009 12:12:20 -0500 http://activerain.com/blogsview/1299849/monmouth-county-mortgage-loan-programs http://activerain.com/blogsview/1297707/usda-mortgages-in-nj-no-money-down-financing <p><strong>USDA Mortgages in NJ</strong> with no money down financing are still available in many areas.&nbsp; This is a great loan program for qualified New Jersey properties to qualified applicants with moderate income and little to no <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/2/0/4/3/6/ar125622216863402.JPG" height="85" alt="www.refi-fhasecure.com" width="68" style="float: right;" />down payment.&nbsp; As I had written previously in this blog: <a href="http://activerain.com/blogsview/435655/Need-1-Financing-Try">Need 100% Financing? Try the USDA Guaranteed Rural Housing Loan Program</a> the <strong>USDA Mortgages in NJ</strong> program is a great loan for rural and even some not-so-rural areas that qualify for the USDA program.&nbsp;New Jersey still has many areas that qualify for the RD Loan.&nbsp;&nbsp;For a direct quote on this or any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel free to call me directly at 908 531 6170.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/4/1/6/8/ar125622211686143.gif" height="95" alt="www.refi-fhasecure.com" width="176" style="float: left;" />Real estate Agents: If you have a listing&nbsp;or are selling your home and it&nbsp;qualifies location-wise for an RD loan, this also can be a great tool to market a property.&nbsp; &nbsp;Everybody wants to get a bargain and /or a deal, and offering special financing is one way to create some sizzle. &nbsp;"No Money DownFfinancing available to qualified buyers" with <strong>USDA Mortgages in NJ </strong>is an attention getter for a property.&nbsp; The beauty of 100% financing for <strong>USDA Mortgages in NJ </strong>is that it expands the pool of folks who could possibly purchase your home.</p> <p>Many Counties in New Jersey, particularly western and southern Counties, have at least a portion of eligible locations.&nbsp; Click <a href="http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do">here</a> to look at a map of eligible areas in New Jersey for USDA financing.&nbsp;&nbsp; Be sure to consult the site first before looking at properties.</p> <p>It is paramount to check the property location and also with a qualified loan officer for further details for information on <strong>USDA Mortgages in NJ with No Money Down Financing. </strong>&nbsp;Keep in mind, both the property (based on location) and the borrower (based on income) need to qualify to be eligible for consideration for this loan program.&nbsp; &nbsp;</p> <p>The other qualification restriction is income based.&nbsp; The income limits for the 100% Section 502 Guaranteed Rural Housing Program are listed here: <a href="http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do">Income Eligibility</a>&nbsp; According to the chart, a family of 2's maximum annual income would be $95,400 for the Section 502 Guaranteed Rural Housing Program in Hartford County.</p> <p>There is a financed fee similar to the VA funding fee for this program, and there are credit qualifications-620 minimum fico-&nbsp;and property qualifications as well.</p> <p>Once again, this a great program for 100% financing <strong>USDA Mortgages in NJ</strong>.&nbsp; For more details, contact Michael Byrne at 800-999-2489 x7972</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Thu, 22 Oct 2009 09:36:45 -0500 http://activerain.com/blogsview/1297707/usda-mortgages-in-nj-no-money-down-financing http://activerain.com/blogsview/1295614/cape-may-county-mortgage-loan-programs <p><strong>Cape May County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage. <strong>Cape May County</strong> <strong>Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, Second Home Financing, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong> Cape May County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/5/8/6/2/ar125612951126853.gif" height="95" alt="www.refi-fhasecure.com" width="95" />VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>USDA RD Loans: in Cape May County, New Jersey, there are some areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>Jumbo Mortgage Loans: &nbsp;We have <strong>Cape May County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp; &nbsp;&nbsp;Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; The Cape May area comes to mind, for one with just &nbsp;a $487,500 loan limit for conventional financing.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our true jumbo programs in NJ. &nbsp;&nbsp;We offer jumbo homes on second homes as well.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Cape May County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.<img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/5/3/7/0/ar125612966107353.jpg" height="100" alt="www.refi-fhasecure.com" width="100" style="vertical-align: bottom;" /></p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Wed, 21 Oct 2009 07:54:57 -0500 http://activerain.com/blogsview/1295614/cape-may-county-mortgage-loan-programs http://activerain.com/blogsview/1294807/warren-county-mortgage-loan-programs <p><strong>Warren County Mortgage Loan Programs</strong> are abundant at this time, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Warren County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; As a resident of nearby Flemington, I am quite familiar with the Warren County area.&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/4/5/0/3/2/ar125607298723054.JPG" height="125" alt="www.refi-fhasecure.com" width="125" style="float: left;" />FHA Mortgages are very popular among our<strong> Warren County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>USDA RD Loans: &nbsp;&nbsp;Warren County, New Jersey, there are many areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; &nbsp;Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>Jumbo Mortgage Loans: &nbsp;We have <strong>Warren County Mortgage Loan Programs</strong> with true Jumbo Mortgage <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/4/9/6/9/3/ar125607307939694.gif" height="95" alt="www.refi-fhasecure.com" width="95" style="float: right;" />programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; Warren County is one of them, with a 417k loan limit.&nbsp;&nbsp; Still there are plenty of beautiful properties;&nbsp; that could benefit from a true jumbo mortgage loan.&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our true jumbo programs in NJ.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Warren County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Tue, 20 Oct 2009 16:14:28 -0500 http://activerain.com/blogsview/1294807/warren-county-mortgage-loan-programs http://activerain.com/blogsview/1292150/essex-county-mortgage-loan-programs <p><strong>Essex County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Essex County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Loans , Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; As a former resident of Millburn, I am quite familiar with the Essex County area.&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong> Essex County Mortgage Loan Programs</strong>, as a large portion of <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/3/8/6/3/ar125596459536833.gif" height="125" alt="www.refi-fhasecure.com" width="125" style="float: right;" />our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is also at low levels currently. &nbsp;&nbsp;FHA loans are great for owner-occupied multi-family dwellings as well.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program. &nbsp;It details the VA funding fee, and other nuances of the VA Loan.</p> <p>Jumbo Mortgage Loans: &nbsp;We have <strong>Essex County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; Essex County is not one of them, with a 729k loan limit.&nbsp;&nbsp; Still there are plenty of beautiful properties; from Short Hills to Montclair to West Orange that could benefit from a true jumbo mortgage loan.&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our true jumbo programs in NJ.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/7/4/5/2/0/ar125596483502547.jpg" height="125" alt="www.refi-fhasecure.com" width="125" style="float: left;" />USDA RD Loans: unfortunately Essex County, New Jersey has NO areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves, and there are other areas where the program is available in New Jersey.&nbsp;&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ.&nbsp; The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>For more information on the <strong>Essex County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Mon, 19 Oct 2009 10:08:41 -0500 http://activerain.com/blogsview/1292150/essex-county-mortgage-loan-programs http://activerain.com/blogsview/1290985/sussex-county-mortgage-loan-programs <p><strong>Sussex County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Sussex</strong> <strong>County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel&nbsp; free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong>&nbsp;Sussex County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.&nbsp; FHA loans can be a benefit purchases and refinances.</p> <p>Jumbo Mortgage Loans:&nbsp; We have <strong>Sussex</strong> <strong>County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp;&nbsp;Sussex County's loan limit is $729,000 currently.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our jumbo programs in NJ.&nbsp; Both fixed rate as well as ARM options are available.</p> <p>USDA RD Loans: particularly in&nbsp;Sussex County, New Jersey, there are plenty of areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Sussex</strong> <strong>County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Sun, 18 Oct 2009 14:24:53 -0500 http://activerain.com/blogsview/1290985/sussex-county-mortgage-loan-programs http://activerain.com/blogsview/1289618/union-county-mortgage-loan-programs <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/4/4/7/5/7/ar125579295475744.jpg" height="95" alt="www.refi-fhasecure.com" width="95" style="float: left; border: black 1px solid;" />Union County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Union County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages , Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; As a former resident of Westfield, I am quite familiar with the Union County area.&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong> Union County Mortgage Loan Programs</strong>, as a large portion of <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/2/5/9/3/9/ar125579301793952.gif" height="57" alt="www.refi-fhasecure.com" width="125" style="float: right;" />our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>USDA RD Loans: unfortunately, Union County, New Jersey, there are NO areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves., and there are other areas where the program is available in New jersey.&nbsp; &nbsp;Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>Jumbo Mortgage Loans: &nbsp;We have <strong>Union County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; Union County is not one of them, with a 729k &nbsp;loan limit.&nbsp;&nbsp; Still there are plenty of beautiful properties; from Summit to Westfield to Scotch Plains that could benefit from a true jumbo mortgage loan.&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our true jumbo programs in NJ.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Union County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Sat, 17 Oct 2009 10:26:08 -0500 http://activerain.com/blogsview/1289618/union-county-mortgage-loan-programs http://activerain.com/blogsview/1288545/mercer-county-mortgage-loan-programs <p><strong>Mercer County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Mercer County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong> Mercer County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/5/1/8/2/8/ar125571629182815.gif" height="108" alt="www.refi-fhasecure.com" width="200" />VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>USDA RD Loans: even in Mercer County, New Jersey, there are some areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/4/7/3/3/8/ar125571644883374.jpg" height="100" alt="www.refi-fhasecure.com" width="77" style="float: left;" />Jumbo Mortgage Loans: &nbsp;We have <strong>Mercer County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp;&nbsp;Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; The Princeton area comes to mind, for one with a 440k loan limit.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our true jumbo programs in NJ.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Mercer County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 16 Oct 2009 13:12:01 -0500 http://activerain.com/blogsview/1288545/mercer-county-mortgage-loan-programs http://activerain.com/blogsview/1288543/mercer-county-mortgage-loan-programs <p><strong>Mercer County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Mercer County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong> Mercer County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/5/1/8/2/8/ar125571629182815.gif" height="108" alt="www.refi-fhasecure.com" width="200" />VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p>USDA RD Loans: even in Mercer County, New Jersey, there are some areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/4/7/3/3/8/ar125571644883374.jpg" height="100" alt="www.refi-fhasecure.com" width="77" style="float: left;" />Jumbo Mortgage Loans: &nbsp;We have <strong>Mercer County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp;&nbsp;Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; The Princeton area comes to mind, for one with a 440k loan limit.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our true jumbo programs in NJ.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Mercer County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 16 Oct 2009 13:11:11 -0500 http://activerain.com/blogsview/1288543/mercer-county-mortgage-loan-programs http://activerain.com/blogsview/1288525/hunterdon-county-mortgage-loan- <p><strong>Hunterdon County Mortgage Loan Programs</strong> abound, as there are a variety of available loan options for first-time buyers, those "upsizing" or "downsizing", or those who simply wish to refinance their existing mortgage.&nbsp; <strong>Hunterdon County Mortgage Loan Programs</strong> include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a </strong>New Jersey Mortgage Banker.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds.&nbsp;&nbsp; For a direct quote on any particular program, please <a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel&nbsp; free to call me directly at 908 531 6170.&nbsp; Here is a synopsis of several of our different loan programs:</p> <p>FHA Mortgages are very popular among our<strong> Hunterdon County Mortgage Loan Programs</strong>, as a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as refinancing options. &nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Mortgage Program.&nbsp; The fixed rate program is super as well.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/7/6/8/3/8/ar12557157083867.JPG" height="100" alt="www.refi-fhasecure.com" width="80" style="float: left;" />Jumbo Mortgage Loans:&nbsp; We have <strong>Hunterdon County Mortgage Loan Programs</strong> with true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; Hunterdon County's loan limit is $729,000 currently.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our jumbo programs in NJ.</p> <p>USDA RD Loans: particularly in Hunterdon County, New Jersey, there are plenty of areas qualified for the moderate income rural development 100% financing program.&nbsp; As a New Jersey Mortgage Banker, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/8/1/8/9/4/ar12557160649818.jpg" height="125" alt="www.refi-fhasecure.com" width="97" style="float: left;" />Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the <strong>Hunterdon County Mortgage Loan Programs</strong> we offer<strong>, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 16 Oct 2009 13:01:55 -0500 http://activerain.com/blogsview/1288525/hunterdon-county-mortgage-loan- http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker <p>As a <strong>New Jersey Mortgage Banker</strong>, we have many programs to offer a consumer.&nbsp; They include and are not limited to: FHA Mortgages, VA Loans, Fannie Mae Loans, Adjustable Rate Mortgages, USDA RD Loans, Jumbo Mortgage Loans, and Stated Income Loans.&nbsp; We will review briefly each type of loan listed above to go over the programs we offer as <strong>a New Jersey Mortgage Banker</strong>.&nbsp; We offer additional mortgage programs as a broker as well, giving us the ability to offer the best of both worlds. &nbsp;&nbsp;For a direct quote on any particular program, please &nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm">contact me</a> or feel &nbsp;free to call me directly at 908 531 6170. &nbsp;Here is a synopsis of several of our different loan programs:</p> <p><img title="house" src="http://activerain.com/image_store/uploads/5/9/3/9/5/ar1255441759395.gif" height="125" alt="house" width="231" style="float: left;" />FHA Mortgages: as a <strong>New Jersey Mortgage Banker</strong>, a large portion of our loans is through FHA and we have FHA Approved underwriters on staff.&nbsp; We offer the traditional 203B, 3.5% down FHA Purchase Money loan as well as the FHA renovation loans known as the 203k or Streamline K loans as well. <a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">Here</a> is a recent blog I wrote about the FHA Adjustable Rate Program.&nbsp; The fixed rate program is super as well.</p> <p>VA Mortgages: 100% financing for qualified veterans is a great loan program for veteran first-time homebuyers and seasoned homebuyers alike.&nbsp; With VA approved underwriters on staff, we offer in-house underwriting for VA Loans.&nbsp; <a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">Here</a> is a recent blog I wrote with some basic information regarding the VA Mortgage Program.</p> <p><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/6/0/7/4/4/ar12554418144706.jpg" height="125" alt="www.refi-fhasecure.com" width="97" style="float: left;" />USDA RD Loans: even in New Jersey, there are plenty of areas qualified for the moderate income rural development 100% financing program.&nbsp; As a <strong>New Jersey Mortgage Banker</strong>, we underwrite and fund these loans ourselves.&nbsp; Here is <a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">some info</a> on the USDA program and eligible areas in NJ. &nbsp;The most important part to remember about the USDA program is you must qualify income-wise and the property location must fall within an approved area.</p> <p>Jumbo Mortgage Loans: &nbsp;We offer several different true Jumbo Mortgage programs on a brokered basis.&nbsp; Although many parts of NJ have benefitted from the "super-conforming" loan limits, some areas still have relatively low loan limits.&nbsp; The Princeton area comes to mind, for one.&nbsp; We have true jumbo loans available for those above the fannie mae loan limits.&nbsp;&nbsp; Here is a <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">recent blog</a> about our jumbo programs in NJ.</p> <p>Stated Income Mortgage Loans:&nbsp; We do not offer the traditional "liar's loan", but rather have on a brokered basis access to Stated Income Mortgage Loans for the self-employed borrowers for which this program was originally intended.&nbsp; <a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">This blog</a> has more information about our stated income brokered product.</p> <p>For more information on the loans we offer as a <strong>New Jersey Mortgage Banker, </strong>use my <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> or call me at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Tue, 13 Oct 2009 08:52:49 -0500 http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker http://activerain.com/blogsview/1279991/current-va-mortgage-rates <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/9/5/4/6/6/ar125529684566459.JPG" height="125" alt="www.refi-fhasecure.com" width="125" style="float: left;" />Current VA Mortgage Rates</strong> have down as of late, making it easier for veterans to purchase a home with little to no money down.&nbsp; With the tightening of the credit markets, 100% financing is becoming increasingly scarce.&nbsp; There is good news for Veterans of the Armed Services and National Guard.&nbsp; Typically 100% financing is still available to a minimum of $417,000 for Veterans.&nbsp; For a customized quote for <strong>Current VA Mortgage Rates</strong>, please fill out this <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> for a free quote .</p> <p><strong>Current VA Mortgage Rates </strong>for 100% financing for qualified Veterans can be obtained at very low interest rates currently.&nbsp; Rates may vary and this is not a commitment to lend.&nbsp; It is important to note that <strong>Current VA Mortgage Rates</strong> can vary day-to-day and by client, so to get an exact quote, please fill out this <a href="http://www.mortgageprosforum.com/contact_form.htm">contact form</a> for a free no-obligation quote.</p> <p>One of the great things about the VA loan program is that there are limitations on the "junk" fees allowed<img title="www.fifcorp.com" src="http://activerain.com/image_store/uploads/8/7/7/8/4/ar125529695248778.jpg" height="100" alt="www.fifcorp.com" width="100" style="float: right;" /> by the way to be passed on to the borrower.&nbsp; One item of note is that the VA does not regulate <strong>Current VA Mortgage Rates </strong>or discount points on this program.&nbsp; It is important to compare the pricing on the loan, as well as charges by third party providers.</p> <p>VA loans tend to have fewer "junk fees".&nbsp; Here is a basic list of allowable and non-allowable closing costs for VA Loans*:</p> <p>&nbsp;VA Allowable Closing Costs</p> <p>-Discount Points</p> <p>-Title exam fee, including tax and assessment search</p> <p>-Flood Cert.</p> <p>-EXACT amount charged for appraisal and credit report</p> <p>-Attorney or Settlement agent fee</p> <p>-Title insurance policy</p> <p>-Pest inspection (must be paid for by seller unless veteran agrees in writing to pay for it)</p> <p>-interim interest</p> <p>-First Year Hazard Insurance Premium(and flood insurance if applicable)</p> <p>- Tax and insurance escrows</p> <p>&nbsp;</p> <p>Non Allowable VA Closing Costs</p> <p><strong>-</strong>Tax service fee</p> <p>-Application fee</p> <p>-Document Preparation fee*</p> <p>-Underwriting fee*</p> <p>Once again, the VA loan program is a great way to provide financing for Veterans, with low <strong>Current VA Mortgage Rates.</strong>&nbsp; One other benefit is that there is no monthly mortgage insurance fee, but rather one time financed MIP.&nbsp;A 4% seller concession is allowed for VA loans, which can allow a buyer to get into a home with little to no out of pocket expense.&nbsp; I remember one closing where the Veteran received a check at closing for reimbursement of his initial deposit.</p> <p>Here is a quick glance at typical VA Funding fees:</p> <table cellspacing="0" border="0" cellpadding="0" width="607"> <tbody> <tr> <td width="265"> <p>Purchase &amp; Construction Loans</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> </tr> <tr> <td width="152"> <p>Type of Veteran</p> </td> <td width="113"> <p>DOWN PAYMENT</p> </td> <td width="171"> <p>Percentage for first time use</p> </td> <td width="171"> <p>% Subsequent Use</p> </td> </tr> <tr> <td width="152"> <p>Regular Military</p> </td> <td width="113"> <p>None</p> </td> <td width="171"> <p>2.15%</p> </td> <td width="171"> <p>3.30%</p> </td> </tr> <tr> <td width="152"> <p>&nbsp;</p> </td> <td width="113"> <p>5% up to 10%</p> </td> <td width="171"> <p>1.50%</p> </td> <td width="171"> <p>1.50%</p> </td> </tr> <tr> <td width="152"> <p>&nbsp;</p> </td> <td width="113"> <p>10% or more</p> </td> <td width="171"> <p>1.25%</p> </td> <td width="171"> <p>1.25%</p> </td> </tr> <tr> <td width="152"> <p>&nbsp;</p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> </tr> <tr> <td width="152"> <p>Reserves/National</p> </td> <td width="113"> <p>None</p> </td> <td width="171"> <p>2.40%</p> </td> <td width="171"> <p>3.30%</p> </td> </tr> <tr> <td width="152"> <p>Guard</p> </td> <td width="113"> <p>5% up to 10%</p> </td> <td width="171"> <p>1.75%</p> </td> <td width="171"> <p>1.75%</p> </td> </tr> <tr> <td width="152"> <p>&nbsp;</p> </td> <td width="113"> <p>10% or more</p> </td> <td width="171"> <p>1.50%</p> </td> <td width="171"> <p>1.50%</p> </td> </tr> <tr> <td width="152"> <p>&nbsp;</p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> </tr> <tr> <td width="265"> <p>Cash-Out Refinancing Loans</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td>&nbsp;</td> </tr> <tr> <td width="152"> <p>Type of Veteran</p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>% First Time Use</p> </td> <td width="171"> <p>% Subsequent Use</p> </td> </tr> <tr> <td width="152"> <p>Regular Military</p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>2.20%</p> </td> <td width="171"> <p>3.30%</p> </td> </tr> <tr> <td width="152"> <p>Reserves/National</p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>2.40%</p> </td> <td width="171"> <p>3.30%</p> </td> </tr> <tr> <td width="152"> <p>Guard</p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> </tr> <tr> <td width="152"> <p><strong>&nbsp;&nbsp;</strong></p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> </tr> <tr> <td width="265"> <p>Interest Rate Reduction Refinancing Loans</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td width="171"> <p>&nbsp;</p> </td> <td>&nbsp;</td> </tr> <tr> <td width="152"> <p><em>First Time or Subsequent</em></p> </td> <td width="113"> <p>&nbsp;</p> </td> <td width="171"> <p>0.50%</p> </td> <td width="171"> <p>0.50%</p> </td> </tr> <tr> <td width="152"> <p><em>Either type veteran</em></p> </td> <td width="113"> <p>&nbsp;</p> </td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> </tbody> </table> <p>&nbsp;</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Sun, 11 Oct 2009 16:38:06 -0500 http://activerain.com/blogsview/1279991/current-va-mortgage-rates http://activerain.com/blogsview/1276929/pa-stated-income-mortgage <p><strong>PA Stated Income Mortgage</strong>: Despite the contraction of the secondary markets, there are still <strong>PA S<strong>tated Income Mortgage </strong></strong>(w/ full asset verification) programs available (currently in NJ, CT, and certain counties of NY and PA only)&nbsp;to Pennsylvanians who qualify<strong> </strong>for this type of financing in the vein of which it was originally intended: allowing for self-employed consumers who cannot prove their actual true income via their tax returns.&nbsp; We offer this program on a brokered basis and the terms, rates, and guidelines are subject to change without notice, just like everything else in this world we live in today.&nbsp; Mortgage Brokers: This program is offered by my company direct to consumers only and not by my company on a wholesale level.&nbsp;</p> <p>The <strong>PA Stated Income Mortgage</strong> is available in only the following Pennsylvania Counties: Bucks, Chester,<img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/3/0/4/4/ar125510180544033.gif" height="125" alt="www.refi-fhasecure.com" width="275" style="float: left;" /> Delaware, Lehigh and Montgomery Counties only. &nbsp;Other programs are available in other Counties, but not this particular loan program.</p> <p>The basic parameters of the <strong>PA Stated Income Mortgage</strong> loan are as follows: 70% Loan to Value (30% down) for purchases and refinances up to $750,000 for recommended credit scores of 700 and above.&nbsp; This program is not so much credit score driven, as the whole credit picture is taken into consideration.&nbsp; A high credit score lacking the necessary credit tradelines and credit depth may not be seen as favorable.&nbsp; 55% Loan to Value (45% down) with loan amounts up to 1,000,000<strong>.&nbsp; </strong><strong>&nbsp;</strong></p> <p>This program, once again, is designed for the borrower who truly cannot document their true earnings, thus the name <strong>PA Stated Income Mortgage</strong>.&nbsp; Assets are documented and are expected to be consistent with the income stated.&nbsp; By self-employed, a consumer is expected to show a corporate type structure, rather than simply some Schedule C income on a tax return to count as self-employed.&nbsp; This is not a traditional "liar's loan".&nbsp; Expect the appraisal and appraisal review to be on the conservative side, but not unreasonable.<em></em></p> <p>Basic rates for this <strong>PA Stated Income Mortgage</strong> program are competitive: 4.75<strong>%-</strong>6.375% range for short <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/3/6/8/9/ar125510175298633.jpg" height="125" alt="www.refi-fhasecure.com" width="97" style="float: right;" />term ARM financing (3/1, 5/1, 7/1, and 10/1) to 15, 20 and 30 Year Fixed rates, typically with 0-1 discount pt.&nbsp; Rates can vary by loan amount, loan-to-value, and State, and are subject to change without notice.&nbsp; This is not to be construed as a commitment to lend.&nbsp; For more information about this product and other available programs, please contact me directly at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 09 Oct 2009 10:27:28 -0500 http://activerain.com/blogsview/1276929/pa-stated-income-mortgage http://activerain.com/blogsview/1276906/nj-stated-income-mortgage <p><strong>NJ Stated Income Mortgage</strong>: Despite the contraction of the secondary markets, there are still <strong>NJ</strong> <strong>S<strong>tated <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/9/1/8/3/1/ar12551013613819.gif" height="125" alt="www.refi-fhasecure.com" width="231" style="float: right;" />Income Mortgage </strong></strong>(w/ full asset verification) programs available (currently in NJ, CT, and certain counties of NY only)&nbsp;to those who qualify<strong> </strong>for this type of financing in the vein of which it was originally intended: allowing for self-employed consumers who cannot prove their actual true income via their tax returns.&nbsp; We offer this program on a brokered basis and the terms, rates, and guidelines are subject to change without notice, just like everything else in this world we live in today.&nbsp; Mortgage Brokers: This program is offered by my company direct to consumers only and not by my company on a wholesale level.&nbsp;</p> <p>The basic parameters of the <strong>NJ Stated Income Mortgage</strong> loan are as follows: 70% Loan to Value (30% down) for purchases and refinances up to $750,000 for recommended credit scores of 700 and above.&nbsp; The particular Fannie Mae loan limit is NOT taken into consideration for this loan program.&nbsp; This program is not so much credit score driven, as the whole credit picture is taken into consideration.&nbsp; A high credit score lacking the necessary credit tradelines and credit depth may not be seen as favorable.&nbsp; 55% Loan to Value (45% down) with loan amounts up to 1,000,000<strong>.&nbsp; </strong><strong>&nbsp;</strong></p> <p>This program, once again, is designed for the borrower who truly cannot document their true earnings, thus the name <strong>NJ Stated Income Mortgage</strong>.&nbsp; Assets are documented and are expected to be consistent with the income stated.&nbsp; By self-employed, a consumer is expected to show a corporate type structure, rather than simply some Schedule C income on a tax return to count as self-employed.&nbsp; This is not a traditional "liar's loan".&nbsp; Expect the appraisal and appraisal review to be on the conservative side, but not unreasonable.<em></em></p> <p>Basic rates for this <strong>NJ Stated Income Mortgage</strong> program are competitive: 4.625<strong>%-</strong>6.375% range for short <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/6/0/3/2/7/ar125510131272306.jpg" height="125" alt="www.refi-fhasecure.com" width="97" style="float: left;" />term ARM financing (3/1, 5/1, 7/1, and 10/1) to 15, 20 and 30 Year Fixed rates, typically with 0-1 discount pt.&nbsp; Rates can vary by loan amount, loan-to-value, and State, and are subject to change without notice.&nbsp; This is not a commitment to lend and is intended for information purposes only.&nbsp; For more information about this product and other available programs, please contact me, Michael Byrne, directly at 908 531 6170.&nbsp; I will avail myself to answer any and all questions regarding this or any other loan program which may best fit your needs.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 09 Oct 2009 10:18:34 -0500 http://activerain.com/blogsview/1276906/nj-stated-income-mortgage http://activerain.com/blogsview/1276827/ct-stated-income-mortgage <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/7/1/7/3/9/ar125509855993717.gif" height="80" alt="www.refi-fhasecure.com" width="175" style="float: left;" />CT Stated Income Mortgage</strong>: Despite the contraction of the secondary markets, there are still <strong>CT</strong> <strong>S<strong>tated Income Mortgage </strong></strong>(w/ full asset verification) programs available (currently in NJ, CT, and certain counties of NY only)&nbsp;to those who qualify for this type of financing in the vein of which it was originally intended: allowing for self-employed consumers who cannot prove their actual true income via their tax returns.&nbsp; We offer this program on a brokered basis and the terms, rates, and guidelines are subject to change without notice, just like everything else in this world we live in today.&nbsp; Mortgage Brokers: This program is offered by my company direct to consumers only and not by my company on a wholesale level.&nbsp;</p> <p>This <strong>CT Stated Income Mortgage</strong> program is available in all Counties of Connecticut, and for loan amounts listed regardless of the Fannie Mae loan limits in that particular County.</p> <p>Basic rates for this <strong>CT Stated Income Mortgage</strong> program are competitive: 4.75<strong>%-</strong>6.375% range for short term ARM financing (3/1, 5/1, 7/1, and 10/1) to 15, 20 and 30 Year Fixed rates, typically with 0-1 discount pt.&nbsp; Rates can vary by loan amount, loan-to-value, and State, and are subject to change without notice.&nbsp; For more information about this product and other available programs, please contact Michael Byrne directly at 908 531 6170.</p> <p>The basic parameters of the <strong>CT Stated Income Mortgage</strong> loan are as follows: 70% Loan to Value (30% down) for purchases and refinances up to <strong>$750,000</strong> for recommended credit scores of 700 and above.&nbsp; This program is not so much credit score driven, as the whole credit picture is taken into consideration.&nbsp; A high credit score lacking the necessary credit tradelines and credit depth may not be seen as favorable.&nbsp; 55% Loan to Value (45% down) with loan amounts up to 1,000,000<strong>.&nbsp; </strong><strong>&nbsp;</strong></p> <p>This program, once again, is designed for the borrower who truly cannot document their true earnings, thus <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/6/6/3/7/0/ar125509866307366.jpg" height="125" alt="www.refi-fhasecure.com" width="125" style="float: right;" />the name <strong>CT Stated Income Mortgage</strong>.&nbsp; Assets are documented and are expected to be consistent with the income stated.&nbsp; By self-employed, a consumer is expected to show a corporate type structure, rather than simply some Schedule C income on a tax return to count as self-employed.&nbsp; Verification of self-employment is required and may vary in method from loan to loan.&nbsp; This is not a traditional "liar's loan".&nbsp; Expect the appraisal and appraisal review to be on the conservative side, but not unreasonable.<em></em></p> <p>&nbsp;</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 09 Oct 2009 09:34:36 -0500 http://activerain.com/blogsview/1276827/ct-stated-income-mortgage http://activerain.com/blogsview/1276814/ny-stated-income-mortgage <p><strong>NY Stated Income Mortgage</strong>: Despite the contraction of the secondary markets, there are still <strong>NY S<strong>tated Income Mortgage </strong></strong>(w/ full asset verification) programs available (currently in NJ, CT, and certain counties of NY only)&nbsp;to those who qualify<strong> </strong>for this type of financing in the vein of which it was originally intended: allowing for self-employed consumers who cannot prove their actual true income via their tax returns.&nbsp; We offer this program on a brokered basis and the terms, rates, and guidelines are subject to change without notice, just like everything else in this world we live in today.&nbsp; Mortgage Brokers: This program is offered by my company direct to consumers only and not by my company on a wholesale level.&nbsp;</p> <p>The <strong>NY Stated Income Mortgage</strong> is available in only the following Counties: Columbia, Dutchess, Nassau,<img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/6/5/3/9/ar125509800693563.JPG" height="125" alt="www.refi-fhasecure.com" width="100" style="float: right;" /> Putnam, Richmond, Rockland, Suffolk, and Westchester only.&nbsp; Other programs may be available in other Counties, please contact me for details.</p> <p>The basic parameters of the <strong>NY Stated Income Mortgage</strong> loan are as follows: 70% Loan to Value (30% down) for purchases and refinances up to $750,000 for recommended credit scores of 700 and above.&nbsp; This program is not so much credit score driven, as the whole credit picture is taken into consideration.&nbsp; A high credit score lacking the necessary credit tradelines and credit depth may not be seen as favorable.&nbsp; 55% Loan to Value (45% down) with loan amounts up to 1,000,000<strong>.&nbsp; </strong><strong>&nbsp;</strong></p> <p>This program, once again, is designed for the borrower who truly cannot document their true earnings, thus the name <strong>NY Stated Income Mortgage</strong>.&nbsp; Assets are documented and are expected to be consistent with the income stated.&nbsp; By self-employed, a consumer is expected to show a corporate type structure, rather than simply some Schedule C income on a tax return to count as self-employed.&nbsp; This is not a traditional "liar's loan".&nbsp; Expect the appraisal and appraisal review to be on the conservative side, although not unreasonable.<em></em></p> <p>Basic rates for this <strong>NY Stated Income Mortgage</strong> program are competitive: 4.75<strong>%-</strong>6.375% range for short <img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/9/1/4/0/4/ar125509807640419.jpg" height="150" alt="www.refi-fhasecure.com" width="150" style="float: right;" />term ARM financing (3/1, 5/1, 7/1, and 10/1) to 15, 20 and 30 Year Fixed rates, typically with 0-1 discount pt.&nbsp; Rates can vary by loan amount, loan-to-value, and State, and are subject to change without notice. This is not meant to be construed as a commitment to lend and is to be used for informational purposes only.&nbsp; &nbsp;For more information about this product and other available programs, please contact me directly at 908 531 6170.</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 09 Oct 2009 09:22:08 -0500 http://activerain.com/blogsview/1276814/ny-stated-income-mortgage http://activerain.com/blogsview/1271567/somerset-mortgage-programs <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/7/9/2/4/8/ar125483874084297.JPG" height="125" alt="www.refi-fhasecure.com" width="125" style="float: left; border: black 1px solid;" />Somerset Mortgage</strong> programs abound:&nbsp; <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">jumbo financing </a>&nbsp;remains available to qualified borrowers to purchase a house and to do rate, term and cash-out refinancing for loan amounts of more than 729k.. Fannie Mae has raised loan limits for <strong>Somerset Mortgage </strong>programs up to $729k, and the <a href="https://entp.hud.gov/idapp/html/hicost1.cfm">FHA Loan Limit</a> is $729,750 as well. &nbsp;&nbsp;USDA n money down loans are available in parts of Somerset County as well.&nbsp; With my office in Somerset County, I would like to provide some tips (as well as questions to ask a prospective lender regarding their loan parameters) to help you qualify for a loan as well as documentation required to close on a <strong>Somerset Mortgage</strong> loan in a timely fashion:</p> <p>A.&nbsp; Review your credit rating. Jumbo loans now often want a minimum 680, 700, or even a 720, or higher credit score. A 620 credit score is the minimum for FHA and VA mortgage loans currently. Fannie Mae mortgage loans have credit adjustments for credit scores starting at scores under 740.&nbsp; You can ask your <strong>Somerset Mortgage</strong> loan officer to review your credit report with you or go to <a href="https://www.freecreditreports360.com/ppc/creditreport/index-AFF00050.ashx"></a>a free credit reporting service to review a copy of your credit report. You will want to check your credit for errors and any late payments, high balances, or loans for which you have co-signed (like student loans). &nbsp;For more information, <a href="http://www.mortgageprosforum.com/contact_form.htm">contact a reputable loan officer</a>. &nbsp;Ask your lender what their credit score policy is for your particular loan.</p> <p>B.&nbsp; Check your home's value. Nothing is more disappointing than someone's home not appraising for enough to qualify for a refinance or purchase. <a href="http://www.zillow.com/">Zillow</a> is an OK to start, and you also may want to consult a real estate professional if you are refinancing to gauge the market trends in your area. Local papers often list recent sales prices and addresses as well. I strongly urge anyone buying a home to use a buyer's agent to represent them for their purchase. Review with your <strong>Somerset Mortgage</strong> lender what the maximum <a href="http://www.investopedia.com/terms/l/loantovalue.asp"></a>loan to value is for your particular loan program. All lenders will scrutinize an appraisal, and many lenders require a review appraisal or a second full appraisal for large loans.</p> <p>C.&nbsp; Check your income. &nbsp;A <strong>Somerset Mortgage</strong> loan may not include bonus income at all, or may require a low loan-to value (usually under 75%) to include bonus income. If you are self employed or have a small side business, review your actual claimed income or loss. Lenders now check with the IRS for what your total claimed income is prior to closing a loan, via a <a href="http://real-estate-law.freeadvice.com/mortgage_matters/mortgage_loan.htm">form 4506</a>.&nbsp; If you have W-2 income but substantial business losses, this could present an issue on a fully documented&nbsp; loan. &nbsp;Check with your lender beforehand and present 2 years worth of SIGNED tax returns. Presenting a signed return verifies that it is indeed what you filed with the IRS.</p> <p>D.&nbsp; Review your asset "reserves." While some lenders do not even verify asset reserves for jumbo loans, most want to see some money left over in savings after closing. Usually, a lender wants to see &nbsp;PITI reserves or a certain number of months total mortgage payments in savings. These reserves can be in the form of an IRA, 401k, stocks, checking, savings, etc.&nbsp; <strong>Somerset Mortgage </strong>lenders want to see 2 months of ALL PAGES of asset acc<strong>ounts</strong>. Accounts such as an IRA or 401k are usually counted as 60-70% of their face value towards reserves due to withdrawal and tax penalties/liabilities, if applicable. Many lenders require 6-24 months or more PITI reserves, depending on the loan's size.</p> <p>E.&nbsp; Decide what type of loan you want<strong>.</strong> 40, 30, 20, and 15-year fixed loans have different rates and payments. If you plan on staying in your home less than 10 years, you may want to entertain an adjustable rate mortgage for a lower interest rate. An interest-only loan may be attractive if you plan on making lump sum payments, or simply want to make minimal payments.&nbsp; Interest-Only and Adjustable Rate Mortgages are not for everyone, as we have learned over the last few years. Some people, however, enjoy the flexibility of an interest-only loan.&nbsp; Learn how an <a href="http://www.zillow.com/blog/mortgage/2009/07/07/arm-about-to-adjust-get-the-facts-first/">ARM Mortgage</a> works. Get ARM details in writing from your lender.</p> <p>F.&nbsp; Have your documentation ready. Your <strong>Somerset Mortgage</strong> lender isn't singling you out if they ask (in addition to income/asset information) for a recent phone bill with your address and phone number, a copy of a legible drivers license, homeowners insurance declaration page, credit inquiry letter, and even a credit explanation letter. This is standard now for <a href="http://ficoforums.myfico.com/fico/board/message?board.id=loans&amp;thread.id=38375" title="documenting" target="_blank">documenting a loan file.</a></p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Tue, 06 Oct 2009 09:21:21 -0500 http://activerain.com/blogsview/1271567/somerset-mortgage-programs http://activerain.com/blogsview/1270157/livingston-mortgage <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/1/7/1/9/5/ar125475933459171.JPG" height="100" alt="www.refi-fhasecure.com" width="80" style="float: right;" />Livingston Mortgage</strong> programs abound:&nbsp; <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">jumbo financing </a>&nbsp;remains available to qualified borrowers to purchase a house and to do rate, term and cash-out refinancing for loan amounts of more than 729k.. Fannie Mae has raised loan limits for <strong>Livingston Mortgage </strong>programs up to $729k, and the <a href="https://entp.hud.gov/idapp/html/hicost1.cfm">FHA Loan Limit</a> is $729,750 as well. &nbsp;&nbsp;As a former Essex County resident myself, here are some tips (as well as questions to ask a prospective lender regarding their loan parameters) to help you qualify for a loan as well as documentation required to close on a <strong>Livingston Mortgage</strong> loan in a timely fashion:</p> <p><strong>Review your credit rating</strong>. Jumbo loans now often want a minimum 680, 700, or even a 720, or higher credit score. A 620 credit score is the minimum for FHA and VA mortgage loans currently. Fannie Mae mortgage loans have credit adjustments for credit scores starting at scores under 740.&nbsp; You can ask your <strong>Livingston Mortgage</strong> loan officer to review your credit report with you or go to <a href="https://www.freecreditreports360.com/ppc/creditreport/index-AFF00050.ashx"></a>a free credit reporting service to review a copy of your credit report. You will want to check your credit for errors and any late payments, high balances, or loans for which you have co-signed (like student loans). &nbsp;For more information, <a href="http://www.mortgageprosforum.com/contact_form.htm">contact a reputable loan officer</a>. &nbsp;Ask your lender what their credit score policy is for your particular loan.</p> <p><strong>Check your home's value</strong>. Nothing is more disappointing than someone's home not appraising for enough to qualify for a refinance or purchase. <a href="http://www.zillow.com/">Zillow</a> is an OK to start, and you also may want to consult a real estate professional if you are refinancing to gauge the market trends in your area. Local papers often list recent sales prices and addresses as well. I strongly urge anyone buying a home to use a buyer's agent to represent them for their purchase. Review with your <strong>Livingston Mortgage</strong> lender what the maximum <a href="http://www.investopedia.com/terms/l/loantovalue.asp"></a>loan to value is for your particular loan program. All lenders will scrutinize an appraisal, and many lenders require a review appraisal or a second full appraisal for large loans.</p> <p><strong>Check your income</strong><strong>.</strong> &nbsp;A <strong>Livingston Mortgage</strong> loan may not include bonus income at all, or may require a low loan-to value (usually under 75%) to include bonus income. If you are self employed or have a small side business, review your actual claimed income or loss. Lenders now check with the IRS for what your total claimed income is prior to closing a loan, via a <a href="http://real-estate-law.freeadvice.com/mortgage_matters/mortgage_loan.htm">form 4506</a>.&nbsp; If you have W-2 income but substantial business losses, this could present an issue on a fully documented&nbsp; loan. &nbsp;Check with your lender beforehand and present 2 years worth of <strong>SIGNED</strong> tax returns. Presenting a signed return verifies that it is indeed what you filed with the IRS.</p> <p><strong>Review your asset "reserves."</strong> While some lenders do not even verify asset reserves for jumbo loans, most want to see some money left over in savings after closing. Usually, a lender wants to see &nbsp;PITI reserves or a certain number of months total mortgage payments in savings. These reserves can be in the form of an IRA, 401k, stocks, checking, savings, etc.</p> <p><strong>Livingston Mortgage</strong><strong> lenders want to see 2 months of ALL PAGES of asset accounts</strong>. Accounts such as an IRA or 401k are usually counted as 60-70% of their face value towards reserves due to withdrawal and tax penalties/liabilities, if applicable. Many lenders require 6-24 months or more PITI reserves, depending on the loan's size.</p> <p><strong>Decide what type of loan you want.</strong> 40, 30, 20, and 15-year fixed loans have different rates and payments. If you plan on staying in your home less than 10 years, you may want to entertain an adjustable rate mortgage for a lower interest rate. An interest-only loan may be attractive if you plan on making lump sum payments, or simply want to make minimal payments.</p> <p><strong>Interest-Only and Adjustable Rate Mortgages are not for everyone, as we have learned over the last few years</strong>. Learn how an <a href="http://www.zillow.com/blog/mortgage/2009/07/07/arm-about-to-adjust-get-the-facts-first/">ARM Mortgage</a> works. Get ARM details in writing from your lender.</p> <p><strong>Have your documentation ready. </strong>Your <strong>Livingston Mortgage</strong> lender isn't singling you out if they ask (in addition to income/asset information) for a recent phone bill with your address and phone number, a copy of a <strong>legible</strong> drivers license, homeowners insurance declaration page, credit inquiry letter, and even a credit explanation letter. This is standard now for <a href="http://ficoforums.myfico.com/fico/board/message?board.id=loans&amp;thread.id=38375" title="documenting" target="_blank">documenting a loan file.</a></p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Mon, 05 Oct 2009 11:17:24 -0500 http://activerain.com/blogsview/1270157/livingston-mortgage http://activerain.com/blogsview/1267492/bridgewater-mortgage <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/8/7/3/3/6/ar125457934463378.gif" height="100" alt="www.refi-fhasecure.com" width="220" style="float: left;" /><img title="www.fifcorp.com" src="http://activerain.com/image_store/uploads/7/8/0/9/1/ar12545793919087.jpg" height="39" alt="www.fifcorp.com" width="80" style="float: right;" />Bridgewater Mortgage</strong> programs abound:&nbsp; <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">jumbo financing </a>&nbsp;remains available to qualified borrowers to purchase a house and to do rate, term and cash-out refinancing for loan amounts of more than 729k. Fannie Mae has raised loan limits for <strong>Bridgewater Mortgage </strong>programs up to $729k, and the <a href="https://entp.hud.gov/idapp/html/hicost1.cfm">FHA Loan Limit</a> is $729,750 as well. &nbsp;&nbsp;USDA Rural Development loans are avilable in some areas around Bridgewater as well.&nbsp; Great rates are available for all types of loans in your area, contact me at 908 531 6170 for a customized quote.&nbsp; As an area resident, here are some tips (as well as questions to ask a prospective lender regarding their loan parameters) to help you qualify for a loan as well as documentation required to get to closing on a <strong>Bridgewater Mortgage</strong> loan in a timely fashion:</p> <p>&bull;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Review your credit rating. Jumbo loans now often want a minimum 680, 700, or even a 720, or higher credit score. A 620 credit score is the minimum for FHA and VA mortgage loans currently. Fannie Mae mortgage loans have credit adjustments for credit scores starting at scores under 740.&nbsp; You can ask your <strong>Bridgewater Mortgage</strong> loan officer to review your credit report with you or go to <a href="https://www.freecreditreports360.com/ppc/creditreport/index-AFF00050.ashx"></a>a free credit reporting service to review a copy of your credit report. You will want to check your credit for errors and any late payments, high balances, or loans for which you have co-signed (like student loans). &nbsp;For more information, <a href="http://www.mortgageprosforum.com/contact_form.htm">contact a reputable loan officer</a>. &nbsp;Ask your lender what their credit score policy is for your particular loan.</p> <p>&bull;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Check your home's value. Nothing is more disappointing than someone's home not appraising for enough to qualify for a refinance or purchase, particularly when the borrower feels the value should be higher.&nbsp; For the record, the borrower always feels the value should be higher. &nbsp;<a href="http://www.zillow.com/">Zillow</a> or other related online valuation websites are an OK place to start, and you also may want to consult a real estate professional if you are refinancing to gauge the market trends in your area. Local papers often list recent sales prices and addresses as well. I strongly urge anyone buying a home to use a buyer's agent to represent them for their purchase.&nbsp; As a <strong>Bridgewater Mortgage</strong> professional, I can happily refer you to a reputable real estate agent in your area, who will look out for your interests. &nbsp;</p> <p>&bull;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Check your income<strong>.</strong> &nbsp;A jumbo <strong>Bridgewater Mortgage</strong> loan may not include bonus income at all, or may require a low loan-to value (usually under 75%) to include bonus income. If you are self employed or have a small side business, review your actual claimed income or loss. Lenders now check with the IRS for what your total claimed income is prior to closing a loan, via a <a href="http://real-estate-law.freeadvice.com/mortgage_matters/mortgage_loan.htm">form 4506</a>.&nbsp; If you have W-2 income but substantial business losses, this could present an issue on a fully documented&nbsp; loan. &nbsp;Check with your lender beforehand and present 2 years worth of SIGNED tax returns. Presenting a signed return verifies that it is indeed what you filed with the IRS.</p> <p>&bull;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Review your asset "reserves." While some lenders do not even verify asset reserves for jumbo loans, most want to see some money left over in savings after closing. &nbsp;A lender wants to see &nbsp;PITI reserves, or a certain number of months total mortgage payments, in savings. These reserves can be in the form of an IRA, 401k, stocks, checking, savings, etc.&nbsp; <strong>Bridgewater Mortgage </strong>lenders want to see 2 months of ALL PAGES of asset accounts. Accounts such as an IRA or 401k are usually counted as 60-70% of their face value towards reserves due to withdrawal and tax penalties/liabilities, if applicable. Many lenders require 6-24 months or more PITI reserves, depending on the loan's size</p> <p>&bull;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decide what type of loan you want<strong>.</strong> 40, 30, 20, and 15-year fixed loans have different rates and payments. If you plan on staying in your home less than 10 years, you may want to entertain an adjustable rate mortgage for a lower interest rate. An interest-only loan may be attractive if you plan on making lump sum payments, or simply want to make minimal payments.&nbsp; Interest-Only and Adjustable Rate Mortgages are not for everyone, as we have learned over the last few years. Learn how an <a href="http://www.zillow.com/blog/mortgage/2009/07/07/arm-about-to-adjust-get-the-facts-first/">ARM Mortgage</a> works. Get ARM details in writing from your lender.</p> <p>Have your documentation ready<strong>.</strong> Your <strong>Bridgewater Mortgage</strong> lender isn't singling you out if they ask (in addition to income/asset information) for a recent phone bill with your address and phone number, a copy of a legible drivers license, homeowners insurance declaration page, credit inquiry letter, and even a credit explanation letter. This is standard now for <a href="http://ficoforums.myfico.com/fico/board/message?board.id=loans&amp;thread.id=38375" title="documenting" target="_blank">documenting a loan file.</a></p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Sat, 03 Oct 2009 09:17:56 -0500 http://activerain.com/blogsview/1267492/bridgewater-mortgage http://activerain.com/blogsview/1265817/westfield-mortgage <p><strong><img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/3/0/3/4/4/ar125448939944303.jpg" height="125" alt="www.refi-fhasecure.com" width="83" style="float: left;" />Westfield Mortgage</strong> programs abound:&nbsp; <a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">jumbo financing </a>&nbsp;remains available to qualified to<img title="www.refi-fhasecure.com" src="http://activerain.com/image_store/uploads/1/4/7/5/9/ar125448957895741.JPG" height="150" alt="www.refi-fhasecure.com" width="148" style="float: right;" /> purchase a house and to do rate, term and cash-out refinancing for loan amounts of more than 729k.. Fannie Mae has raised loan limits for <strong>Westfield Mortgage </strong>programs up to $729k, and the <a href="https://entp.hud.gov/idapp/html/hicost1.cfm">FHA Loan Limit</a> is $729,750 as well. &nbsp;&nbsp;As a former Westfield Blue Devil myself, here are some tips (as well as questions to ask a prospective lender regarding their loan parameters) to help you qualify for a loan as well as documentation required to close on a <strong>Westfield Mortgage</strong> loan in a timely fashion:</p> <p>Review your credit rating. Jumbo loans now often want a minimum 680, 700, or even a 720, or higher credit score. A 620 credit score is the minimum for FHA and VA mortgage loans currently. Fannie Mae mortgage loans have credit adjustments for credit scores starting at scores under 740.&nbsp; You can ask your <strong>Westfield Mortgage</strong> loan officer to review your credit report with you or go to <a href="https://www.freecreditreports360.com/ppc/creditreport/index-AFF00050.ashx"></a>a free credit reporting service to review a copy of your credit report. You will want to check your credit for errors and any late payments, high balances, or loans for which you have co-signed (like student loans). &nbsp;For more information, <a href="http://www.mortgageprosforum.com/contact_form.htm">contact a reputable loan officer</a>. &nbsp;Ask your lender what their credit score policy is for your particular loan.</p> <p>Check your home's value. Nothing is more disappointing than someone's home not appraising for enough to qualify for a refinance or purchase. <a href="http://www.zillow.com/">Zillow</a> is an OK to start, and you also may want to consult a real estate professional if you are refinancing to gauge the market trends in your area. Local papers often list recent sales prices and addresses as well. I strongly urge anyone buying a home to use a buyer's agent to represent them for their purchase. Review with your <strong>Westfield Mortgage</strong> lender what the maximum <a href="http://www.investopedia.com/terms/l/loantovalue.asp"></a>loan to value is for your particular loan program. All lenders will scrutinize an appraisal, and many lenders require a review appraisal or a second full appraisal for large loans.</p> <p>Check your income<strong>.</strong> &nbsp;A <strong>Westfield Mortgage</strong> loan may not include bonus income at all, or may require a low loan-to value (usually under 75%) to include bonus income. If you are self employed or have a small side business, review your actual claimed income or loss. Lenders now check with the IRS for what your total claimed income is prior to closing a loan, via a <a href="http://real-estate-law.freeadvice.com/mortgage_matters/mortgage_loan.htm">form 4506</a>.&nbsp; If you have W-2 income but substantial business losses, this could present an issue on a fully documented&nbsp; loan. &nbsp;Check with your lender beforehand and present 2 years worth of <strong>SIGNED</strong> tax returns. Presenting a signed return verifies that it is indeed what you filed with the IRS.</p> <p>Review your asset "reserves<strong>."</strong> While some lenders do not even verify asset reserves for jumbo loans, most want to see some money left over in savings after closing. Usually, a lender wants to see &nbsp;PITI reserves or a certain number of months total mortgage payments in savings. These reserves can be in the form of an IRA, 401k, stocks, checking, savings, etc.</p> <p><strong>Westfield Mortgage</strong> lenders want to see 2 months of ALL PAGES of asset accounts. Accounts such as an IRA or 401k are usually counted as 60-70% of their face value towards reserves due to withdrawal and tax penalties/liabilities, if applicable. Many lenders require 6-24 months or more PITI reserves, depending on the loan's size.</p> <p>Decide what type of loan you want<strong>.</strong> 40, 30, 20, and 15-year fixed loans have different rates and payments. If you plan on staying in your home less than 10 years, you may want to entertain an adjustable rate mortgage for a lower interest rate. An interest-only loan may be attractive if you plan on making lump sum payments, or simply want to make minimal payments.</p> <p>Interest-Only and Adjustable Rate Mortgages are not for everyone, as we have learned over the last few years. Learn how an <a href="http://www.zillow.com/blog/mortgage/2009/07/07/arm-about-to-adjust-get-the-facts-first/">ARM Mortgage</a> works. Get ARM details in writing from your lender.</p> <p>Have your documentation ready<strong>.</strong> Your <strong>Westfield Mortgage</strong> lender isn't singling you out if they ask (in addition to income/asset information) for a recent phone bill with your address and phone number, a copy of a<strong> </strong>legible drivers license, homeowners insurance declaration page, credit inquiry letter, and even a credit explanation letter. This is standard now for <a href="http://ficoforums.myfico.com/fico/board/message?board.id=loans&amp;thread.id=38375" title="documenting" target="_blank">documenting a loan file.</a></p> <p>&nbsp;</p><div class='agent_signature'><p>&nbsp;</p> <p><span style="font-size: small;">Michael Byrne</span></p> <p>Mortgage Specialist</p> <p><a href="http://www.mortgageprosforum.com/contact_form.htm"><span style="font-size: medium;">Contact Me</span></a></p> <p><a href="http://activerain.com/blogsview/1282597/new-jersey-mortgage-banker">NJ Mortgage Banker</a>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/670849/100-financing-available-for-somerset-county-nj-with-the-usda-rd-loan">USDA Loans</a>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1247630/new-jersey-jumbo-mortgage-rates">Jumbo Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1264781/fha-adjustable-rate-mortgage">FHA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1279991/current-va-mortgage-rates">VA Loans</a> &nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/">my site</a></p> <p><a href="http://www.zillow.com/blog/mortgage/author/michaelbyrne/">Zillow Blog</a> &nbsp;&nbsp;<a href="http://www.mortgageprosforum.com/contact_form.htm"></a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.refi-fhasecure.com/">My Blog </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://activerain.com/blogsview/1276906/nj-stated-income-mortgage">stated income loans</a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203" target="_blank">Loan Officers: Do More Loans</a></p> <p>"A referral is the greatest compliment I can receive"</p></div> Michael Byrne (Chase Home Loans) Fri, 02 Oct 2009 08:21:12 -0500 http://activerain.com/blogsview/1265817/westfield-mortgage