LATEST NJ HOME MORTGAGE NEWS

04/21/06
Industry leader, Jeff Shapiro, President of Somerset Financial Mortgage was recently featured in the April/May issue of Real Estate Executive Magazine. Real Estate Executive is a business and lifestyle magazine, reaching professionals in the real estate industry. It is produced exclusively for industry leaders, including top-producing residential real estate executives, brokers, lending institutions, and mortgage and title companies.

11/07/08
Paul Quinn enjoys helping Somerset Financial's clients get the best program and rate for thier circumstance!! Paul has been with Somerset Financial since 2005, and is very active in the day to day operations at their office. He is definitely the person to speak with about commercial financing, as he is the on-site expert, and is just as versed in residential mortgages as well. Call with your scenario and let him figure out the best way to reach your goal!!

03/26/06
News By: Mortgage News Daily

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Articles

03/20/06 Refinance or Not to Refinance

Now that we know the process we’re better able to understand the answer forthcoming. To get our answer regarding whether to refinance or not we will need to know what our current mortgage rate is as well as our desired rate. Example: If your monthly mortgage payment (excluding taxes & insurance) is about $770 on a $100,000 loan at 8.5% you would save about $70 a month if the rate were lowered to 7.5%. Your monthly payment would be about $700. To determine how much you would save upon refinancing with the desired rate compared to your current loan rate you will need one of the following tools: A Local rate Index A Refinance Analysis Calculator or Mortgage Refinancing Savings Calculator Pull your mortgage statement and examine your current mortgage rate

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