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

MORTGAGE NEWSLETTER SUBSCRIBE

Articles

03/24/06 Calculating A Mortgage

The good news is that the mortgage calculator can provide all of these things to you. One of the best ways to use it is to compare the various types of loans that are out there. One of the comparisons you will want to make as a new home owner is to compare the two most common types of loans out there. These are the FHA which is backed by the Federal government and the standard conventional loan. This tool can help you to do just that.

These two types of loans are by far the most commonly used. They allow for individuals to secure the home that they want when they may not otherwise be able to purchase it. When you are considering which one of these two (or any other for that matter) is the right choice for you, take your time to consider what these loans offer. Use a mortgage calculator to help you to determine the cost of them too. This tool will allow you to see what will actually happen if you select the FHA or the conventional.

It will tell you how much the home loan will cost in total. It will tell you how much you are spending on interest as well. It will also help you to see how much you will have to pay in monthly payments. This is just some of what the mortgage calculator can provide for you. Because these two types of loans often have different interest rates, some have different terms and fees you will want to see what all of that means to you in dollars and cents. This tool can provide just that for you. You will simply input the different information from the loans, click a button and have the answers. Go back and do it again to see what the other loan will provide.

This is the most ideal of ways to see the benefits of your home loan purchase. You can compare what the benefits of going with FHA are to that of going with a conventional style loan. Remember, this tool is free to use, offers no obligation to you and is a simple, easy to use product. What’s more is that the mortgage calculator can provide you with information about how to save money on the purchase of your home.

Back to the main articles page

GET FREE MORTGAGE QUOTE NOW

Pre-qualify now for a Refinance, Purchase or Home Equity loan in New Jersey