Mortgage Loan FAQ

MortgageloansNJ.com

If you have a question that is not listed please visit the consultation center. A mortgage expert will respond to your answer the next business day.

How much of a loan can I afford?

Use our free simple mortgage qualficaton calculator to find out.

How long does it take to get a loan approved?

Depending on the availability of required paperwork loans can be approved in under two weeks.

What documents do I need when I apply?

• W2s
• Federal income tax statements
• Current paycheck stubs

How do I decide which is the best mortgage for me?

That's where our experience comes in, we will evaluate your current and estimated future financial picture, the time you plan to live in the house, and whether a fixed or adjustable rate is right for you.

How much do I need to put down?

This will vary depending on your credit and income. Lately mortgage lenders have not been requiring larger down payments to approve a loan. The average down payment is 3-20% of the amount needed.

Who underwrites my application and paperwork?

Our brokers have their own underwriters who work to present your information in the best way possible. We rely on in house people to serve your best interests.