For accurate and convenient New Jersey home loan rates, Garden State Home Loans has the tools for you. Founded in... read more →
It can be tough to obtain the best home loan with so many options available in South Jersey home loan... read more →
Garden State Home Loans continues to be among the top rated South Jersey mortgage companies. Located in Cherry Hill, our... read more →
Are you using a local lender or one of those nationally advertised mortgage companies? We have all heard the term... read more →
There have been a lot of calls and emails regarding the Federal Tax Cut and what the markets are doing.... read more →
The Mortgage Process Have you ever wondered about what steps your loan goes through before closing? Wonder no more! Here... read more →
Down Payment A down payment is a type of payment made in cash at the beginning of the purchase of... read more →
Jumbo Loan Myths A jumbo loan is a home loan that exceeds conforming loan limits. Jumbo loans are often used... read more →
FHA 203(k) Rehab Loan An FHA 203(k) rehab loan is also known as a renovation loan. It allows homebuyers to... read more →
Underwriting Once a loan goes through the loan processor, it is handed off to an underwriter. During the mortgage underwriting... read more →
Eviction Eviction is a landlord’s legal removal of a tenant from a rental property. There are many different reasons why... read more →
Verification of Employment When applying for a mortgage loan, a lender will have to verify your employment. The lender needs... read more →
Basis Points What are basis points? Basis points are a common unit of measurement for interest rates. A basis point... read more →
Paying off your mortgage early Paying off a mortgage early is something that many borrowers may be interested in. However,... read more →
How does foreclosure work? Foreclosure occurs when a borrower fails to meet loan obligations. Foreclosure rights and procedures are different... read more →
Mortgage Lenders A confusing part throughout the mortgage process is confronting the many different types of lenders that deal with... read more →
Pre-approval Letter Expiration A pre-approval letter is a conditional agreement that states how much of a home you are able... read more →
Refinancing with a VA Loan The Veteran’s Administration loans, or, VA loans, are a home-mortgage option available to veterans, current or... read more →
Residential Mortgage-Backed Security A residential mortgage-backed security, or RMBS, is a type of mortgage-backed debt obligation. The cash flows come... read more →
What are lender credits? Not everyone has the ability to pay the closing costs. If you are in the position... read more →
The Loan-to-Value Ratio The loan-to-value (LTV) ratio is a lending risk assessment that lenders use to examine before approving a... read more →
Define: loan to value ratio Definition: The loan to value ratio is the relationship between the loan amount and the value of... read more →
A divorce means splitting up the assets you have obtained throughout your marriage. One of the more difficult assets to... read more →
The Differences Between Conforming & Non-Conforming Loans Many people apply for loans when paying their mortgage. Two common types of... read more →
When a close friend or family member is getting a mortgage, they may ask you to be a co-signer or... read more →
What is PMI? Private Mortgage Insurance (PMI) is an insurance policy that protects lenders against loss if borrowers stop paying... read more →
Mortgage overlays are company specific rules that a lender must follow. These are on top of the published guidelines for... read more →
When first buying a home, there are many factors you have to include that you may not be aware of.... read more →
If you become unemployed, you may not be able to afford your mortgage. One of the first things you should... read more →
Fixed rate mortgages are mortgage loans with interest rates that do not fluctuate throughout the entirety of the loan. Fixed... read more →
What is a ‘Tax Credit’? A tax credit is an amount of money taxpayers can subtract from their taxes owed... read more →
What is HELOC? A Home Equity Line Of Credit, or HELOC, is a line of credit extended to a homeowner... read more →
If your mortgage application gets denied, do not worry. There are still many opportunities to pursue a future mortgage. Mortgage... read more →
While trying to obtain a loan for your new home, your mortgage lender will require a home appraisal. The appraisal's... read more →
Define: assigned loan Definition: An assigned loan is the transfer of ownership from one person to another.
Define: non-conforming loan Definition: A non-conforming loan is a loan that does not conform to Federal National Mortgage Association (FNMA) or Federal... read more →
Define: non-traditional mortgage Definition: A non-traditional mortgage is a residential mortgage loan product that allows borrowers to defer repayment of principal and,... read more →
Define: lender credits Definition: Lender credits a credit that a lender may offer a borrower to help with closing costs. The lender... read more →
Define: What is an assumable mortgage? Definition of assumable mortgage: An assumable mortgage is a mortgage loan that can be taken over... read more →
An adjustable rate mortgage (ARM) is a type of mortgage loan where the interest fluctuates as market rates fluctuate. Your... read more →
VA Loans are offered by the Department of Veteran's Affairs (VA) and are intended to help veterans, active service members,... read more →
Different loan programs target different buyers. A mortgage application assesses many aspects of your financial situation, such as your debt-to-income... read more →
When purchasing a new home, it is important to consider multiple types of mortgage loans. The mortgage application process considers... read more →
The Veteran's Administration loans, or VA loans, are a home-mortgage option available to veterans, current or former members of the... read more →
Mortgage Loan & Pre-approval Document Checklist (with PDF) Mortgage Loan Document Checklist PDF Download If you are house hunting and... read more →