Compare Mortgage Refinance Companies in Edison, NJ
Compare mortgage refinance companies in Edison. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of New Jersey before hiring.
Showing 15 mortgage refinance companies in Edison, NJ
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Edison New Jersey homeowners can work with a mortgage refinance company to lower their interest rate or change loan terms. New Jersey law requires lenders to provide a Good Faith Estimate of closing costs within three business days of application. Local refinance companies in Edison understand Middlesex County property values and can guide you through the process.
What Does a Mortgage Refinance Company in Edison Cost?
Typical costs for a mortgage refinance in New Jersey range from 2 percent to 5 percent of the loan amount. This includes an appraisal fee of 400 to 700 dollars, origination fees of 0.5 to 1 percent, and title insurance which can cost 1,000 to 2,500 dollars. New Jersey also charges a mortgage recording tax of 0.23 percent on the loan amount. These costs vary by lender and loan type. This information is general and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to refinance a mortgage in Edison New Jersey?
You typically need recent pay stubs, tax returns, bank statements, and proof of homeowners insurance. New Jersey lenders also require a property appraisal to confirm home value. Gather these items before you apply to speed up the process.
How long does a mortgage refinance take in New Jersey?
A standard refinance in New Jersey usually takes 30 to 45 days from application to closing. Delays can happen if the appraisal is slow or if additional documents are needed. Your lender must give you a Closing Disclosure at least three business days before closing.
Are there New Jersey specific rules for refinancing a mortgage?
Yes New Jersey requires lenders to register with the state and follow the New Jersey Residential Mortgage Lending Act. You also have a three day right of rescission to cancel the refinance after signing. Check with your lender about any local recording fees or transfer taxes.