Asked by NittanyLion, Hoboken, NJ • Sat Oct 20, 2012
The local Hoboken based banker, as well as my realtor, have pointed out that it's worth considering a local mortgage lender as they are more familiar with the idiosyncrasies of the area. But, I have more competitive rates and/or fees from other lenders, one national bank with a rep in Paramus, another broker in Princeton area, and a broker out of Langhorne PA but all say they have worked with Hoboken buyers. Is it worth paying a quarter or an eighth higher interest rate to use a local mortgage lender? Flood zones, ratio of owner occupied vs rented units, etc, that banks consider, may be of concern? Can I apply with more than one in case one doesn't work out? Thanks!!
Real Estate in Hoboken
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