Hillside, New Jersey based Mortgage Broker Orlando Gonzalez reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give New Jersey residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Hillside, NJ -- (ReleaseWire) -- 01/14/2011 -- It seems like everyone in New Jersey is jumping on the mortgage refinancing bandwagon. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don't make a mistake that could wind up costing you big time.

"With refinancing as popular as it is right now, New Jersey residents have to be even more careful about shopping for the best loan," says Orlando Gonzalez, a Hillside, New Jersey based mortgage consultant. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Gonzalez offers these tips when considering refinancing:

* You should get a significantly lower rate for refinancing to make sense. Don't rush to refinance unless it's truly worth your while. If you're working with a mortgage broker rather than going it alone, you can be assured that they're bringing you the best offers out there. If you're going it alone, you'll have to do the legwork for yourself.

* Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you'll now be in danger of losing your home as well.

* Your credit score counts... big time. If you've had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert like a mortgage broker get involved in the process, they can often find loan options that most homeowners didn't even know existed - which can save you thousands over the long haul.

Hillside, New Jersey - based mortgage expert Orlando Gonzalez specializes in providing mortgage information to New Jersey residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Orlando Gonzalez is available for interviews and will welcome all your mortgage related questions.

Call 908-403-5719 for a Free No-Obligation Consultation or visit http://njmortgagepro.com

For more information on this press release visit: http://www.releasewire.com/press-releases/new-jersey/mortgage /release-74287.htm

Hillside, New Jersey based Mortgage Broker Orlando Gonzalez reveals 3 things you should watch out for when shopping for home-finance products on the Internet.

Hillside, NJ -- (ReleaseWire) -- 01/04/2011 -- Hillside, New Jersey Based Mortgage Broker Reveals 3 Things Lenders Don't Want You to Know About Shopping for a Mortgage Online

Anyone who's even remotely interested in shopping for a home loan has probably paid attention to all those commercials on TV touting the ease of using any of a variety of Internet services to compare mortgage offers from the comfort of your home. You may even have tried a couple of them yourself. But Orlando Gonzalez, a Loan Officer with Excelsior Mortgage, LLC, says Hillside, New Jersey residents need to watch out when trying to use the Internet to do the heavy lifting for them.

"Sometimes, these Internet services might work fairly well for certain people." "But the one-size-fits-all approach they offer is going to leave a lot of people with loans that aren't the best for them, or even worse, they may be shut out of the process altogether."

Orlando Gonzalez says the problem with these services is that they never really get to know anything about your financial situation other than your credit history and income level. "So basically what winds up happening is that you're reduced to a number to them. And if they don't like whatever that number is, you're out of luck."

Here are three things you should watch out for when shopping for home-finance products on the Internet – things most online mortgage sites hope you ignore:

*Do they take the time to find out about your unique situation, or are you just a cyber-borrower in their eyes? Most of these sites simply don't have the manpower to individually work with every borrower. So a lot of times you wind up with a bad loan simply because there was no one to check if they could have gotten you a better deal.

*What do they offer people in special financial circumstances – such as the self-employed or people with damaged credit? Most of these sites don't even want to work with you unless you meet their stringent criteria.

*Do they provide advice to help when choosing between loan products? Most sites simply gather offers, throw them in your lap, and pressure you to choose between them. Unless you're a pretty experienced mortgage pro, deciding on the best offer can be difficult, if not impossible.

So, what's the solution? Use the Internet to educate yourself and then work with a real human being. You may not have thought about "old-fashioned" methods of finding the best deal, such as working with a mortgage broker. "But for anyone who values a real person sitting down with you and working through the process, there's no better option," says Gonzalez.

Hillside, New Jersey - based mortgage expert Orlando Gonzalez specializes in providing information to New Jersey residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Orlando Gonzalez is available for interviews and will welcome all your mortgage related questions.

Call 908-403-5719 for a Free No-Obligation Consultation or visit:

http://njmortgagepro.com

For more information on this press release visit: http://www.releasewire.com/press-releases/new-jersey/mortgage/release-72414.htm

Hillside, New Jersey based Mortgage Broker Orlando Gonzalez reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give the self-employed and other New Jersey residents all the facts so they can make an educated decision when obtaining a mortgage.

Hillside, NJ -- (ReleaseWire) -- 12/29/2010 -- Easy Ways for Self-Employed Hillside, New Jersey Residents to Get the Best Mortgage

There's no denying that there are tons of benefits that go along with being self-employed. But along with the freedom of being your own boss, most Hillside residents probably thought one of the things they wouldn't have much choice about is their mortgage. After all, mortgage lenders are traditionally hard on self-employed borrowers, right? Not necessarily.

In fact, says Orlando Gonzalez, a Loan Officer with Excelsior Mortgage, LLC, it might actually be easier to get a mortgage when you're self-employed. If you know where to look, that is.

"What most people don't know is that many lenders are eager to work with self-employed borrowers," "And because of the unique loans they offer that are designed specifically for entrepreneurs, you might actually wind up going through less hassle during the process than your neighbor, who depends on the good graces of a boss for his livelihood."

Here are some quick pointers on shopping for a loan when you're self-employed:

*Look for lenders that will let you verify your income in ways that don't require tax returns or pay stubs. Bank statements, for example, can be much better indicators of cash flow.

*Explore no-doc loans. No-doc means what it sounds like – you don't have to provide all of the supporting documentation most borrowers do. You simply tell the lender what your income is. You'll usually need good credit scores or a larger down payment for this type of loan.

*Get your accountant to sign off on a profit-loss statement. Some lenders can use these as "verification" of your income from self-employment. This should be a simple thing to put together, especially if you have an accountant prepare your taxes every year.

*Ask the experts. Entrepreneurs don't have the time to shop around for lenders who offer these kinds of loans. So do what you would do in your business. Ask an expert. Mortgage brokers have access to dozens of lenders and mortgage products many people don't even know exist. They can streamline the process and make it easy to get the home you want, at a price you can afford.

Hillside, New Jersey - based mortgage expert Orlando Gonzalez specializes in providing information to New Jersey residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Orlando Gonzalez is available for interviews and will welcome all your mortgage related questions.

Call 908-403-5719 for a Free No-Obligation Consultation or visit

http://njmortgagepro.com

For more information on this press release visit: http://www.releasewire.com/press-releases/new-jersey/mortgage/release-71737.htm

Hillside, New Jersey Based Mortgage Lender Orlando Gonzalez reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give consumers all the facts so they can make an educated decision when obtaining a mortgage.

Hillside, NJ -- (ReleaseWire) -- 12/14/2010 -- Local Hillside Mortgage Lender Orlando Gonzalez reveals the shocking truth at a new website that is full of free reports and free mortgage calculators.

"The only way for consumers to make an educated decision is to have all of the facts. Let's face it most consumers are simply uneducated when it comes to obtaining the best mortgage product to fit their financial needs and goals." says Orlando Gonzalez, a mortgage originator based in Hillside, New Jersey.

For most consumers a mortgage is the single largest financial transaction they will make during their lifetime. In fact, most mortgage payments account for approximately 32% of consumer's monthly income.

Orlando Gonzalez has put together a new website to finally allow consumers the ability to obtain all of the information they need to make an informed decision.

Here is a listing of some of the Insider Tips available at http://njmortgagepro.com

*Little Known Secrets That Will Show You How To Improve Your Credit Score

*Important Terms You Must Know BEFORE Obtaining A Mortgage

*Tested and Proven Strategies For Building A Better Credit Record Faster and Easier

*The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage

*How To Finally Stop Renting And Own A Home Of Your Own

*How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit

*7 Things You Should NOT Do When Applying For A Home Loan

*12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn't Want You To Know

Hillside, New Jersey - based mortgage expert Orlando Gonzalez specializes in providing information to consumers that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Orlando Gonzalez is available for interviews and will welcome all your mortgage related questions.

Call 908-403-5719 for a Free No-Obligation Consultation or visit

http://www.njmortgagepro.com

For more information on this press release visit: http://www.releasewire.com/press-releases/new-jersey/mortgage/release-69293.htm