Struggling New Jersey homeowners now have real help available through the new FHA streamline refinance program.

Marlton, NJ -- (SBWIRE) -- 09/20/2012 -- New Jersey mortgage lender, Nicholas Orapallo is now offering a newly revamped FHA streamline refinance program aimed at enabling even the deepest underwater or upside down homeowners to reduce their payments and enjoy current record low mortgage rates.

The newly released FHA streamline mortgage no longer requires a home appraisal and offers superior savings in addition to many benefits which New Jersey homeowners may not even know exist.

Until the release of the FHA Streamline Refinance program, New Jersey borrowers with FHA home loans have had limited opportunities to receive mortgage assistance.

In addition to incredibly low interest rates and massive savings over the life of your mortgage loan, streamlined refinances offer the following benefits:

- Lower Mortgage Insurance
- No appraisals required
- 'No-cost' refinancing possible
- Lower credit scores OK
- No loan balance increase to cover loan costs
- Can refinance even if 'underwater' or 'upside down'
- Minimal paperwork

The Federal Housing Administration (FHA) who insures these home loans actually has no minimum credit score requirement and requires no income verification, although each individual mortgage lender may have their own underwriting guidelines requiring a minimum credit score and additional income verification.

Still, what is really different about the new streamline program is the reduction of mortgage interest for those whose original loans were endorsed on or before May 31st, 2009. According to the FHA this equates to additional savings of over $3,000 at closing and over $100 a month for the average borrower compared to the previous program.

This is on top of the ongoing payment savings for a borrower, which could be thousands of dollars per year depending on the loan amount and interest rate change.

Clearly, no borrower could ask for an easier mortgage program to qualify for and the savings could be quite significant, even for those who already thought they had pretty attractive rates.

FHA Streamline Specialist, Nicholas Orapallo says "these FHA loans are an exciting way for people to enjoy double savings with lower monthly mortgage payments and faster equity building with the long term restructuring".

New Jersey property owners who currently have FHA loans can discover more information on the program and check out the 60 second eligibility form for personalized quotes and savings calculations at http://easyfharefi.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Marlton, New Jersey based Mortgage Consultant Nicholas Orapallo 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.

Marlton, NJ -- (SBWIRE) -- 08/14/2012 -- 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 Nicholas Orapallo, a Marlton, 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."

Orapallo 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.

Marlton, New Jersey - based mortgage expert Nicholas Orapallo 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.

Nicholas Orapallo is available for interviews and will welcome all your mortgage related questions.

Call 856-419-8775 for a Free No-Obligation Consultation or visit http://custommortgagesolutions.info

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Marlton, New Jersey Based Mortgage Lender Nicholas Orapallo 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.

Marlton, NJ -- (SBWIRE) -- 07/19/2012 -- Marlton New Jersey based Mortgage Expert finally reveals the secrets at a brand new website: http://www.freemortgagereports.org

This site is loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.

If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in New Jersey or the surrounding areas, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.

Here is just a small sample of the secrets revealed on this site...

- 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

Marlton, New Jersey - based mortgage expert Nicholas Orapallo 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.

Nicholas Orapallo is available for interviews and will welcome all your mortgage related questions.

Call 856-419-8775 for a Free No-Obligation Consultation or visit: http://www.mortgage-newjersey.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New Jersey Refinancing Expert Nicholas Orapallo explains all about the revamped government program that provides refinancing options to homeowners who owe more on their mortgage than their house it worth called HARP 2.0.

Marlton, NJ -- (SBWIRE) -- 06/13/2012 -- Help has finally arrived for New Jersey home owners whose property values have dropped over the past couple of years. In order to lower costs of mortgage installments today and get a good fixed rate plan underway for repayment, many people are turning to the Home Affordable Refinance Program (HARP or HARP 2.0), also known as the Making Home Affordable Program.

However, as new information appears on government sites, people are finding the documentation to be lengthy and somewhat confusing.

Nicholas Orapallo, a Marlton, New Jersey based mortgage consultant, has released a new web site at: http://njharp2.com designed to remove the confusion about this latest government program.

This new HARP 2.0 resource site shares details about the basics of this mortgage lending solution and answers questions like:

* What are HARP loans all about, in a nutshell – in layman's terms? 
* What are the benefits of HARP loans? 
* What kind of mortgage loans can HARP funds be used for?
* Do I qualify for the HARP program?
* What documents do I need to bring to the lender when I apply?
* And much more…

The new resource site showcases pages of information to help New Jersey borrowers realize that HARP loans are an ideal way for families with homes that have dropped in value to rebuild their investment, creating equity faster under a new structure.

HARP Specialist Orapallo, says "readily available and with low interest rates, these HARP loans are an exciting way for people to enjoy double savings with lower monthly mortgage installment loan payments and increased equity over the long term restructuring."

Nicholas Orapallo is available for interviews and will welcome all your mortgage related questions.

Call 856-419-8775 or visit http://njharp2.com to see if you qualify for this new program.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm