Warren, NJ -- (SBWIRE) -- 11/07/2013 -- Warren, 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 Cheryl Sheasby, a Loan Officer with Mortgage Network Solutions (NMLS #58096), says Warren, 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."

Cheryl Sheasby 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 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 Sheasby.

Warren, New Jersey - based mortgage expert Cheryl Sheasby 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.

About Cheryl Sheasby
Cheryl Sheasby is a mortgage originator based in Warren, New Jersey. Cheryl has been helping people buy their dream home for almost 25 years.

Cheryl is available for a Free No-Obligation Consultation by calling 908-754-7505 or by visiting http://yourhomemtg.com.

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

New Jersey homeowners who are living under negative equity may be able to use the HARP 2.0 government program to allow them to refinance at lower interest rates.

Warren, NJ -- (SBWIRE) -- 07/24/2013 -- More people than ever with homes in distress are able to refinance under the HARP 2.0 program. This bodes well for homeowners looking to reduce their interest rates and lower their monthly mortgage payments.

The only problem is that still many homeowners don't know the program exists.

Mortgage originator and refinance specialist Cheryl Sheasby educates her potential clients on the basics of this program at her Online HARP Refinance Information Center.

Sheasby explains that the Home Affordable Refinance Program (HARP) is a streamline refinance program created to help responsible borrowers who have continued to make their mortgage payments, but may be unable to refinance over recent years due to a decline in their home value.

In October 2011, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to refinance mortgages.

With the changes announced to the HARP eligibility guidelines (now called HARP 2.0), more homeowners than ever are now eligible to refinance at lower interest rates.

According to Sheasby, the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan modifications. Those New Jersey homeowners with high LTVs (Loan-to-Value ratios) and less than perfect credit scores have been able to successfully refinance their homes.

You May Be Eligible For A HARP Refinance If:

1) Fannie Mae or Freddie Mac owned or guaranteed your home loan.

2) Your loan was sold to Fannie Mae or Freddie Mac before May 31, 2009.

3) Your mortgage is current for the last six months.

4) You owe more than your home is worth, or is there minimal equity in your home.

5) Your mortgage has not already been refinanced through HARP in the past, unless it happens to be a Fannie Mae loan that underwent a HARP refinance between March and May 2009.

6) You have no more than one late payment over the past 12 months.

7) Your loan is not an FHA, USDA or Jumbo Mortgage.

Call Cheryl Sheasby at 908-754-7505 or visit our HARP Refinance Center and fill out our Quick 1 Step Eligibility Form to see if you qualify for this new program.

Ms. Sheasby is also available answer all of your HARP Questions.

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

New Jersey Refinancing Expert Cheryl Sheasby 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.

Warren, NJ -- (SBWIRE) -- 03/01/2013 -- 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.

Cheryl Sheasby, a Warren, New Jersey based mortgage consultant, has released a new web site at: http://yourhomemtg.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 Sheasby, 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."

Cheryl Sheasby is available for interviews and will welcome all your mortgage related questions.

Call 908-754-7505 or visit http://yourhomemtg.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

New Jersey homeowners who are living under negative equity may be able to use the HARP 2.0 government program to allow them to refinance at lower interest rates.

Warren, NJ -- (SBWIRE) -- 01/25/2013 -- More people than ever with homes in distress are able to refinance under the HARP 2.0 program. This bodes well for homeowners looking to reduce their interest rates and lower their monthly mortgage payments.

The only problem is that still many New Jersey homeowners don't know the program exists.

New Jersey mortgage originator, Cheryl Sheasby (NMLS #277150) educates his potential clients on the basics of this program at his Online HARP Refinance Information Center.

Sheasby (NMLS #277150) explains that the Home Affordable Refinance Program (HARP) is a streamline refinance program created to help responsible borrowers who have continued to make their mortgage payments, but may be unable to refinance over recent years due to a decline in their home value.

In October 2011, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to refinance mortgages in New Jersey.

With the changes announced to the HARP eligibility guidelines (now called HARP 2.0), more homeowners than ever are now eligible to refinance at lower interest rates.

According to Sheasby (NMLS #277150), the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan modifications. Those New Jersey homeowners with high LTVs (Loan-to-Value ratios) and less than perfect credit scores have been able to successfully refinance their homes.

You May Be Eligible For A HARP Refinance If:

1) Fannie Mae or Freddie Mac owned or guaranteed your home loan.

2) Your loan was sold to Fannie Mae or Freddie Mac before May 31, 2009.

3) Your mortgage is current for the last six months.

4) You owe more than your home is worth, or is there minimal equity in your home.

5) Your mortgage has not already been refinanced through HARP in the past, unless it happens to be a Fannie Mae loan that underwent a HARP refinance between March and May 2009.

6) You have no more than one late payment over the past 12 months.

7) Your loan is not an FHA, USDA or Jumbo Mortgage.

Call Cheryl Sheasby (NMLS #277150) at 908-754-7505 or visit our HARP Refinance Center and fill out our Quick 1 Step Eligibility Form to see if you qualify for this new program.

For Answers to Your HARP Questions: http://yourhomemtg.com

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

Warren, NJ -- (SBWIRE) -- 01/21/2013 -- Refinancing under the HARP 2.0 program bodes well for homeowners looking to reduce their interest rates and lower their monthly mortgage payments.

The only problem is that still many New Jersey homeowners don't know the program exists.

New Jersey mortgage originator, Cheryl Sheasby (NMLS #277150) explains that the Home Affordable Refinance Program (HARP) is a streamline refinance program created to help responsible borrowers who have continued to make their mortgage payments, but may be unable to refinance over recent years due to a decline in their home value.

Sheasby (NMLS #277150) educates her potential clients on the basics of this program at her Online HARP Refinance Information Center.

With the changes announced to the HARP eligibility guidelines (now called HARP 2.0), more homeowners than ever are now eligible to refinance at lower interest rates.

In October 2011, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to refinance mortgages in New Jersey.

According to Sheasby (NMLS #277150), the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan modifications. Those New Jersey homeowners with high LTVs (Loan-to-Value ratios) and less than perfect credit scores have been able to successfully refinance their homes.

You May Be Eligible For A HARP Refinance If:

1) Your mortgage is current for the last six months.
2) You owe more than your home is worth, or is there minimal equity in your home.
3) Fannie Mae or Freddie Mac owned or guaranteed your home loan.
4) Your loan was sold to Fannie Mae or Freddie Mac before May 31, 2009.
5) Your loan is not an FHA, USDA or Jumbo Mortgage.
6) You have no more than one late payment over the past 12 months.
7) Your mortgage has not already been refinanced through HARP in the past, unless it happens to be a Fannie Mae loan that underwent a HARP refinance between March and May 2009.

Call Cheryl Sheasby (NMLS #277150) at 908-754-7505 or visit our HARP Refinance Center and fill out our Quick 1 Step Eligibility Form to see if you qualify for this new program.

For Answers to Your HARP Questions: http://yourhomemtg.com

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

Updated HARP 2.0 government program provides refinancing options to New Jersey homeowners who are living under negative equity by allowing them to refinance at lower interest rates.

Warren, NJ -- (SBWIRE) -- 09/04/2012 -- In October 2011, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to refinance mortgages in New Jersey that are HARP Eligible.

The Home Affordable Refinance Program is a financial aid program announced by the US federal government in 2009 to help millions of homeowners who are either near-underwater or underwater (means you have zero - or even negative - equity in your home) to refinance into a fixed loan with lower monthly payments.

With the changes announced to the HARP eligibility guidelines (now called HARP 2.0), more and more homeowners are now eligible to refinance at lower interest rates.

The elimination of the 125% loan-to-value for fixed rate Freddie Mac or Fannie Mae mortgages and the exclusion of appraisals for new properties where there is already a reliable Automated Valuation Model or AVM are two such major changes that help make more people eligible.

The goal of the newly modified HARP 2.0 Program is to help stabilize the real estate market and encourage more people to buy homes on loans.

You May Be Eligible For A HARP Refinance If:

1) Fannie Mae or Freddie Mac owned or guaranteed your home loan.

2) Your loan was sold to Fannie Mae or Freddie Mac before May 31, 2009.

3) Your mortgage has not already been refinanced through HARP in the past, unless it happens to be a Fannie Mae loan that underwent a HARP refinance between March and May 2009.

4) You owe more than your home is worth, or is there minimal equity in your home.

5) You have been current on your mortgage for the last six months.

6) You have no more than one late payment over the past 12 months.

7) Your loan is not a USDA, FHA or Jumbo Mortgage.

Call Cheryl Sheasby (NMLS #277150) at 908-754-7505 or visit our HARP Refinance Center and fill out our Quick 1 Step Eligibility Form to see if you qualify for this new program.

For Answers to Your HARP Questions: http://njharploans.com

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