With rates at historic lows this could be the perfect time to save money on your mortgage payments, or even pull out some cash built up in the equity of your home. When it comes to refinance loans there is no one size fits all program. You need to educate yourself with all options available to you. Little changes in terms between your refinance options can end up costing your thousands of dollars. At Summit Financial Mortgage you’ll find that not only do we access to the most refinance programs, but the most competitive rates in Somerset County, Morris County or anywhere else in New Jersey.

If you’ve been hearing about how interest rates are at record low levels and have been wondering if you could lower your monthly mortgage payments please contact us. Your interest rate has a direct influence in how much you pay each month, so refinancing your loan means you pay less each month. Like we mentioned before there isn’t a golden refinance program that works for everyone, like everyone’s situation is different there is a refinance program for any situation. We are your one stop shop to many refinance loan options, we offer conventional refinance program, along with FHA refinance and VA refinance loan options. Contact us and we’ll run the numbers to see which refinance program can lower your monthly mortgage payments and save you the most money.

Need some extra money to remodel your home to increase its value, pay off debts, pay for a child’s education, or just have some extra spending cash? Then a cash-out refinance could be the loan for you. A cash out refinance works if you’ve built enough equity in your home. If you’ve owned your home for awhile there is a good chance that you have built enough equity. Like all our loan programs we have some of the lowest rates available which means you get more cash.

Also if you’ve tried to refinance in the past, but you are currently underwater because your home value has gone down, there is a solution. Then HARP 2.0 program was created to help people who have been affected by the housing bubble.

We created our Refinance Advisor for us to better assist our client with their refinance needs. Just take a couple minutes and let us know about your situation, it will help us put together some refinance programs that fit you best. That way it takes the guess work out of a refinance and you’ll clearly see first if a refinance is the right option for you, but most importantly which refinance program will save you the most money.

We also specialize in the following New Jersey Loan Programs: