Tips on refinancing your mortgage

If you are thinking of refinancing your mortgage, remember to shop around, compare loan terms and negotiate with lenders. Refinancing allows you to switch to a different mortgage with terms that you think are more beneficial. If your credit score has improved, you may be able to get a loan at a lower rate. Or you may want to refinance for a longer term to lower your monthly payments. (suggestion from a seasoned real estate professional like myself, at least 3 or 4 opinions are necessary).

Be prepared however to pay closing or settlement costs to refinance. Lenders are required by federal law to provide a "good faith estimate" of your closing costs within three days of receiving your loan application.

A refinancing calculator that I use for my clients is located at www.federalreserve.gov

You can cut your property taxes by 47% in hoboken?

Apparently here in hoboken and jersey city one developer had a sign saying they could cut your Hoboken property taxes by 47%. Actually offended hobokens mayor Dave Roberts. If its the truth why get so offended? typical politics. The sign actually referenced Hobokens state takeover and subsequent massive tax hike. The overall property tax rate for hoboken property owners increased 47 percent for the fiscal year that ends june 30.

They claimed to be nice guys although legally not binded to take it down.

So if you live in Hoboken you CAN cut your property taxes down. so DO IT!