Our GOAL is to
CLOSE YOUR LOAN
in just 21 DAYS!

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Feel free to contact us if you have any questions or would like a second option on your existing mortgage.

Purchase Mortgage

MortgageCalculator.org

Refinance Mortgage

What is a purchase money mortgage? the simplest definition describes purchase money mortgage as a home loan used to buy a property

Refinance

Cash Out Refinance

What is a purchase money mortgage? the simplest definition describes purchase money mortgage as a home loan used to buy a property

Cash Out

Current Rates

RATE As of January 2020 APR
 3.875%  conv. 30 year fixed  3.975%
3.75%   conv. 20 year fixed  3.85%
3.625%  conv. 15 year fixed  2.725% 
3.0%   FHA 30 year fixed 3.10% 
 2.375%  FHA 15 year fixed  2.475%
Find Rates

Mortgage Process

In the United States mortgage loans are issued by both banks and non-bank loan companies. These companies make money primarily by charging the consumer a rate of interest on the total outstanding amount of the loan. They also charge application fees that can range from a few hundred dollars to several thousand. Finally, a lender may require a borrower to pay points before issuing a mortgage. A point is equal to 1% of the total loan amount.

Fico Score Ranges and Interest Rates

Mortgage loans are typically much larger than most other types of personal loans. As a result, the screening process to determine borrowers’ eligibility is more rigorous, at least in theory. Banks try to make loans, to borrowers who have high likelihood of paying back the loan, or at the very least try to price the loan at an APR that is high enough to account for any additional risk that they would be taking on by lending to unqualified buyers. Banks judge potential borrowers based on several criteria.

Why Our Customers Love Us

  • "I cannot express the knowledgeable, patient and courteous manner in which Carlos Lopez guided us through the process of refinancing our home. Ours was a difficult situation, however, Carlos never..."

    -- Albert

    We felt like everyone we dealt with through AMA Mortgage went above and beyond to provide accurate details regarding our loan and kept great contact with us.

    -- Ronnie
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Contact us

Phone: 732-632-8777, 732-632-1708
Fax: 732-453-6169

15 Wood Ave,
Edison, NJ 08820

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