financinginfo
Financing Info

Through our network of Mortgage Bankers, we are able to assist you with home financing that meets your needs.

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Buy & Remodel Your House With One Mortgage!

 

Banking Network

 

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MetLife Bank HECM Saver Reverse Mortgage

Need “Remodeling” Financing? 

Call us about HECM Saver Reverse Mortgage for 62 years old & older.

    With federally insured MetLife Bank HECM Saver Reverse Mortgage, you get:

  • No Income or Credit Qualifications
  • Low Upfront Cost Can Be Financed
  • Fixed & Adjustable Rates Available
  • No Monthly Mortgage Payments Ever

    Reverse Mortgage Facts:

  • The bank will NOT own your home.
  • Your government benefits generally will NOT be affected.

Metlife Bank, N.A.

Eugene Genovese
Reverse Mortgage Consultant
MetLife Home Loans
Direct: 908-216-0674
Cell: 908-627-3674
Fax: 732-845-9178    

Email: egenovese@metlife.com
Go To Gene's Website

F.H.A. 203(k) RE-HAB Loan or Renovation Loan

F.H.A. 203(k) or Renovation Loan allows a customer to purchase a home in need of repairs and finance the costs to improve that home to the customer’s desire.  FHA requirements:

  • Finance up to 110% of the Total Loan Amount (Purchase Price + Improvement Cost)
  • 3.5% Down based on Total Loan Amount
  • Owner Occupied
  • Finance up to 6 months of mortgage payments.  

 It's Easy!
  1. Fill out a 24 Hr Pre-Approved Request Form.
  2. NJ Dream House, LLC will work towards Locating the Property and Customizing the Remodeling Package to your desire.
  3. Apply for a loan with the Mortgage Specialist who will assist you in the entire loan process.The following is needed: Loan Application, Contract of Purchase, Remodeling Package / Improvement Contract
  4. Mortgage Specialist will coordinate all necessary procedures with an FHA Consultant.
  5. Closing of Loan
  6. Construction Starts, draws are paid.  Underwriter coordinates with NJ Dream House, LLC during the process until project is complete which usually takes about 6 to 8 weeks.

Construction Loan

Construction Loan allows borrowers to acquire a construction loan to achieve the finished product.  The lender will base the value on the finished renovations and they can typically borrow up to 75% of the end value and take draws to acquire the money as the progress moves on with the renovations.

OceanFirst Bank

JOHN R. RUSKIN
CSA Certified Senior Advisors/ Loan Officer/ Reverse Mortgage Specialist

975 Hooper Avenue, Toms River, NJ 08753
Direct: 732-785-0015
Cell: 732-267-6812
Toll-Free: 888-785-0015
Voicemail: 888-623-2633 ext. 7217
Private Fax 732-475-2724

Email: jruskin@oceanfirst.com
Go to John's Website