Coldwell Banker Home Loans




Home Financing BrochureMortgage Pre-Approval

Call our Mortgage Advisor, Phyllis Byrne Nelson, at 973-224-2454 for personal assistance regarding your home financing needs.

Email Phyllis Byrne Nelson

Home Financing

Today's homebuyers often have questions about which mortgage program is best for them. Coldwell Banker Home Loans is a resource for all homebuyers. Experts in the home financing business, they can assist homebuyers with making the right financial decision.

Coldwell Banker Home Loans offers a variety of mortgage products that are tailor-made for the homebuyer's needs. From start to finish the Coldwell Banker mortgage process is as easy as 1-2-3.

A call to our Mortgage Advisor, Phyllis Byrne Nelson, at 973-224-2454 places homebuyers in direct contact with a Mortgage Loan Consultant.

The Mortgage Loan Consultant will mail the homebuyer a step-by-step application package for review and signature. Once signed and returned with all the required documentation, and Coldwell Banker receives a satisfactory appraisal, the mortgage application is complete.

Financing Your New Home

Think you can't get a home loan? Think again. You may be pleasantly surprised.

By Phyllis Byrne Nelson, Coldwell Banker Home Loans mortgage advisor.

Well you finally found the home you love and the media is saying that no one is lending money. That is not true. You can still get mortgages for new homes or refinancing but the requirements are stricter than a year ago. Let’s look at a few things you should be aware of when you apply for a mortgage.

The easiest way to think of it is CIA; credit, income and assets. Credit requirements have gotten stricter over the past year. Today if you want to get a good rate, your credit score should be above 720.  You can still get mortgages with scores in the mid and high 500s but your best rate will be for credit scores above 720.  If you have a good score and don’t understand why it isn’t higher, after all you have never been late on anything; look at your credit cards.  Your balance should never be more than 50% of the credit limit on any card.  If it is, pay it down, ask the lender to increase your credit limit or spread your balances around to get your balances under 50%.  The best is to have balances around 30%. This has almost the same weight as paying on time and is the one thing most people miss. (Go to complete article>>)