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Alloway, NJ Mortgage Refinance in New Jersey

We make it easy to get the lowest mortgage refinance interest rate in Alloway, NJ.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Alloway, NJ residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.

When Should I Refinance?

The best time to refinance is when interest rates in Alloway, New Jersey drop below the rate of your current mortgage.  With a lower interest rate, you'll save money on your mortgage payment every month.  Be sure to read our article titled Reasons to Refinance Now.

Turn Your Adjustable Rate into a Fixed Rate

With adjustable rates on the rise Alloway, NJ residents can benefit greatly from refinancing your home for a low fixed rate.  These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.

Cash-Out Refinancing

Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash.  You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt.  How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.

Eliminate PMI

Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent.  If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.

Save Thousands in Interest

When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years.  Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan.  However, in the long-term you are saving thousands in interest.  And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.

Mortgage Refinance Calculators

Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator 

Refinance Articles

Reasons to Refinance Now
Beat the Subprime Mortgage Crisis 
Return to mortgage refinance in the state of NJ

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Alloway, New Jersey News
State purchases Holly Hills; course to go back to nature

The state's Green Acres has officially purchased Holly Hills Golf Course for approximately $3.5 million, and will allow the grounds of the once heralded golf course to grow back into a natural state.


Police Beat

All Items in Police Beat are based on official police reports of events. Reports are published by The Daily Journal as soon as they are made available.


Fogg arrested for Pike Lanes gunfire

A 45-year-old Alloway Township man was arrested earlier this month on charges that he fired a handgun at the owner of a local bowling alley.


Two years later, four Atlantic City prostitute deaths unsolved

Two years after the bodies of four prostitutes were found dumped behind a seedy motel just outside this gambling resort, those who called them daughter, sister, wife, friend, or even mother would prefer not to ...


a oeI Love Molly and I Miss Hera

Thursday, November 20th, marks two years since four women were found murdered at the Jersey Shore and for those who knew and loved them, there are still very few answers.


update: Alloway Township residents hope U.S. Fish and Wildlife will kill housing project

Denise Hurff would not go so far as to say she felt excited, exactly. Sure, it felt like a victory Wednesday night when the Planning Board voted unanimously to invite the U.S. Fish and Wildlife Service to study ...


Quinton may cancel sewer contract

The Quinton Township Committee wants to terminate its contract with Metra Industries, the company installing the new sewerage system, for allegedly failing to fulfill its end of the deal and complete the ...


Bus Trips

St. Isidore the Farmer Parish will sponsor a bus trip to New York City Nov. 15. Cost is $225, includes transportation, an orchestra seat for the 2 p.m. performance of "Wicked" and dinner at Remi's, a $100 ...


Robert Burns Poetry To Be Twittered

The works of Robert Burns are being Twittered as part of the celebration of the Scottish poet's 250th birthday.


Big Read event promotes literacy in Salem County

Science fiction became reality as families enjoyed activities that highlighted Pulitzer Prize-winning author Ray Bradbury's "Fahrenheit 451" at Salem Community College Saturday.


Alloway Halloween Parade may be postponed due to rain

The Alloway Halloween Parade, a tradition in its 40th consecutive year, promises to be bigger and better than ever before.


Sewer project moving ahead

Residents here will have to wait until Nov. 20 to learn what company will be contracted for the sewerage project and what method will be used to make it work.


Alloway slated to revalue property

Properties throughout the township will undergo a revaluation. At Thursday night's township committee meeting, it was announced that a revaluation would occur, but the start date is not yet known.


County opens its doors to history and arts tours

This Sunday kicks off a two-weekend, free of charge, history and arts tour that will showcase the best of Salem County.


Club News

The Port Norris Historical Society will meet at 7 p.m. Tuesday at the Port Norris Fire Hall.


Alloway Twp. fire truck going where it's needed

An Alloway Township Fire Co. truck may be unusable here, but in Texas it is going to help save lives.


Alloway woman named to Cumberland Co. College post

An Alloway woman has been named director of Cumberland County College's Shirlee and Bernard Brown University Center.


Clock ticking on police payments

Towns with part-time or no local police departments have until year's end to decide whether to begin paying for the New Jersey State Police coverage they receive, or seek an alternative arrangement.


Jerseyans help out in Gustav, successor

The women are among a group of 51 New Jersey residents who have been volunteering with the American Red Cross in hurricane-hit areas along the Gulf Coast the last few weeks.


Bostwick Lake dam bids sought

The townships surrounding Bostwick Lake, as well as the commission overseeing the lake, are once again seeking bids to reinforce the concrete spillways that give the landmark back its depth and shape.


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