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Parsippany, NJ Mortgage Refinance in New Jersey

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Parsippany, 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 Parsippany, 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 Parsippany, 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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Parsippany, New Jersey News
Holiday cookies on sale in Parsippany

PARSIPPANY -- St. Gregory's second annual Cookie and Creche Walk will be held from 10 a.m. to 3 p.m. Saturday, or until the cookies run out.


Avis will raise car-rental rates

Parsippany-based Avis Budget Group Inc. said today it will raise some of its car rental rates as it grapples with rising business costs.


W. Deptford man sics police on himself to get out of the cold

PARSIPPANY - More than 100 miles away from home and trying to get there on foot, a Gloucester County man gave in on Thanksgiving and summoned police with an unusual request.


Clarence L. Hall

21, 2008, at his home, with his family by his side. He was 87. Born in Stanton, N.J., on Dec.


Parsippany an example to all

To the Editor: Too often, the work of a board of education is not appreciated, resulting at times in peevish criticism.


Parsippany Road remains closed by downed wires after Sunday crash

Parsippany Road remains closed this morning between Allentown Road and Littleton Road due to downed wires -- the result of a Sunday night accident that brought down a utility pole.


Parsippany plan factors residency into hiring

PARSIPPANY -- Fewer municipal job applicants with mega-commutes will be hired if the council adopts a 'residency preference' at its Tuesday.


Parsippany has license plate recognition system in play

While Parsippany had a very public debate before rejecting red-light cameras, a new 'license plate recognition system' was quietly activated by the police department several months ago.


Parsippany shelter wants food for pets

MOUNTAIN LAKES -- Shelter Helpers On Wheels, a Parsippany-based, all-volunteer nonprofit group that provides temporary assistance to nonprofit animal welfare and animal rescue groups, is sponsoring a drive for ...


Hellmann Worldwide Logistics Links to INTTRA to Increase North American Supply Chain Efficiencies

INTTRA Link is an integration service that offers customers with a high volume of shipping transactions the option of using XML or EDI to link their systems with carriers.


Man pleads guilty to Morris business burglaries

A 47-year-old East Orange resident, who authorities have described as a serial burglar, pleaded guilty this afternoon to breaking into four businesses in Montville, Roxbury and Parsippany in the spring and ...


Cops: 'Attack' on officer turns out to be film class project

PARSIPPANY - An amateur movie production on Route 46 last weekend featuring multiple prison "inmates" in orange jumpsuits attacking a real-looking sheriff's officer prompted 911 calls from startled motorists ...


Caregivers learn about resources at event inParsippany

A caregivers resource fair on Sunday included 45 area agencies and businesses that offer services, information and programs to help caregivers in Morris County.


PTW Sports Schedule

Parsippany Parsippany Recreation Department is accepting registrations through November for winter basketball clinics.


Multifamily homes selling in Parsippany, Jefferson

WOODBRIDGE -- Real estate investment sales firm The Kislak Company Inc. announced that it recently completed more than $62 million in sales representing 10 multifamily properties in New Jersey and eastern ...


Parsippany council balks at firefighters' antenna bid

PARSIPPANY -- The town council Wednesday night unanimously rebuffed a request by local firefighters who wanted to pursue contracting with Verizon for a cellular antenna on fire department property.


Parsippany schools work near end with cash to spare

PARSIPPANY -- Security cameras, energy-efficient windows and an elementary school ballfield are some of the final checklist items on the school district's $47.6 million construction project that officials ...


Kids in the kitchen

HILLSBOROUGH - At the Young Chefs Academy, children in kindergarten through high school are encouraged to get messy while creating healthy meal choices.


Hanover, N.J. Mayor Turns Down $20,000 Bribe

It wasn't business as usual when authorities say a businessman tried to bribe Hanover Mayor Ronald Francioli.


Restaurants serve up a ... Taste of Parsippany

Approximately 34 restaurants and wineries from Parsippany and the surrounding area came together last week to offer residents a sample of what they offer, during the annual 'Taste of Parsippany Area' at the ...


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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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