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Main Office:
Two River Mortgage
157 Broad Street
Suite 312
Red Bank, NJ 07701 Tel: 732.345.5000
Fax: 732.345.5049

Realtors and Closing Agents for
New Jersey, New York, and Florida

New Jersey

Bergen Hudson Essex Counties, NJ

Geri Sheahan
Geri@chenagency.com
www.chenagency.com
The Chen Agency
1392 Palisades Avenue
Fort Lee,New Jersey
201.346.8888

Monmouth County, NJ

Lydia Gradone
Brokers 3 Realtors
Sherwsbury@brokers3.com
www.Brokers3.com
675 Broad Street
Sherwsbury, NJ
732.741.8600

Ocean County, NJ

Toula Rosebrock
Diane Turton Realtors
535 Lacy Road
Forked River, NJ 08731
www.toula.org
Trosehomesales@aol.com
Direct Phone: 609.639.0295
Office Phone: 609.6937040 x207
Cell: 609.290.7725

New York

Manhattan, New York

Blues Onsite Realtor
Barrie Mandel
BDM@corcoran.com
The Corcoran Group
100 Norfolk St
New York, NY 10002
Tel. 212.533.8822

Brooklyn, New York

Linda Wolf
law@corcoran.com
www.corcoran.com
The Corcoran Group
124 Montague Street
Brooklyn, New York
Tel. 718.923.8052
Cell 917.754.1689

Florida

Broward & West Palm Beach Counties

Gary Chaiken
Gary@homesinlighthousepoint.com
www.Homesinlighthousepoint.com
RE/Max Partners
Lighthousepoint, Florida
Tel. 954.784.5205
Cell 954.292.2646

New Jersey Real Estate Attorneys & Closing Agents

Statewide

A.E.:Tom Grant
Inside: Bridget
Colonial Title Agency
30 Schuyler Place
Morristown, NJ
973-267-4600

Bergen County

David Gelbert, Esq.
dgelbert@royalabstract.com
500 Fifth Avenue
Suite 1940
New York, NY
201-567-9889
212-376-0900

Monmouth County

William Deisinger, Esq
170 Broad Street
Red Bank, NJ 07701
732-842-3939
Mike Convery Convery & Convery
East Bergen Place
Red Bank, NJ 07701
732-936-1010

Ocean County

Himber & Stork
630 W. Lacey Road
Forked River, NJ 08731
609-971-1884

New York, New York

NY Real Estate Attorney

Martin Shaw, Esq.
Shaw & Bleckner
350 5th Avenue
Suite 1225
New York, NY
Tel. 212.279.4490

NY Closing Attorney

Rachael
Kenneth Schwartz, Esq.
100 Ring Road West
Suite 205
Garden City, New York, 11530
Phone: 516-742-8800

Florida Attorney & Title and Closing Agent

Tamar Shendell
Tamar@shendell-law.com
Shendell & Associates, PA
3650 North Federal Highway
Suite 202
Lighthouse Point, Florida 33064
954-781-3747
Jumbo Loans are mortgages with loan amounts which exceed the current Fannie Mae/Freddie Mac (FNMA/FHLMC) limit. Jumbo loans go to 1 Million Dollars and Super Jumbo loans are above 1 Million Dollars.
Conventional or Conforming loans are called this because the loan amount 'conform' to the maximum loan amounts which may be purchased in the secondary market. The buyer of these loans is the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corp. (FHLMC, or Freddie Mac).
The old rule of thumb that you need to lower your Interest Rate by 2%, is more or less obsolete. For some people as little as a 1/2% drop in thier loan rate would be sufficient. This is a question with no definative answer. It is all relative. Foer some individuals a month savings of $100 is significant others need the savings to be higher. You must ask yourself if the monthly savings is significant to you.
Why should you consider an Interest Only Mortgage Loan? The short answer is the amount of money it will lower your monthly payment. Basically, it is intended to increase your monthly cash flow. Typically, an Interest Only Loan will have a payment about 26.5% less than a fully amortizing mortgage of the same interest rate. Since most Interest Only loans are based upon A.R.M.'s the rates are usually well below a comparable 30 Year Fixed Mortgages further reducing the monthly payment. Some Interest Only mortgages recalculate you monthly payment based upon your outstanding balance. This allows you to have additional principal payments effect your monthly payment immediately. Ask yourself, if only the interest portion of a mortgage payment (principal and interest) is tax deductible why do I want to pay down the principle portion of my mortgage? Amortizing a mortgage will gradually diminish my tax deduction. Could I better invest the principle portion of my mortgage payment? At what rate is my property appreciating? How long will I really live in this home?
 
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