Upside Down Mortgage

Mortgage Help Nj

Question: Do I have to get my home mortgage from the state where the property located(NJ)? Could I get it from NY?

Hello, I am buying an apartment in Jersey City, NJ, and I would like to get the mortgage from the Bank of America(BOA). Do I have to get the mortgage from the BOA branch located in NJ? or I could get the mortgage from any BOA branch (let's say one in NY)? Is there any difference other than rate? Anything else I should concern about? Thank you very much!

Answer: Hey there - it does not make a difference if they have an office in that state or not. Just make sure the lender has a license to lend in that state and you are good to go! Many large lenders only have a few central offices, but can help you purchase anywhere in the country.

Best of luck!

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