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A Home Loan For You

Whether you are a first time homebuyer or an experienced real estate investor, having a mortgage team you can count on is crucial.

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We embrace technology to make our processes efficient, however the human element of our service is truly what makes our company great. We will never lose sight of that.

Brian Perry

Senior VP | Preferred Lenders

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Welcome to Preferred Lenders

Preferred Mortgage Lenders has over 50 years of combined experience in all aspects of residential mortgage lending. We are a licensed mortgage banker in New Jersey, Pennsylvania, Delaware, Maryland, California, and Florida.

Our independence as a mortgage banker means we can offer rates, terms, and flexibility other lenders can’t. Each client, each day, is a new opportunity to build our reputation and invest our years of expertise by guiding our customers through today’s challenging home financing decisions. Be it a purchase of a home, debt consolidation, refinance, investment, or second home, let us help you with all of your residential financing needs.

Our mission is to serve our customers with honesty, integrity, and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.

Customer Reviews
Start Your Mortgage Journey

Finding a great home loan involves careful consideration of your needs, finances and history. We are here to guide you.

Some Helpful FAQs
What information should I have available when I am ready to apply?

For your initial pre-qualification we’ll ask questions about your income, assets, credit history and employment. In addition, you will be required to pay a minimal fee to cover the cost of your credit report so that we can verify your credit history.

Once you start the application process we’ll need to verify the information you gave us with specific documentation, such as your last two years of income tax returns, bank statements, pay stubs and documents pertaining to other personally owned real estate. You’ll receive notification in writing of required documentation needed to obtain a final approval. In some cases, our Underwriting Department may request additional information.

Do I need to find a home before I apply?

No!  Getting started before you find a home may be the best thing you could do!

If you get started before you have a property to purchase, we can issue a pre-qualification subject to you finding the perfect home, which you can use to assure real estate brokers and sellers that you are a qualified buyer. Getting pre-qualified for a mortgage will even give more weight to any purchase offer you make.

When you find the perfect home, you’ll need to call your Loan Originator and provide your signed purchase agreement to complete your application. You’ll then have an opportunity to lock in our great rates and fees and we’ll complete the processing of your loan.

What are the benefits of owning a house? What are the advantages over renting?

There are many advantages to homeownership:

A sound investment – When you carefully choose a home you can afford, the payoff can be great. As a homeowner, instead of paying rent to a landlord, each month when you make your mortgage payment, you are building equity in a place of your own. The more mortgage payments you make, the more equity you’ll have. And unlike most things you buy, a home can actually appreciate in value as time passes, building more equity.
<ul>
<li>Tax advantages – The mortgage interest and real estate taxes you pay are tax deductible which can reduce your tax bill.</li>
<li>Real estate is marketable.</li>
<li>You can make your own decisions about design and décor.</li>
<li>You can invest in upgrades that will not only bring you pleasure but can also add to the value of the property over time.</li>
<li>You have control over the piece of property. You are not answering to a landlord.</li>
</ul>

I’ve heard about getting a Pre-Qualification, but what’s the advantage if I haven’t even started looking for a house yet?

You wouldn’t go shopping for a new car without knowing how much you can afford. Why would buying a home be any different?

<strong>Pre-Qualification Today = Less Stress House Shopping Tomorrow</strong>

Let’s face it. One of the most stressful things about buying a home is adjusting to your new mortgage payment. Knowing your family’s financial boundaries before shopping for your new home can make the process go much more smoothly.

Your pre-qualification is an essential tool when house shopping, because it…
<ul>
<li>Determines what homes are in your price range</li>
<li>Assures real estate brokers and sellers that you are a qualified buyer</li>
<li>Can be used to your advantage in future negotiations</li>
</ul>

What are your goals? Everyone is unique, request your personalized rates and fees.
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