Relocating: Get my new mortgage here or there?

Q: I am moving to another state and would like to get qualified for a mortgage on a home I will buy in the new state. I will be selling my home in New Jersey.

A: There's no doubt that relocating to a new state can pose challenges. Depending upon where you're going, you might be able to find a lender here in New Jersey who also has operations in the new state (or a lender in the new state with operations in New Jersey) giving you a local office to help manage the process. Failing that, you should look to mortgage lenders in the new state with outlets near to where you are hoping to move, which will give you access to local resources to help you.

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Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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