Why Shopping Local Matters When Choosing a Mortgage

This Patch article is sponsored by Amboy Bank.

Thanks to the internet, the ability to compare mortgage rates and costs is easier than ever. With the recent challenges of in-person interactions, promises of all-virtual mortgage applications “within minutes” have become even more popular. For busy homeowners, while convenience is an important consideration, there are many other factors that are often overlooked simply because the information is not adequately communicated during online interactions. Amboy Bank, with branches in Middlesex and Monmouth Counties, takes pride in employing a personal touch while equipping their customers with all the facts so they can be confident in their decisions.

What are the advantages of choosing a local lender such as Amboy Bank?

• Expedited Solutions. The Amboy Bank local team can facilitate a quicker, more personalized process.
• Elevated Customer Experience. Live assistance is always available, and specialists have the ability to address specific questions with in-depth understanding and knowledge. This means customers avoid frustrating automated systems, long holds and multiple call transfers that require you to re-explain yourself over and over.
• Region-Specific Expertise. Being a part of your local community, the Amboy Bank team understands unique, regionally-specific circumstances, allowing nuanced responses to questions, challenges and goals that an overseas or out of state call center operator may not be privy to.
• Service-Motivated. Amboy specialists do not work on commissions, which instead allows them to focus on identifying the most appropriate products and services for specific circumstances. They will never recommend products that we don’t believe will enhance your goals.
• Lifetime Service. Amboy Bank does not sell its loans; that means that access to unparalleled, local Amboy expertise will always be available.
• Technology. Amboy Bank proves that being local does not mean being technology-averse. Amboy Bank offers a streamlined online application process, so that you get the best of both worlds.

Throughout the years, Amboy Bank has introduced ground breaking mortgage products that have allowed customers to save on interest and build savings and equity. One of these products is a bi-weekly mortgage, coined the ½ Pay Mortgage, which Amboy was the first bank In New Jersey to offer. It has since become one of their most popular products, saving thousands in interest for homeowners.

In response to the uncertainty that came with COVID-19, Amboy Bank saw a major vacancy in product offerings that would more directly address potential economic instability. This was accomplished through their unique Interest Saver Plus mortgage, which allows borrowers to make optional pre-payments, a portion of which can be “re-borrowed” when a need arises.

Another popular mortgage product for existing homeowners is their Zero Cost Refi, which has none of the typical upfront fees that most lenders charge. For many homeowners, refinancing into this kind of mortgage makes great financial sense and removes cost barriers.

For more than 133 years, Amboy Bank has always put their customers first by providing impeccable service, giving attention to detail, and offering unique products and services. As a testament, for 23 consecutive years Amboy Bank has been voted “Best Bank” by readers of the Home News Tribune. Amboy Bank operates more than 20 branches in Middlesex and Monmouth Counties and offers access to more than 55,000 ATMs across the U.S.

The community is encouraged to contact Amboy Bank to discuss any mortgage questions at 800-207-0617 or at AmboyBank.com.

Mortgages available for 1-4 family, owner occupied homes with a minimum of $50,000 and a maximum of $625,000 balance. First lien positions only. Approved applicants responsible at closing for funding interim interest and escrow account for property taxes and insurance. Must use Bank-approved title company. Subject to credit approvals and home appraisal. Additional terms and conditions apply. Offer may be withdrawn at any time. Equal Housing Lender. NMLS #418478.