Cornerstone Capital has over 15 years of experience helping new homeowners apply and obtain a mortgage in New Jersey. We strive to make the process of applying for a mortgage as easy as possible by taking the time to thoroughly explain all the steps and requirements needed for any purchase or refinance mortgage.
Our central New Jersey location in River Edge makes working with Cornerstone Capital a simple choice. Mortgage Broker vs. Direct Lender: Finding the Right Loan Partner for You If you're in the process of buying a property, you might consider consulting either. Deciding to purchase a home is an exciting time.
Our central New Jersey location in River Edge makes working with Cornerstone Capital a simple choice. Mortgage Broker vs. Direct Lender: Finding the Right Loan Partner for You If you're in the process of buying a property, you might consider consulting either. Deciding to purchase a home is an exciting time.
Services
At Cornerstone Capital, we strive to make the mortgage process for new home buyers in NJ as pleasant, positive, and transparent as possible. We feel that communication is the key and make sure that our clients are informed at every step of the mortgage process.
We have deep ties to the River Edge community as well as the surrounding Bergen County areas (Paramus, Hackensack, Oradell, Teaneck, Ridgewood and Wyckoff), and our reputation among our friends and neighbors, as well as with the larger mortgage and banking community, is vital to the success and growth of our brand.We are here to help, inform, and advise; earning your trust and respect is our primary goal with every interaction.
We have deep ties to the River Edge community as well as the surrounding Bergen County areas (Paramus, Hackensack, Oradell, Teaneck, Ridgewood and Wyckoff), and our reputation among our friends and neighbors, as well as with the larger mortgage and banking community, is vital to the success and growth of our brand.We are here to help, inform, and advise; earning your trust and respect is our primary goal with every interaction.
Conforming loans are typically loans that are underwritten to either Fannie Mae or Freddie Mac guidelines. Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are classified as 'GSE's' (Government Sponsored Enterprises). They were created to purchase long-term mortgages to enable private lenders to lend more mortgage money into the general marketplace.
A conventional loan is defined as any loan that is not guaranteed or sponsored by a Federal Government agency; ie FHA, VA, and USDA loans are NOT conventional. All conforming (Fannie Mae and Freddie Mac) loans are conventional, but not all conventional loans (portfoilio, private lender niche loans, etc) are conforming.
Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice.
With a fixed rate mortgage, the interest rate does not change for the term of the loan; the monthly payment is always the same. Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term. In the early amortization period of the mortgage, a large percentage of the monthly payment pays the interest on the loan.
Reviews (8)
Daphne Turner
Dec 28, 2021
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Dimitar Gligorov
Dec 07, 2021
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Patty Hosmer
Nov 24, 2021
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Clint Rico
Mar 01, 2021
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Sadrmp
Feb 23, 2021
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Positive: Professionalism, Quality, Responsiveness, Value
Above and beyond service! Prompt replies to emails and phone calls and always keeping you informed. Kevin, Stephanie and Greg all work extremely hard to service your loan and are extremely knowledgeable about the whole process. I am very thankful to have done business with Cornerstone!
Above and beyond service! Prompt replies to emails and phone calls and always keeping you informed. Kevin, Stephanie and Greg all work extremely hard to service your loan and are extremely knowledgeable about the whole process. I am very thankful to have done business with Cornerstone!
Maranda Ashkar
Aug 08, 2020
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Ron Koshy
Jun 29, 2020
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I can't say enough great things about Kevin Shanman and his team at Cornerstone Capital. Kevin is helpful, knowledgeable, competitive, extremely responsive, and will make sure you close. He and his team helped me get a mortgage with an extremely low interest rate, and he helped me refinance my property later on. The greatest thing about Kevin: He delivers. He says he will do it, he does it, and he makes it happen.
Kevin is a mortgage broker. He works with many different lenders to see which loans you qualify for, and he finds which one is the best for you. He runs yours numbers (and he actually
Kevin is a mortgage broker. He works with many different lenders to see which loans you qualify for, and he finds which one is the best for you. He runs yours numbers (and he actually
The Mental Edge Llc
Nov 02, 2014
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Kevin S. is a great loan officer and owner of this company. The knowledge that he has regarding the products and what is the right fit for his clients is refreshing, He doesn't try to push you into anything that you are not comfortable with and I really appreciated that. I would highly recommend Kevin any day! Thanks again Kevin!
