Terms and Conditions

Terms and Conditions

New Jersey Mortgage Disclosures and License Information

Welcome to NewTech Mortgage’s Terms and Conditions page. This page outlines important disclosures and license information specific to mortgage transactions in the state of New Jersey. By accessing our website and utilizing our services, you agree to adhere to the following terms and conditions:

1. Licensing Information:

NewTech Mortgage is a licensed mortgage lender in the state of New Jersey.

Our license information is as follows:
NMLS ID: 2413605

As a licensed lender, we adhere to all state and federal regulations governing mortgage lending practices to ensure the protection of our customers’ interests.

2. Mortgage Disclosures:

a. Truth in Lending Act (TILA): The Truth in Lending Act requires lenders to disclose important terms and costs associated with mortgage loans, including the annual percentage rate (APR), finance charges, and total loan costs. Borrowers will receive a TILA disclosure statement detailing these terms prior to closing.

b. Real Estate Settlement Procedures Act (RESPA): The Real Estate Settlement Procedures Act outlines the rules and procedures governing the mortgage loan settlement process. Borrowers will receive a RESPA disclosure statement, including details on loan terms, closing costs, and escrow requirements, to ensure transparency and fairness in the settlement process.

c. Good Faith Estimate (GFE): Borrowers will receive a Good Faith Estimate disclosing estimated loan terms, closing costs, and other fees associated with the mortgage transaction within three business days of loan application.

d. Closing Disclosure (CD): Borrowers will receive a Closing Disclosure at least three business days before loan closing, detailing final loan terms, closing costs, and other transaction-specific information. This allows borrowers to review and compare the terms before finalizing the mortgage transaction.

3. Privacy Policy:

NewTech Mortgage is committed to protecting the privacy and confidentiality of our customers’ personal information. Our Privacy Policy outlines how we collect, use, and safeguard customer information in compliance with applicable privacy laws and regulations.

4. Governing Law:

These terms and conditions are governed by the laws of the state of New Jersey. Any disputes arising from or related to the use of our website or services shall be resolved in accordance with New Jersey law.

5. Contact Information:

If you have any questions or concerns regarding our terms and conditions, mortgage disclosures, or licensing information, please contact us at:

NewTech Mortgage
Phone: 908 276 8393
Mobile: 201 463 5636
Email: joel@newtechmortgage.com

By continuing to use our website and services, you acknowledge that you have read, understood, and agreed to the terms and conditions outlined herein.

Thank you for choosing NewTech Mortgage for your mortgage lending needs.