Ridgewood Savings Bank (“Ridgewood”) has created a new mortgage product, Good Move Plus, that will be of interest to Brokers, Mortgage Brokers, and Mortgage Bankers, as well as their Realtors, accountants, and financial planner client’s customers. Making this product available for our Broker clients to offer, allows them to compete with lenders offering HomeReady or FHA loans. When comparing these two products to Good Move Plus, it is evident of the many key features of Good Move Plus that benefit a borrower; but also, the concept behind this new and valuable product is to help eligible low-to-moderate-income (LMI) people qualify for a mortgage and provide financial assistance to cover some of the upfront costs. This is especially important for those seeking to purchase or refinance a home now.
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