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Police and Law Enforcement News
Monday, December 8, 2008 3:21 p.m.
When it first came out, there was much
suspicion. A special mortgage just for New Jersey law
enforcement officers?
What about the fees? Other catches? Ahh, better not.
As time passed, officers slowly began
taking a look into this "program."
It is sometimes called the PBA loan
or the PBA mortgage, however, participation is not limited to those
who belong to the
New Jersey
State PBA as the name suggests.
The true name is the PFRS Mortgage.
In order to apply, members must have at least one year in the
New Jersey Police
and Firemen Retirement System, so it is limited to law enforcement
officers from the Garden State.
The rates are almost always well below
the 30-year fixed rate national average.
For more information on the PBA
loan and current rates,
click here.
Police and Law Enforcement News
Friday, June 9, 2006 3:21 p.m.
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