New Hampshire refinance mortgages

New Hampshire refinance mortgages

A New Hampshire mortgage refinance makes sense in many situations. If you need a lower monthly payment you can consider refinancing into a loan with a lower rate of interest or a longer maturity term. If you need cash to consolidate debt, cover college costs or take on a home improvement project, you can consider what’s called a cash-out refi. That’s where you borrow an amount greater than the current balance on your mortgage. The difference is the amount you may qualify to borrow. If you have equity in your home, this may be an option.