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Mortgage Refinancing Help
: Regional: North America: United States: New Hampshire: Business and Economy: Financial Services
: Insurance (3)
 It is feasible to go for a refinance when you have built up at least 10% equity in your home (For Fannie Mae owned mortgages, the value is 5%). It is also possible for you to choose the option if your equity is less than 5%, but you may have to pay a certain amount of cash in order to make up for the difference in equity.
 See also:
 New Hampshire Health Plan »
The NHHP is a high risk pool established to provide insurance to NH residents who are declined coverage through the private market. Includes eligibility requirements, policy options, application steps, premium rates, broker information, and how to file a claim.
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 New Hampshire Healthy Kids »
A program that provides access to health care coverage for uninsured NH children. Eligibility requirements, coverage levels and benefits, application form, program progress reports, and donor information.
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 Professional Insurance Agents of New Hampshire »
Provides calendar of meetings and events, information on government and industry affairs, and membership details.
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 If you have equity built up in your home, and you need cash, you have two choices: get a home equity loan or utilize cash-out refinancing. Each has its pros and cons, so be sure to evaluate your situation carefully prior to making a decision.
Start with your current lender. If you're a good customer-you hold a sizable mortgage, pay on time, and maintain good credit-your existing lender will probably do everything in its power to keep your business. The company may cut you a break on fees for things like appraisals, surveys, and inspections if the information is current and you meet other requirements.
Give yourself plenty of time to close. With most refinancings, your file is turned over to a closing or title company, which dictates the closing details. Like the lenders themselves, these firms are swamped when interest rates are low. Moreover, appraisers get backed up and can be difficult to schedule. So don't expect the closing to happen as quickly as anyone promises.
Fees are a hidden cost of many mortgage loans. By law, lenders must disclose fees within three days of a loan application. Fees can go by many names like - document prep fees, courier fees, administrative fees, and more.
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