Find Out How Much You Can Save
Contact us today for a personal savings analysis. This analysis will help you
assess your situation to see if refinancing makes sense for you at this time.
If it does, we'll be happy to discuss our refinance options and help you select
the refinancing that best suits your immediate and long-term goals.Reduce current
monthly payments
In a falling interest rate environment, it's a good idea to reassess your current mortgage to see if you can benefit from refinancing to a lower rate. Often, it's a sound financial choice that may allow you to:
Save money over the life of your loan
Pay off your mortgage faster
Reduce interest rate risk by switching from an adjustable-rate
Eliminate the need for Private Mortgage Insurance
Free up cash for major expenses or to consolidate debts
The chart on the below provides an example of the savings that can be
realized.
Example This example shows a $150,000 30-year fixed rate loan at 8.75% interest
and an Annual Percentage Rate of 8.86%. If this loan were refinanced to a 6.75%
interest rate with an Annual Percentage Rate of 6.85%, this would translate
into $207 less a month on the principal and interest payment.
Old Loan
New Loan
Interest Rate
8.75% / 8.86% APR
6.75% / 6.85% APR
Current Balance
$150,000
$150,000
Payment (Principal+Interest)*
$ 1,180
$973
This example assumes a 20% down payment on the original loan and a 1.0% origination
fee.
Copyright 05/09/08 NH HOME TEAM
Copyright
2008 Northern New England Real Estate Network, Inc. All rights reserved.
This property's agent is from This
information is deemed reliable but not guaranteed. The data relating
to real estate for sale on this web site comes in part from the IDX
Program of NNEREN. Data last updated
Fri May 09 2008
NH HOME
TEAM
53 Bay Street Manchester, NH 03104
1-800-398-3255
In a falling interest rate environment, it's a good idea to 
