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Tri State Mortgage Consultants, LLC | Ron Nippe, Sr. Lender
Lender to the Stars of Southern NH, Lakes Region, Florida Real Estate & Our Mutual Clients! It is My Personal Goal to be Worthy of your Trust, and Deserving of your Referrals!
Offices: Manchester, NH
Phone: 603.685.2800 X 2835 | Cell: 603.315.9450
Email: Ron Nippe
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Home equity loans

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Do you need to tap into your home’s equity to pay for a home remodeling project or to pay off a credit card? A home equity loan is a fixed or adjustable rate loan that is secured by the equity in your home. With a home equity loan, you borrow a lump sum of money to be paid back monthly over a set time frame, much like your first mortgage. The terms home equity loan and second mortgage are often used interchangeably.
 

The process for a home equity loan is similar to your first mortgage. The closing costs (often 2-3 percent of the loan amount) are usually lower and, although the interest rate is higher on a home equity loan, the interest paid is tax deductible.


To qualify for second mortgage, your credit must be in good standing and you must be able to document your income. An appraisal will be required on your home to determine the home's market value.

 

 

 

 


 

Licensed by the State of NH Banking Dept.
Tri-State Mortgage Consultants, LLC
254A North Broadway Suite 202 Salem, NH 03079

Phone: (603)685 2800 ext. 2835 Fax: (603) 218-6089
Email: Ron Nippe

 

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