New Hampshire Mortgage Rates

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About Mortgage Rates in New Hampshire

When searching for the best deal on a mortgage in New Hampshire, from Concord, Dover to Manchester, all home buyers agree that low interest and low monthly payments are the most important aspect to the loan. The area is rapidly growing with around 600,000 housing units that are 69% owner occupied. This means banks are competing for your business and the loan options being offered are endless.

It can be tough determining which loan is best for you, allow Mortgage 101 to help by finding you the home loans that offer everything you are looking for, from low monthly payments to the lowest interest rate, we will find the loan that is perfect for you.

The 5/5 & 5/1 Adjustable Rate Mortgage

This mortgage type offers a stable payment and interest rate for the first five years. In the sixth year the interest rates, and therefore the payments, are adjusted every five years for the 5/5 arm and every year for the 5/1 arm.
Fixed Rate Mortgage

Mortgage Refinancing in New Hampshire

In some instances, refinancing your current mortgage loan can help you lower your mortgage payment. Borrowers can borrow against the equity built up in their home at a lower cost than they can from other sources. Like most mortgage interest, another benefit to mortgage refinancing is that if you pay off credit cards, the interest you pay will now be tax deductible.

Fixed Rate Mortgages

This is your parent's mortgage loan. The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage for the original borrower.

Other Mortgage Terms

Origination Fee - The fee charged by a lender to prepare loan documents make credit checks inspect and sometimes appraise a property; usually computed as a percentage of the face value of the loan.

Mortgage Insurance - Money paid to insure the mortgage when the down payment is less than 20 percent.