The Carroll Realty Group - KELLER WILLIAMS REALTY / Metropolitan
The Carroll Realty Group - KELLER WILLIAMS REALTY / Metropolitan

Stephen Carroll Cell: 603-860-0310 | [email protected]
Kris Stone Cell: 603-493-4435 | [email protected]


Posted by The Carroll Realty Group on 5/14/2019

The Mortgage Bankers Association (MBA) refers to mortgage refinancing as a crucial aspect of all mortgages. This is partly because comparatively, low mortgage interest rates have encouraged homeowners to restructure their financial situations using their home equity. Homeowners should base their refinancing decision on their circumstances rather than mortgage interest rates. Here are tips to consider when considering refinancing your mortgage: 

Home Equity

You need to have home equity before you can even consider refinancing your home mortgage. Home values are steadily rising which means that with conventional lenders, you can have enough equity to get a loan. Most lenders will allow a homeowner with at least 20% equity to get credit quickly.

Credit Score 

In recent years, lenders have made the requirement for loan approval stricter. Therefore, some consumers with good credit may not qualify for the lowest interest rates. Typically, the acceptable credit score by most lenders is 760 and above. Borrowers whose credit scores are not up to the satisfactory score may still obtain a new loan but with higher fees or interest rates.

Refinancing Cost

Refinancing costs usually take between three to five percent of the loan amount. Borrowers can look for ways to reduce this cost or incorporate it into the loan. The cost can also be rolled into a new loan if you have enough equity. With some lenders, you are likely to pay an interest rate that is slightly higher to balance the closing cost when you take a loan with them. Make sure that you negotiate and ask several lenders so that you get the best fees for your refinancing loan.

Rates vs. Term 

A borrower needs to have a goal when refinancing to know the exact mortgage product that is most favorable. If all you want is to reduce your monthly payment to the minimum, a loan with a long-term interest rate will be beneficial. If your goal is to pay a reduced interest rate over a short period, you should consider the lowest interest rate in the shortest term. 

Break-Even Point

Before deciding to refinance your mortgage, determine the break-even point. The break-even point is the time at which your monthly savings have covered your refinancing cost. Beyond this point, your monthly savings belong to you. This also means you know how long it will take before your refinancing makes sense if you intend to sell or move from the home in some years.

Mortgage refinancing can be quite confusing, so you need to be sure you completely understand the terms and conditions. Do your research and also speak to a financial planner to give you professional advice.




Categories: Mortgage   refinance   homeowners  


Posted by The Carroll Realty Group on 3/12/2019


58 Rowell Hill, Sutton, NH 03257

Single-Family

$399,900
Price

11
Rooms
3
Beds
2/2
Full/Half Baths
WHAT AN INCREDIBLE VALUE at $399,900!!WELCOME HOME to SUTTON NH !!Seller says "BRING an OFFER, Please"!! This gorgeous 3+ bedroom, 4 bath EXPANSIVE CAPE, sited on 3.2 acres in the Rowell Hill Subdivision, offers OVER 3,400 sq. ft. of living space. The first floor offers a CUSTOM, OPEN CONCEPT eat-kitchen complete with GRANITE countertops, STAINLESS steel appliances, a SIZABLE ISLAND, and CUSTOM CABINETRY. Relax in the LIGHT and BRIGHT living room, complete with a HARMAN PELLET STOVE and custom HEARTH. The FIRST-FLOOR MASTER SUITE is comfortable and spacious. The ENSUITE has a SOAKING TUB and a gorgeous TILE and GLASS SHOWER. HARDWOOD FLOORS through this level. Retreat upstairs to find two GOOD-SIZED sunny bedrooms and a WELL-APPOINTED full bath. The WALK-OUT lower level is FULLY-FINISHED and the perfect place to ENTERTAIN. Cozy up to the FIELDSTONE FIREPLACE, grab a drink at the FULL BAR, or enjoy your favorite game with friends. Horses Welcome TOO!!

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Posted by The Carroll Realty Group on 1/10/2019


58 Rowell Hill Road, Sutton, NH 03257

Single-Family

$399,900
Price

3
Bedrooms
11
Rooms
2/2
Full/Half Baths
JUST REDUCED to $399,900!! Seller says "bring an OFFER"!! WELCOME HOME!! What an AWESOME Value!! This gorgeous 3+ bedroom, 4 bath EXPANSIVE CAPE, sited on 3.2 acres in the Rowell Hill Subdivision, offers OVER 3,400 sq. ft. of living space. The first floor offers a CUSTOM, OPEN CONCEPT eat-kitchen complete with GRANITE countertops, STAINLESS steel appliances, a SIZABLE ISLAND, and CUSTOM CABINETRY. Relax in the LIGHT and BRIGHT living room, complete with a HARMAN PELLET STOVE and custom HEARTH. The FIRST-FLOOR MASTER SUITE is comfortable and spacious. The ENSUITE has a SOAKING TUB and a gorgeous TILE and GLASS SHOWER. HARDWOOD FLOORS through this level. Retreat upstairs to find two GOOD-SIZED sunny bedrooms and a WELL-APPOINTED full bath. The WALK-OUT lower level is FULLY-FINISHED and the perfect place to ENTERTAIN. Cozy up to the FIELDSTONE FIREPLACE, grab a drink at the FULL BAR, or enjoy your favorite game with friends. An additional OFFICE or BEDROOM and half bath complete the space. Step outside and you will find mature apple trees, perennial gardens, and EXPANSIVE lawns. This property also features a PADDOCK and HORSE run-in. Just minutes from the CHARMING town center of New London and less than 2 miles from I-89 for EASY COMMUTING to the Upper Valley, Concord, and Manchester. New London schools too! Add this home to your MUST SEE list today!!
Location: 58 Rowell Hill Road, Sutton, NH 03257 Get Directions







Posted by The Carroll Realty Group on 12/7/2018


174 Morse Road, Manchester, NH 03104

Condo

$185,000
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Dont Miss This One!! Open-Concept TRI-LEVEL TOWNHOUSE sited amongst single-family homes with plenty of OPEN SPACE to enjoy. This property features two NICELY-SIZED bedrooms and a beautifully UPDATED BATH with GRANITE and TILE. The main living space is LIGHT AND BRIGHT with cathedral ceilings, LARGE WINDOWS, and READY FOR NEW OWNERS! The lower level offers a ONE-CAR GARAGE, mudroom, and a large LAUNDRY ROOM with plenty of storage space. Outside you will find a FRESHLY PAINTED deck perfect for entertaining once the weather cooperates. No need to worry about snow removal or grass mowing, the LOW CONDO FEE covers it. NEW ROOF! Great commuter location with EASY ACCESS to 93 and 101. PET FRIENDLY TOO!
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No scheduled Open Houses







Posted by The Carroll Realty Group on 12/3/2018


58 Rowell Hill Road, Sutton, NH 03257

Single-Family

$399,900
Price

3
Bedrooms
11
Rooms
2/2
Full/Half Baths
JUST REDUCED to $399,900!! Seller says "bring an OFFER"!! WELCOME HOME!! What an AWESOME Value!! This gorgeous 3+ bedroom, 4 bath EXPANSIVE CAPE, sited on 3.2 acres in the Rowell Hill Subdivision, offers OVER 3,400 sq. ft. of living space. The first floor offers a CUSTOM, OPEN CONCEPT eat-kitchen complete with GRANITE countertops, STAINLESS steel appliances, a SIZABLE ISLAND, and CUSTOM CABINETRY. Relax in the LIGHT and BRIGHT living room, complete with a HARMAN PELLET STOVE and custom HEARTH. The FIRST-FLOOR MASTER SUITE is comfortable and spacious. The ENSUITE has a SOAKING TUB and a gorgeous TILE and GLASS SHOWER. HARDWOOD FLOORS through this level. Retreat upstairs to find two GOOD-SIZED sunny bedrooms and a WELL-APPOINTED full bath. The WALK-OUT lower level is FULLY-FINISHED and the perfect place to ENTERTAIN. Cozy up to the FIELDSTONE FIREPLACE, grab a drink at the FULL BAR, or enjoy your favorite game with friends. An additional OFFICE or BEDROOM and half bath complete the space. Step outside and you will find mature apple trees, perennial gardens, and EXPANSIVE lawns. This property also features a PADDOCK and HORSE run-in. Just minutes from the CHARMING town center of New London and less than 2 miles from I-89 for EASY COMMUTING to the Upper Valley, Concord, and Manchester. New London schools too! Add this home to your MUST SEE list today!!
Open House
No scheduled Open Houses









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