Choosing the right mortgage lender is crucial when purchasing a home in the Upper Valley. Here are several factors to consider when evaluating mortgage lenders: 1 0 Things to Consider in an Upper Valley Mortgage Lender: Interest Rates Compare interest rates from different lenders like Title Mortgage or Legacy Mortgage, both in Hanover, NH to…
Interest rates play a significant role in the mortgage market. Homeowners often opt to refinance their mortgages when interest rates decrease, allowing them to secure lower rates, reduce monthly payments, or shorten the loan term. Conversely, rising interest rates diminish the incentive to refinance. These rates are influenced by broader economic factors such as inflation,…
Private Mortgage Insurance (PMI) is a type of insurance that lenders require from homebuyers who make a down payment of less than 20% of the home’s purchase price. PMI protects the lender in case the borrower defaults on the loan. It does not provide any protection for the homeowner. Here’s 7 Tips on How Private…
Getting pre-approved for a mortgage to buy a house in a town like Hanover, Lebanon, Quechee, or Enfield is an important step in the home buying process as it helps you understand how much you can afford and demonstrates to sellers that you’re a serious buyer. Here’s how to get pre-approved for a mortgage: 10…