Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Andover, NH Mortgage Refinance in New Hampshire

We make it easy to get the lowest mortgage refinance interest rate in Andover, NH.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Andover, NH residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.

When Should I Refinance?

The best time to refinance is when interest rates in Andover, New Hampshire drop below the rate of your current mortgage.  With a lower interest rate, you'll save money on your mortgage payment every month.  Be sure to read our article titled Reasons to Refinance Now.

Turn Your Adjustable Rate into a Fixed Rate

With adjustable rates on the rise Andover, NH residents can benefit greatly from refinancing your home for a low fixed rate.  These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.

Cash-Out Refinancing

Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash.  You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt.  How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.

Eliminate PMI

Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent.  If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.

Save Thousands in Interest

When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years.  Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan.  However, in the long-term you are saving thousands in interest.  And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.

Mortgage Refinance Calculators

Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator 

Refinance Articles

Reasons to Refinance Now
Beat the Subprime Mortgage Crisis 
Return to mortgage refinance in the state of NH

Call for COMPLETE details NOW!

(800) 675-9783

Andover, New Hampshire News
UK Architects lease building on Opera House Square

In the continuing trend of Claremont's downtown revitalization, UK Architects, of Hanover, has signed a lease to rent part of the building at 1 Sullivan St., on Opera House Square, which was once the Fiske ...


Brian H. Shaw

Brian H. Shaw, 60, of Emery Road, died Wednesday, Dec. 17, 2008, at the Franklin Regional Hospital after being stricken ill at home.


PSNH's 95% estimates

PSNH estimated yesterday that 95 percent of its customers in the following communities have had power restored: Allenstown, Andover, Bristol, Contoocook, Danbury, Franklin, Hill, Hopkinton, Laconia, Loudon, New ...


Northeast ice storm leaves 1.25M without power

As it got down into the teens and single digits in New Hampshire, people who lost power from a massive ice storm showed up at some shelters by the dozens.


Andover girl in New Hampshire 'Christmas Carol'

Aliya Druth of Andover will join more than 100 children participating in the Palace Theatre's ninth annual production of Charles Dickens' "A Christmas Carol" in Manchester, N.H. Many of the children will play ...


David W. Huntoon

David W. Huntoon, 78, of 682 Franklin Highway, died Monday, Nov. 10, 2008, at Dartmouth-Hitchcock Medical Center in Lebanon after a brief illness.


Veterans Day: Remembering, giving thanks

If last Tuesday was a day for registering discontent, today is a day for unity and gratitude.


New London

In a typical winter, George Souliotis burns about a cord of wood. This winter, with oil and propane coming off of record prices, he's bought three cords.


Eva Loosigian

Eva Loosigian, 94, died peacefully in her sleep Saturday, Oct. 25, 2008, at Wingate Nursing Home in Andover.


Gas prices sliding in Granite State

Gas prices are still falling in New Hampshire, with the average price of a gallon of unleaded gasoline now below $3. The state average is $2.92, down from a record high of $4.05 in July, but still nearly 20 ...


Gas Prices Continue Slide In NH

Gas prices are still falling in New Hampshire, with the average price of a gallon of unleaded gasoline now below $3. The state average is $2.92, down from a record high of $4.05 in July, but still nearly 20 ...


Police Logs

The following item was recorded in the Newburyport police log: Walter Thompson, 25, 2720 Middle River Drive, Fort Lauderdale, Fla., was issued a summons yesterday at 1:53 a.m. for driving without a license, ...


Prisoner Found Dead In Merrimack County Jail

Authorities are investigating the death of a prisoner who was found dead in his cell at the Merrimack County Jail in Boscawen.


Danbury

When Susan Langill and Alex Graf met for the first time recently at a store in Danbury, they realized they have similar political ideals.


Three names to be added to GWOT memorial

The monument was unveiled on Sept. 11, 2006, on the fifth anniversary of the 9/11 attacks.


War on Terrorism: Memorial honors three from N.H. who gave their all

Three Granite Staters who lost their lives fighting in the war on terror since Sept.


Their 'Champion' folds

Jeff Miller, the voice of sports in the Lake Sunapee region for the past 15 years, said he'd lock up on the way out.


A dream come true Children's Museum grand opening July 26

Mike Ross/Chief photographer Artitst Karen Busch Holman of East Andover, N.H., puts some finishing strokes to a mural in the Primary Place and Early Learning Landscape at the new Children's Museum on New ...


I-89 crash results in fatality

On friday, July 18 at approximately 4:25 p.m. the New Hampshire State Police Troop-D Concord responded to a motor vehicle accident involving a pedestrian on Interstate 89 in New London that resulted in one ...


Man killed after he walks into I-89 traffic

An Andover man, distraught over his divorce and ongoing child custody issues, was killed yesterday when he intentionally walked into the path of a commercial truck on Interstate 89 in New London, state police ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
© 2006 Somerset Investors Corp. All rights reserved.
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)