Regency Mortgage is a New Hampshire based company owned by local people committed to New Hampshire, Maine, Massachusetts and Vermont homeowners and home buyers. Great rates and exemplary service are only part of the story. At Regency we take our commitment to our communities seriously.
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It is my personal mission to provide my clients with the most suitable and cost effective residential mortgage products available today. In addition, you can expect to receive professional, courteous service that is both informative and efficient. I will work with you from loan application through closing, and will even remain available to you after your closing.
Your business is important to me and it will never be taken for granted. I am committed to making your home buying experience a pleasant one.
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| Donna Hennessey |
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Thinking About Refinancing? Refinancing your home can be a smart decision, especially when lower interest rates are available. By refinancing, homeowners can often score lower payments, achieve a quicker pay-off, and lock down a lower interest cost. However, before you jump feet first into the refinancing pool, take the following into consideration.Do the math. See how much refinancing costs, then check how much you'd save on monthly payments to figure how long it would take to break even.Check your credit reports at AnnualCreditReport.com and correct any errors.For example: Let's say you have a 30-year, $300,000 mortgage at a 5.5 percent interest rate. Your monthly mortgage payments are $1,703.
If you refinance to a 4 percent rate, with monthly payments of $1,449, you'll save $254 a month. If your refinancing costs $3,000, you can break even in a year.
Or maybe your priority is paying off the mortgage faster. If you have a 30-year, $300,000 mortgage at 5.5 percent, you will pay more than $300,000 in interest over the life of the loan. Refinance into a 15-year loan at 3.5 percent, and your monthly payments will rise to $2,145. But you will pay only $86,000 in interest over the life of the loan.
Please contact me today for a full loan review to determine if you can save by refinancing.Reprinted with permission from RISMedia, publisher of Real Estate magazine. www.rismedia.com
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Regency Mortgage Corporation #1938
Donna Hennessey
Mortgage Planner #161735
603-848-7001
dhennessey@regencymtg.com
Licensed by the New Hampshire Banking Department
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