The Realities of Refinancing

We’re often asked by borrowers about refinancing so they can take advantage of today’s low rates, which recently have been 3.25% to 3.5% for fixed 30 year mortgages. Much of the current refinance boom is due to the Federal Government creating programs to help some, but not all, existing homeowners. Unfortunately, the reality is that while refinancing options are available, not everyone can refinance.

To refinance, a borrower must be creditworthy, there must be a loan program to help refinance the loan, and there must be an investor willing to buy the loan.  You can find out more about what is needed to qualify for existing government and private refinancing programs here. You can also visit to see the refinancing tools available from New Hampshire Housing and to see a list of our participating lenders.

If your mortgage payment has become a financial burden and you are unable to refinance, we encourage you to visit It provides resources and steps you can take to prevent foreclosure on your home.

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