Refinancing
I would like informatoin about refinancing my mortgage.
For information about refinancing your existing mortgage speak with your current mortgage lender or seek out a new qualified lender.
Many times refinancing your existing mortgage and consolidating debt is a great way to lower your expenses. But with the wrong loan, you could end up with a house payment you can't afford and you could lose all of the equity in your home. Refinancing your home loan can be complicated. But it can be explained in a way that you understand. Even if you have credit problems, you need to explore your options. Don't Borrow Trouble.
To find a mortgage lender in your area, you can also visit the Mortgage Bankers and Brokers Association of New Hampshire's website at www.mbba-nh.org. The Mortgage Bankers and Brokers Association of New Hampshire (MBBA-NH) works to encourage sound and ethical business practices among its members. Each member of the MBBA-NH pledges to observe and maintain the following standards of conduct in dealing with the public and with other members.
- Members shall conduct their business in a professional manner, ensuring that their personnel are knowledgeable in the areas of mortgage banking or financing which they participate and are acting in compliance with sound industry practices.
- Members shall act in conformity with applicable laws and regulations and shall cooperate in every appropriate way with all governmental bodies in the interest of establishing and maintaining an efficient and fair framework for mortgage credit.
- Members shall preserve the integrity of all parts of a loan submission and appraisal report and make full disclosure of all pertinent facts including any interest they may have in the loan project or property.
- Members shall not quote to a prospective borrower interest rates or other loan items that are not likely of realization.
- Members shall make all reasonable efforts to process loan applications and advise applicants of approval or disapproval promptly and to close and disburse in a timely manner.
www.dontborrowtroublenh.org