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Albuquerque, NM Mortgage Refinance in New Mexico

We make it easy to get the lowest mortgage refinance interest rate in Albuquerque, NM.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Albuquerque, NM 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 Albuquerque, New Mexico 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 Albuquerque, NM 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 bad credit mortgage refinance in the state of NM

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Albuquerque, New Mexico News
Deputies: Gunshot killed man during Texico robbery

A man killed during a robbery attempt in the eastern New Mexico community of Texico died of a single gunshot wound to the torso.


House Democrats Make No Leadership Changes

House Democrats are sticking with their current leadership team and have nominated Ben Lujan to continue as speaker of the House.


7 people ejected from SUV near Socorro, N.M.; 3 killed

State police say three people were killed when the sport utility vehicle they were traveling in blew a tire and crashed on Interstate 25 near Socorro.


Company To Develop Fairgrounds Plan

A consulting company has been chosen to plan the redevelopment of the state fairgrounds in Albuquerque.


NM governor hosts star-studded dinner at mansion

Gov. Bill Richardson hosted a star-studded dinner party last weekend to thank moviemakers and celebrities, including George Clooney, Kevin Spacey and Paul Sorvino, for shooting films in the state.


Two sentenced in death of security guard

A judge has sentenced a 19-year-old to 20 years in prison in last year's beating death of a security guard at an Albuquerque car dealership.


Eclipse files for Chapter 11, seeks sale to its largest shareholders

Published: Wednesday, November 26, 2008 at 6:01 a.m. Last Modified: Tuesday, November 25, 2008 at 11:52 p.m. Eclipse Aviation filed for Chapter 11 bankruptcy protection from creditors Tuesday and is seeking a ...


New chile varieties have more flavor and aroma

This undated photo provided by NMSU Chile Pepper Institute shows the new NuMex Heritage 6-4 chile pepper variety.


Fire Damages Downtown Albuquerque School

A fire damaged a private school in downtown Albuquerque early Tuesday morning. Flames caused serious damage to classrooms at Immanuel Lutheran School near Edith Boulevard and Gold Avenue.


Christmas Tree Permits Available

Outdoors enthusiasts who like to scour the national forests for the perfect Christmas tree can start Monday when two national forests in New Mexico will begin issuing permits.


U.S. federal court refuses to intervene in Guantanamo Khadr case

A federal judge on Monday refused to block the military trial of a Canadian held at Guantanamo Bay and charged with killing a U.S. soldier while still a juvenile.


Longmont Divided Over Allowing Chickens

It's been the cluck heard 'round the nation. It may be close to turkey time, but lately it seems that everyone wants to talk chicken.


George Lopez and Billy Ray Cyrus "Spy" comedy

George Lopez and Billy Ray Cyrus have joined Jackie Chan in "The Spy Next Door," a comedy shooting in Albuquerque, N.M. Chan's character is asked to baby-sit his neighbor's children and winds up having to ...


Police: Slaying Suspect Arrested

One of the suspects in a recent Albuquerque murder has been arrested, police said.


City employee accused of purchasing drugs

An Albuquerque city employee is on administrative leave with no pay after police say he was caught buying marijuana while on the clock.


We seek snitches, Albuquerque police want ad says

Following news that Nebraska's College Savings plan was ranked as one of the worst in the country, State Treasurer Shane Osborn has announced details of a new and improved plan.


Albuquerque student helps bring books to Ethiopia

Photo Credit: AP Photo Tobyn Pulice, a student at Georgia O'Keeffe Elementary School, reads his introduction for Yohannes Gebregeorgis of Ethiopia, who spoke to students during a during a gymnasium assembly at ...


Family Accused In Shoplifting Heist

It was a family outing unlike most: Police said a woman who used to work for the Albuquerque Police Department, along with her son and his wife, tried to shoplift more than $500 worth of clothes Sunday night.


Overnight shootings kill 1, injure 3

Two separate shootings overnight in Albuquerque left one person dead and sent a man and woman to a local hospital.


Chile industry seeks tax incentive for farmers

This Aug. 1, 2008 file photo shows Ricardo Alatriste grabing handfuls of green chili peppers for a customer at the Chile Traditions stand in Albuquerque, N.M. The New Mexico Chile Association is proposing that ...


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