Bridgeport, CT Mortgage Refinance in Connecticut
We make it easy to get the lowest mortgage refinance interest rate in Bridgeport, CT.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Bridgeport, CT 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 Bridgeport, Connecticut 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 Bridgeport, CT 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.
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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of CT
| Bridgeport, Connecticut News |
Bridgeport presents bold ed plan
Bridgeport school officials won state Board of Education approval Wednesday for a plan to boost student achievement, along with sympathy for the city's fiscal woes after Schools Supt.
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2 injured in Bridgeport crash
Two people were sent to the hospital Tuesday afternoon after a 1996 Volvo collided with a 2007 Chevrolet Silverado at Main Street and Wheeler Avenue.
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Bridgeport cop contract passes by 15 votes
Bridgeport Police Union Local 1159 narrowly ratified a four-year contract Monday that gives no raises for the first two years, but rescinds laying off nine officers.
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Bridgeport school suspensions drop
Under pressure by the state to reduce out-of-school suspensions, city school officials responded by doling out 7,695 out-of-school suspensions in 2007-08, one-third less than the year before.
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Listening as an act of love
After 25 years of marriage, there are still too many stories Gail Ostrow and her husband haven't shared.
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Man charged with Bridgeport holdup
A city man spent Thanksgiving behind bars after police said he robbed a local pharmacy at knifepoint and then fled in a sports utility vehicle that had been carjacked in Shelton.
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Smokeout artists fight the habit
Sergio Escober, 18, of Bridgeport, is congratulated by Maureen Pelletier, of St.
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Bridgeport teen charged in bouncer's shooting
Bridgeport police say a city teenager is charged with shooting a bouncer who refused to let him enter a local club.
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Defendant Loses Bid To Withdraw Guilty Plea
Judge Janet Hall in Bridgeport ruled Wednesday that Corey "Magnificent" Davis of Queens was advised of his rights and entered the plea voluntarily.
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Easton man admits role in mortgage fraud scheme
Fred Stevens, of Sherwood Road, pleaded guilty to one count of bank fraud stemming from his participation in a scheme to defraud IndyMac Bank and other federally insured financial institutions, according to ...
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On Black Friday, a 'National Day of Listening'
After 25 years of marriage, there are still too many stories Gail Ostrow and her husband haven't shared.
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Men charged in motel holdup
Two men were arrested Monday on charges of staging a home invasion at a local motel earlier this month.
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Bridgeport has tentative deal with cop union
City police would forgo raises for two years and lose city vehicles for personal use, but nine jobs slated to get the axe would be saved under a tentative pact between the mayor and police union.
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Family homeless in Stratford fire
A fire tore through the garage of an Oakland Place home Saturday night displacing a family and its dog.
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Geography of Bridgeport
"Geography of Bridgeport." 30 March 2008. HowStuffWorks.com. 20 November 2008. Bridgeport, Connecticut, one of the largest cities in the state.
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Man charged with anthrax threats
A man arrested in Bridgeport this spring has been indicted on charges of mailing hoax anthrax threats to federal agencies while in custody.
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Lawyer: Breathalyzers Are Racist
A lawyer representing a man charged with drunken driving claims Connecticut's breathalyzers discriminate against blacks.
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I-Team Finds Schools' Inspections Outdated
The Channel 3 I-Team has learned that some Connecticut fire marshals do not perform safety inspections of public schools once per year although it's required by the law. I have heard that most cities and towns have a better than 90% noncompliance rate for safety inspections of schools, public buildlings and multi-family houses - which, by law, are required to be inspected once a year. It makes me wonder what Stratford's compliance record is like.
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Father of Shelton developer charged
The father of a developer indicted on charges of bribing an official in Shelton has been charged with participating in a cash structuring conspiracy.
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Man held for Fairfield sex assault
A convicted sex offender, recently released from prison, was arrested Tuesday night and charged in connection with the mid-day assault on a 16-year-old girl last Friday.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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