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Old Lyme, CT Mortgage Refinance in Connecticut
We make it easy to get the lowest mortgage refinance interest rate in Old Lyme, CT.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Old Lyme, 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 Old Lyme, 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 Old Lyme, 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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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 mortgage refinance in the state of CT
| Old Lyme, Connecticut News |
Millstone Critic Seeks To Expand Permit Issues
Nancy Burton sought Monday to expand the number of health issues to be considered as the state weighs a water-discharge permit for the Millstone nuclear power plants in Waterford.
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Drive On In Old Saybrook To Make Cycling Safer
Though Connolly wasn't seriously hurt, the incident left her with a lasting thought.
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Sunday's Scores
UMass-Dartmouth 66, Coast Guard 44. College women UConn 82, Georgia Tech 71 FOOTBALL High School Windham 60, Bacon Academy 39 SOCCER College men ECAC New England Div.
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Old Lyme couple celebrates new family addition
Six-month-old Jonathan Farrell gets a kiss from his mother Elizabeth Farrell of Old Lyme, as her husband Bill , center, and Bill's father William watch after Jonathan's adoption was finalized at the Probate ...
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American Impressionism -the Lieutenant River, Old
It was home to such artists as Willard Metcalf, Childe Hassam and J. Alden Weir.
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Baker gains police union endorsement
Eileen Baker, Democratic candidate for the House of Representatives in the 23rd district, has received the endorsement of the Connecticut Council of Police Unions, AFSMECE, Council 15, AFL-CIO. The 23rd ...
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Watch Rock Preserve In Old Lyme Is a 25-Acre Gem
Walking along the craggy shoreline of the Elizabeth B. Karter Watch Rock Preserve in Old Lyme is a lot like using a View-Master. Don't like the view of an expansive marsh and historic railroad bridge across the ...
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Estuary Transit to make cuts in service
Due to recent lawsuits against the Estuary Transit District, the organization could be making cuts to its service in order to balance its budget deficit.
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Congressional candidates debate issues at Old Lyme school
LYME/OLD LYME - United States Congressional hopefuls met last Wednesday night to debate the issues at Lyme-Old Lyme Middle School.
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Old Lyme Family Goes Geothermal
Want to save money on heating your home? Try going geothermal. An Old Lyme family has found a way to harness geothermal energy and save money on heating its home in the winter and cooling it in the summer.
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It Isn't Easy Building Green, But It Doesn't Have To Be Ugly
A new 5,500- square-foot home with amazing views of the waters off Masons Island, Conn., may appear at first blush to be another hangover from an era of excess.
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Old Lyme Man Killed When Car Crashes, Rolls on Interstate
An Old Lyme man was killed Saturday afternoon when he lost control of his car while traveling on Interstate 95.
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Old Lyme Man Dies In Crash
An Old Lyme man died Saturday afternoon when his motorcycle veered off I-95 south in North Stonington, flipping several times and throwing him into the median, police said.
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Giuliano in the 23rd
Voters in the 23rd District, which spans the Connecticut River and includes the towns of Lyme, Old Lyme, Old Saybrook and Westbrook, will choose on Election Day between two well-qualified candidates with ...
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Sinister Lane
Shades of Death Road, Warren County, N.J. Psycho Path, Traverse City, Mich. - RICK KOSTER It's Halloween.
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Old Lyme man convicted on sex charges
A New Haven judge has found 40-year-old Gerald W. Elliot of Old Lyme guilty of sending sexually explicit images and messages over the Internet in an attempt to arrange a meeting with a 14-year-old girl.
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Warm the Children needed more than ever
As we kick off the 16th Warm the Children campaign this fall, we find ourselves faced with unique economic conditions, and unfortunately, we don't mean "unique" in a positive way.
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Estuary transit asks for $50K
Kim Morgan, the interim Executive Director of the ETD attended a meeting of the Old Lyme Board of Finance last week and requested their share of a maximum of $50,000 from the 9 towns.
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1.0 Scale of 1 to 10Read: 16Propped: 9Comments: 0Click Prop It to Raise Score
Posted By Burento 11 hours, 7 minutes ago in Science & Technology 1.0 Scale of 1 to 10 Read: 16 Propped: 9 Prop it Lyme disease entered American consciousness in 1975, when a cluster of cases turned up around ...
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School board seat to be filled at town meeting
The special town meeting Monday to replace school board member Andrea Fenton could get a little busy.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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