Portland, CT Mortgage Refinance in Connecticut
We make it easy to get the lowest mortgage refinance interest rate in Portland, CT.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Portland, 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 Portland, 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 Portland, 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
| Portland, Connecticut News |
Articles By Readers
Submitted by Web Host Melissa Pionzio on 11-24-2008. Members of Cub Scout Pack 15 will host its 10th annual Breakfast with Santa on Nov.
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Hearing the sounds of the season
With her fingers tapping to the rhythm, Maryellen Pugliese listened to the sound of music for the first time in years.
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Portland police say burglaries have changed
One thing appears to be fuelling the recent rash of residential burglaries, police say: drugs - specifically heroin.
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Residents: 'Just Say No' To Propane Tanks
'Just say no' is the cry of some residents in Portland who are upset about the possibility of building a propane storage unit in town.
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Police charge area pair with Haddam doughnut shop heists
Two men were arrested early Thursday morning after a burglary at the Dunkin' Donuts on Saybrook Road.
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Portland propane facility proposal under fire
More than 200 residents crowded into the high school/middle school auditorium Thursday night to oppose a proposal for a propane gas storage facility.
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Propane Storage Plan In Portland To Get Outside Review
More than 150 people attended the first public hearing on a plan by Gospel Lane Properties LLC to build a bulk propane and storage facility on property between Gospel Lane and William Street Extension.
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Portland PZC hearing tonight
The Planning and Zoning Commission is facing a potentially explosive issue this evening.
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Proposed Propane Storage Facility Worries Portland Residents
The planning and zoning commission will hold a public hearing Thursday on a proposal by Gospel Lane Properties LLC to build a bulk propane and storage facility on property between Gospel Lane and William Street ...
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Portland residents, officials, veterans gather at memorial
More than two dozen residents, town officials and veterans assembled at the Veterans Memorial at Town Hall Tuesday morning to mark Veterans Day.
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Daily keeps seat in 33rd District race
Eileen Daly staved off a determined challenger Tuesday to retain the 33rd District State Senate seat.
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High school students rock the vote in Portland
Barack Obama had his campaign, and John McCain had his. And Michelle Stotler had her campaign, too.
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Man delves into history of Civilian Conservation Corps
From the height of the Great Depression to the start of World War II thousands of young men earned a living in the Civilian Conservation Corps.
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20 fair-ribbon winner, 85, touts - getting back to land'
As an octogenarian, Ruth Ciucias remains a big-ribbon winner after decades of entering items into local agricultural fairs.
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Portland police devise traffic pattern to ease voting congestion
With interest in - and registration for - today's election surging, police have come up with a new traffic pattern for the public library in an effort to ease congestion.
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Portland Students Take Part in Voting Process: Melissa Pionzio | Greater Middletown / Shoreline
Portland students showed lots of interest in this year's election. These are some of the many posters that lined the school's main coridoor over the last few weeks, to encourage the student body to participate ...
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Challenger looks to shake up 33rd Senate District race
"I'm a good loser - but a better winner," Vin Pacileo explains. Now all the 52-year-old Essex resident has to do is convince the voters of the 33rd Senate District to let them show his better side.
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Portland firefighters to christen new truck
Firefighters will gather this afternoon to put into service a new ladder truck during a traditional "wet down" ceremony.
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Cops credit cooperation between towns as key to busting burglars
Close cooperation between Portland and East Hampton police apparently paid off in identifying suspects in a recent string of burglaries.
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Air quality concern in Middletown fire house
Air quality concerns inside a Middletown fire house force the evacuations of dozens of dispatchers.
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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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