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Economy, IN Mortgage Refinance in Indiana

We make it easy to get the lowest mortgage refinance interest rate in Economy, IN.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Economy, IN 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 Economy, Indiana 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 Economy, IN 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 mortgage refinance in the state of IN

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Economy, Indiana News
Wayne Co. survey: Economy top concern

The need for economic vitality tops of the list of things area residents are most concerned about and want most for Wayne County.


Economy, staff won Obama votes locally

MUNCIE -- For years to come, political historians will be studying how Barack Obama became the first Democratic presidential candidate since Lyndon Johnson in 1964 to win Indiana.


Blackford County candidate profiles

Past experience in public or elected office : Elected recorder in 2004; also served two terms as Blackford County clerk.


Dr. Alfred & Donna Hollenberg 60th Anniversary

Dr. and Mrs. Alfred E. Hollenberg celebrated their 60th wedding anniversary on June 13, 2008.


Gerald 'Gary' Saunders supporters cite reasons for re-election to council

We would like to ask for your support to re-elect Gerald 'Gary' Saunders to the Wayne County Council.


Nettle Creek Lions Club grateful for help that made Jubilee Days a success

The Nettle Creek Lions Club would like to express deep gratitude to the individuals and businesses that made our Jubilee Days events possible and successful.


Out of Our Past: Bird causes downtown power outage

Myra Dennis Halley, a harpist with the Glendale, Ca., Symphony Orchestra, and formerly of Richmond, appeared in a concert at the First Friends Church.


Williamsburg Lions thank everyone who sponsored, participated in car show

The Williamsburg Lions Club would like to thank all the participants and sponsors of their recent car show held during Williamsburg Days on Aug.


Modoc winery, Randolph Co. winemakers drink in state fair success

MODOC, Ind. - One winery and five amateur winemakers from Randolph County earned honors during the Indiana State Fair Indy International Wine Competition.


Pending Services

Dick, Barbara, of Economy, Ind., died July 21. Arrangements will be announced by Culberson Funeral Home, Hagerstown, Ind.


Pending Services

Dick, Barbara, of Economy, Ind., died July 21. Arrangements will be announced by Culberson Funeral Home, Hagerstown, Ind.


Hagerstown grad puts it together for junior golf win

Chad Melton was long overdue a day like this. The recent Hagerstown High School graduate won the 18-year-old division of the Indiana Junior Golf Age Group Championships Thursday at Indiana National Golf Club.


4-H sheep show is a family affair for Economy residents

Bruce Lochotzki of Economy, Ind., made a deal with his city-raised wife when he moved their family to a farm several years ago.


Economy Community Days offers car show, parade

A car show, parade, a breakfast and an ice cream social are the ingredients being mixed together for this year's Economy Community Days on Saturday.


Flooding causes Randolph County to declare a Level 3 advisory

Torrential rains overnight in the Whitewater Valley flooded roads and resulted in nine vehicles and a horse being rescued this morning by the Randolph County's Sheriff's Department.


Letter carriers collecting food for local pantries

As the local coordinator of the National Association of Letter Carriers Food Drive, I would like to announce our participation in the 16th annual NALC Food Drive. via Palladium-Item


Marvel Industries announces Richmond pullout, loss of 140 jobs

"We tried to call them and they did not take our call and they did not call us."

A company consolidation plan led Marvel Industries to announce this afternoon it will leave Richmond and relocate to its company's headquarters in Michigan, taking 140 jobs, including 132 full-time positions, ... via Palladium-Item


Marvel move to cost 140 jobs

"We have not received a voice or e-mail from them"

Local officials said Thursday they were frustrated upon learning from secondhand sources within the company about Marvel Industries' plan to leave Richmond. via Palladium-Item


Couple uses memories to look beyond ashes

"Nobody can take that away. Nobody"

WILLIAMSBURG, Ind. -- Today, Penny Bullock will push around the black ashes that blanket her living room in Williamsburg. via Palladium-Item


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