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Andover, MA Mortgage Refinance in Massachusetts
We make it easy to get the lowest mortgage refinance interest rate in Andover, MA.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Andover, MA 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 Andover, Massachusetts 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 Andover, MA 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 MA
| Andover, Massachusetts News |
Andover DPW director asks for $250,000 sewer flusher truck
A $250,000 sewer flusher truck may be coming to a manhole near you. For three years, Andover public works Director Jack Petkus has lobbied the town to purchase the maintenance vehicle, which uses pressurized ...
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Andover trio stars in Lawrence Academy play
Caron, Leed, O'Connor take the stage in 'The Visit' Andover students Tim Caron, Bernie Leed and Jen O'Connor appeared this month in Lawrence Academy's presentation of Friedrich Durrenmatt's "The Visit." The ...
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Andover woman convicted of faking asbestos training
Federal prosecutors say hundreds of immigrant workers were sent on asbestos removal jobs without required training by a Massachusetts woman convicted of falsifying their records.
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New faces behind the shields
Sworn into the Andover Police Department on Oct. 29: Patrol Officer Matthew Hughes, graduated Lowell Police Academy Oct.
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Replacing Bancroft School: Combining schools, moving Bancroft, swapping land all discussed
If you have strong feelings about what Andover should do about the structurally challenged Bancroft Elementary School, the School Building Committee wants to hear them.
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Andover selectmen hear arguments from home, business owners over taxes
Homeowners and members of the business community each argued against an increased tax burden last night at the Board of Selectmen's annual tax classification hearing.
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The town at their fingertips: Town manager visits Sanborn to show kids town Web site
Town Manager Buzz Stapczynski visited the Sanborn Elementary School technology lab to introduce the children to the town of Andover's Web site last Thursday, Nov.
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Employee, two others charged in grocery store robbery
Police say a robbery at Market Basket yesterday turned out to be an inside job involving the store employee who made the 911 call to report the heist.
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Former Phillips student named king of Bhutan
Where in the world is Bhutan? Bhutan is a tiny, remote and impoverished country surrounded by China, India, Bangladesh and Nepal.
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A middle school fair to remember
Shoppers at next week's holiday craft fair at Doherty Middle School might have the song "It's Beginning to Look a Lot Like Christmas" running through their minds, as they peruse 20 booths of crafts, holiday ...
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Web Extra: Q and a with rising Andover rocker Martin Johnson
The Andover Townsman caught up with Martin Johnson, frontman for the band Boys Like Girls, for a Q+A: What would you be doing right now, if you weren't in Boys Like Girls? Either being on a street corner ...
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Web Extra: Selectmen coverage: Plan for projects smallest in 10 years, more
Billerica power plant update Tom Carbone, Andover's director of public health, gave an update on the Billerica Energy Center, a proposed natural gas-burning power plant to be built on the Billerica/Tewksbury ...
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a Taste of Success: Attendees enjoy new location of Taste of the Andovers
If this were a restaurant review, five stars would go all around. Nibblers at the Taste of the Andovers seemed thrilled with the new location, the bigger sitting area, the ample parking and, of course, the ...
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'Think globally, sing locally': Church coffee house to benefit the Samaritan Teen Line
The Ballard Vale United Church will present "Think Globally, Sing Locally," a coffeehouse, on Saturday, Nov.
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Warm reception: Walk raises money to heat homes
Walkers of all ages rounded the track at Doherty Middle School on Sunday, Nov. 2, for the "Move Your Feet to Turn on the Heat" walk-a-thon. The event, organized by the social action committee at Temple Emanuel, ...
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School Lunch menus
Here's what's for lunch in the Andover public schools next week, Nov. 10-14: Elementary schools Monday: Breakfast egg-and-sausage burrito, french toast with syrup, bagel and yogurt, red bliss home fries, ...
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Lest We Forget: A look at Nov. 11, 1918 and the 89 years of Andover Veterans Day traditions
At exactly the 11th hour on the 11th day of the 11th month an armistice was signed in 1918, marking the end of World War I. The news reached Andover at 3:50 a.m. and before daylight, a spontaneous celebration ...
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More on Election: L'Italien defeats Brennan in 18th Essex district
Andover's precincts 1, 7 and 8 helped re-elect Barbara L'Italien for state representative of the 18th Essex district, a gerrymandered district that stretches across parts of six towns.
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Lawrence fire claims beloved Andover bagger, mom: Andover dispatchers start fund
Last weekend started out as a typical one for 20-year-old Sean Cahalane. On Saturday, Nov.
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More on Election: Andover students choose Obama in mock elections
Several schools around town staged mock elections, as an exercise for students to learn about candidates and the electoral process.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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