Annapolis, MD Mortgage Refinance in Maryland
We make it easy to get the lowest mortgage refinance interest rate in Annapolis, MD.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Annapolis, MD 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 Annapolis, Maryland 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 Annapolis, MD 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 MD
| Annapolis, Maryland News |
Leopold: County not ready for BRAC
County Executive John R. Leopold has joked that BRAC really stands for Better Rely on Assistance from the County, a jibe aimed at state and federal legislators who he said have failed to provide Anne Arundel ...
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Robinwood fire sends 5 to the hospital
A public housing unit was destroyed yesterday morning by a two-alarm fire that tore through the building, city fire officials said.
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Man killed in Bay Ridge area fire
County firefighters battle an early morning blaze on Mace Road in Annapolis Cove.
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County considers allowing hunting at Jug Bay
The booming deer population at a wildlife preserve in Lothian has caused so much damage that Anne Arundel is considering the first program to kill animals on county-owned land.
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Towne Centre 'lifestyle center' officially opens to the public
The vision to transform a blighted area of Anne Arundel County into an upscale, mixed-use development will come to fruition today, with the official opening of the $500 million Annapolis Towne Centre at Parole ...
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Will Laurel Park have competition for slots?
Laurel Park seems destined to get the slot machine license in Anne Arundel County if state residents pass the gambling referendum up for a vote next month.
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Dixon supports slots
Promising that revenue from slots machines would provide a "significant and permanent reduction" in city property taxes, Mayor Sheila Dixon and other local elected officials yesterday urged city residents to ...
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After Dark: Davis Pub, Boatyard top list of must-visit spots for visiting sailors
Every year, around the first of October, downtown Annapolis is overrun with boats, tents and people as the Annapolis Boat Shows come to town.
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United States Sailboat show has something for everyone
Accents from around the world could be heard in Annapolis yesterday, as sailboat buyers - and curious shoppers - crowded into the United States Sailboat Show.
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Our Bay: Chesapeake Bay Foundation has ideas for the next president
No matter who wins the White House this year - Sen. John McCain or Sen. Barack Obama - leaders at the Chesapeake Bay Foundation have plenty of ideas for the next man in charge.
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Museum agreement nearly complete
Officials from The National Sailing Hall of Fame expect to soon secure the final necessary approval it needs to lease state property for their planned $15 million museum and headquarters.
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Sailboat Show: 39th Annual United States Sailboat Show
Sailors from around the world are converging in Annapolis this weekend as the city hosts the 39th annual United States Sailboat Show.
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Frederick forward picks Navy Basketball team
Navy's basketball program picked up a verbal commitment this week from Troy King, a 6-foot-7 forward from St.
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Sketch of Westfield robbery suspect released
County police have released a sketch of the man who assaulted and robbed an elderly woman in a Westfield Annapolis mall parking garage on Sept.
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ACLU urges Oa Malley to let lawyers see spy files
The American Civil Liberties Union of Maryland is asking Gov. Martin O'Malley to require the state police to allow 53 people wrongly described as terrorists in a state police database to bring lawyers with them ...
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50,000 in county had no health insurance
Nearly 50,000 people under the age of 65 living in Anne Arundel County in 2005 did not have health insurance, giving it one of the lowest percentages of uninsured populations in the state, according to new ...
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JFK's yacht for sale at boat show
TOP: President John F. Kennedy aboard Manitou. BOTTOM: Manitou chugs into Annapolis Harbor along the Naval Academy seawall, before docking for the boat show.
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Bill Burton donates his life's work to nature center
As an outdoors writer and editor, Bill Burton's coverage of the Chesapeake Bay has earned him two Pulitzer Prize nominations.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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