Severna Park, MD Mortgage Refinance in Maryland
We make it easy to get the lowest mortgage refinance interest rate in Severna Park, MD.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Severna Park, 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 Severna Park, 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 Severna Park, 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
| Severna Park, Maryland News |
Our Shepherd Lutheran notes 'golden' anniversary
The slogan on the front page of Our Shepherd Lutheran Church's 50th anniversary calendar is "2008, our golden year." Beneath it, a quartet of photos illustrate the congregation's journey from a "small group ...
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Church school hearing also before council tomorrow
County Council chambers should be packed tomorrow evening as the panel hears public testimony on a controversial bill to allow construction of a church school in south county.
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A grand time for grocery shoppers
Filling the fridge and cupboard with food has never cost more. And with the dour economy, several grocery chains are pulling out all the stops to steer customers back into their stores and away from the ...
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Backyard surprise Black widow startles Severna Park family
Jason Drecchio found something he wasn't expecting while doing yard work recently: a black widow spider.
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Eric Hartley: Section 60, where pain doesn't fade
Gina Barnhurst was sitting in front of her son's grave at Arlington National Cemetery, as she does almost every Sunday, when a burly man in a leather Harley Davidson jacket walked up.
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Group gives van to soldier who lost legs, arm in Iraq
Like thousands of other families, Sgt. David Battle and his family have given up a lot since he joined the Army in 2004.
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Our Bay: Rain barrel resources
Rain barrels are becoming more popular and are easier to find. There are a variety of styles and prices available.
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Colorful wooden trees decorate Park Plaza
Art pieces in the form of painted trees have been sprouting up in the parking lot at Park Plaza on Route 2 in Severna Park.
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Around the Park: Fifth-grader spends day as principal
Shipley's Choice Elementary School had a new principal yesterday - for the day. He came dressed for success and ready for business, with a fresh haircut, and wearing a striped tie, blue oxford shirt and khaki ...
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Woman guilty of leaving baby in hot SUV
The toddler was crying and sweating profusely while locked in the back of a hot Chevrolet Suburban.
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County Council hikes impact fees, finally
The County Council passed a historic hike in impact fees Monday night, ending 10 months of debate on whether to make developers pay a larger share for the expansion of schools, roads and public safety ...
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Slot Machines, Early Voting Approved In Maryland
Maryland voters approved legalizing slot machines Tuesday in a constitutional amendment, paving the way for up to 15,000 machines in five locations and ending years of debate between lawmakers who never managed ...
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Pentagon Duty: Retired officer indicted over 9/11 injury funds
A Navy commander from Anne Arundel County has been indicted on charges that he defrauded a fund that provides money to victims of the Sept.
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MyTime: SPUMC Women provide school supplies
This summer the United Methodist Women of Severna Park United Methodist Church provided backpacks for 63 children at Glendale Elementary School in Glen Burnie.
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Races in 1st and 5th districts very different
The races for the 1st and 5th Congressional Districts are a clear study in contrasts.
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Around the Park: Ben Oaks kids create art for ALS
The Hackett family of Ben Oaks are troopers in the fight to find a cure for amyotrophic lateral sclerosis or ALS, the incurable disease that took the life of baseball great Lou Gehrig in 1941.
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County students 'rock' new grad test: Anne Arundel bests statewide pass rates
Less than 9 percent of county 12th-graders still have to complete a new testing requirement to graduate in June.
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The hit list
Fall Fest returns to Marley Station in Glen Burnie today at 4 p.m. The free event includes children's crafts, games, a moon bounce, face painting, a pumpkin patch, scarecrow making and prizes.
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Around Crofton: Waugh Chapel restaurant marks seven-year anniversary with fall festival
Residents of all ages enjoyed the sidewalk chalk-art contest, bobbing for apples and facepainting at a celebration held in honor of the Waugh Chapel Chick-fil-A's seven-year anniversary.
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Around the Park: Scout helps beautify grounds of Woods Church, earns Eagle badge
Luke Minnick, 17, began his Boy Scout career while a fifth-grader at Folger McKinsey Elementary School.
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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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