Acton, ME Mortgage Refinance in Maine
We make it easy to get the lowest mortgage refinance interest rate in Acton, ME.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Acton, ME 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 Acton, Maine 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 Acton, ME 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.
" Traditional banks make their customer fit the loan; at Somerset Mortgage Lenders we make our loan fit the customer. "
Return to mortgage refinance in the state of ME
| Acton, Maine News |
Lebanon man dies in Acton crash
ACTON : A Lebanon man died Sunday night after he was ejected from his vehicle, which rolled over at least three times on Milton Mills Road in Acton, according to Lt.
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Carnival worker charged with rape
A man employed by a Seabrook-based carnival has been charged with raping two girls in Marshfield over the weekend.
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Back-to-school tax holiday lacking panel support
Twenty states have a "sales tax holiday" during the summer months to help ease the burden of families buying back-to-school clothes and supplies, but similar proposals have not made it out of committee in ...
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Road Closures
People who live on the roads below are under a boil water alert: York County Kennebec Drive in Lebanon Milton Mills Road in Acton has been reduced to one lane.
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Lebanon Area Of York County Hit By Flooding
Emergency management officials in York County are working with officials in New Hampshire to prevent flooding along the Maine/New Hampshire border.
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Flooding Closes Roads
Police have closed several roads because of flooding. In Brunswick in Cumberland County, police say the intersection of Bunganuc and Highland Road is closed.
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Mother-daughter duo participate in 25th annual Maine Loon Count
ACTON : Everyone who knows Jane Kirton knows she loves loons. [0] "I've always kept track of the amount of loons that we've had on the lake," said Kirton, whose family has a camp on Square Pond, which is ...
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Jeremy J. Chadwick
Jeremy Jones Chadwick, 31, of Kennebunk, died Saturday, July 19, 2008, unexpectedly in a motor vehicle accident.
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Kennebunk Savings has new Springvale staff
SANFORD : With the opening of its latest office in Springvale, Kennebunk Savings also has a new staff on board in its 14th location.
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Acton school budget cuts finalized
ACTON : Acton schools are on dangerous ground, according to Warrant and Finance Committee Vice-Chair David Cote.
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Acton developer proposing pellet plant
ACTON : Pat Hannon, owner of Pit Stop Mobil and Big Daddy's BBQ in Acton, said he wants to be compatible with the community.
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Man Caught In Burglary Attempt At Police Officer's Home
A Maine man is charged with attempting to burglarize a police officer's home in Wakefield, New Hampshire, while the officer was at home.
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Sanford embraces native son Cote at polls
If it were up to voters in Sanford and its neighboring towns, Adam Cote would be the Democratic Party's candidate in the race for Maine's District 1 seat in the U.S. House of Representatives in November.
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Acton Selectman Target Of Protection Order By Clerk
A town clerk in Maine has been granted a temporary protection order against a selectman accused of using abusive and foul language.
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Hearty breakfast being served
ACTON : Acton Town Hall on H Road is the place to be Saturday, June 7, from 8 -10 a.m. for a delicious breakfast prepared by the Acton/Shapleigh Lions Club). For $4 enjoy scrambled eggs, hot fluffy pancakes, ...
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Acton family affected by foster care stipend cuts
ACTON : In Terri Walker-Estes' time as a foster and adoptive parent, she's been generally satisfied with the help she received from the state.
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Lebanon Memorial Day Parade
LEBANON : Post 214, Maine's newest American Legion Post, will host the first official Lebanon Memorial Day Parade at 2 p.m. on May 26.
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High school newspaper award winners
"John had a successful career at Wells High School and it is gratifying to know that he has continued and been extremely successful in his educational endeavors" John A. Kryzak, a 2004 graduate of Wells High School, will graduate as a 2nd Lieutenant from the U.S. Air Force Academy in Colorado Springs, Colo., on May 28. via York Weekly
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First Student employees join Teamsters
"I don't think that has anything to do with it" Employees of the Rochester-based First Student, a school bus transportation company, recently voted to join the Teamsters local union 633. via The Citizen
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'Flag ladies' donate pole for Veterans Cemetery
"This cemetery was established in 2001 and has been underfunded by the state. They needed 26 flagpoles to line the Avenue of Flags, leading to the chapel, so we all decided to pitch in for a good cause." AUGUSTA : Eleven female legislators pooled $850 to buy new flagpoles for a Maine Veterans Memorial Cemetery in Augusta. via Village Soup
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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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