Jay, ME Mortgage Refinance in Maine
We make it easy to get the lowest mortgage refinance interest rate in Jay, ME.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Jay, 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 Jay, 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 Jay, 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.
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Mortgage Refinance Calculators
Mortgage Payment Calculator
Refinance Savings Calculator
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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of ME
| Jay, Maine News |
Workers check out options, resources ahead of shutdown
Wausau Paper mill employee Byron Cook stopped and talked to representatives of different agencies Tuesday who were offering information on resources available to dislocated workers.
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Search is on for biggest Maine trees
Retired forester Fred Huntress Jr. of Poland Spring has a knack for finding really big trees in a state that is 90 percent forested.
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Kennebunkport woman finds dog 17 days after disappearance
This is a story of love lost and found, of a bond so powerful it defies the odds and of friendship forged out of adversity.
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Pedestrian, driver injured in collisions
Two women were injured Tuesday on Route 133 after one vehicle slid off the road and was hit by another, which was hit by another near Beedy Road.
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2 arrested after shots fired in Jay
Police arrested two local men early Friday morning after a report of shots fired near 80 Main St., police Chief Larry White Sr.
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Cruiser, SUV collide; one man arrested
A Livermore Falls police officer was slightly injured after the vehicle he was pursuing in a cruiser made a U-turn and the two vehicles collided Saturday night on Riley Road in Jay.
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View a List of Some Area Events on-Line.
Have activities you'd like our readers to know about? Please contact the news dept.or mail your news release to: The Times Record, P.O. Box 10, Brunswick, ME 04011.
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Panel votes to submit plan
Members of a regional school planning committee voted unanimously Wednesday to submit a plan to form one school district encompassing Jay, Livermore and Livermore Falls.
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Franklin County grand jury indictments
The following people were indicted Wednesday by a Franklin County grand jury. Danielle Adams-Rundlett, 21, Jay, on 13 counts of burglary, 11 counts of theft and three counts of forgery for incidents between Nov ...
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Six decades later, veterans' memories difficult to share
Some heroes remain unsung and prefer it like that. Decorated veterans Francis "Red" Therrien, 85, of Livermore Falls, and Roland Therrien, 81, no relation to Red, and Don LeSuer, 87, both of Jay, experienced ...
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Auditor: Jay is financially healthy
Auditor Ron Smith told selectmen the town is financially healthy but urged them to err on the side of caution in this economy.
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Students, staff collect food
Students and staff at the Jay Elementary School recently collected 18 boxes of nonperishables to give to the Tri-Ministerial Food Cupboard.
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Maine Mill To Shut Down Machine For November
Verso Paper is shutting down one of its four papermaking machines at its mill in Bucksport for the month of November Citing economic conditions, the company said the mill will shut down its No.
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Drug sweep at schools in Jay turns up little
Police, along with a drug-detecting police dog, did a check of the Jay middle and high school parking lots Friday in an ongoing effort to keep the campus drug-free. An illegal substance was detected in one ...
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Police chase steer in 2 towns
No bull: A young steer led police and others on an overnight chase through backyards and into the woods in two towns before it was corralled early Tuesday morning.
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Response team plans help for paper millworkers
A Wausau Paper community response team set several dates Wednesday to provide resource opportunities to Otis Mill workers who will lose their jobs by the end of the year.
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Food to be collected at courthouse
Franklin County commissioners approved a request to put two donation boxes at the courthouse to collect nonperishable food.
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Apple-Pumpkin Fest ready to roll
Apple-Pumpkin Festival organizers are ready this weekend to put on what they hope is the biggest festival yet.
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Man pleads guilty to drug charge
A Jay man pleaded guilty Thursday to a felony charge of unlawful trafficking of marijuana in an agreement that will send him to prison.
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Bangor, Maine Wvii Abc 7 and WFVX Fox 22
Mill workers in Jay learned Friday night hours at the plant are being scaled back.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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