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Monroe, ME Mortgage Refinance in Maine
We make it easy to get the lowest mortgage refinance interest rate in Monroe, ME.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Monroe, 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 Monroe, 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 Monroe, 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
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 ME
| Monroe, Maine News |
Police charge man with running illegal used car lot
Police charge man with running illegal used car lot Belfast police and Bureau of Motor Vehicles investigators executed a search warrant at this Main Street apartment house Wednesday in search of evidence of ...
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Police caution drivers: deer on the move
BELFAST : Police are urging motorists to be cautious and watch for deer along roadsides.
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Waldo County divorces
BELFAST : The following divorces were granted during September and October, 2008, on the grounds of irreconcilable marital differences, at Belfast District Court: Edwin O. Lahikainen, of Monroe, and Marelene P. ...
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Lots of fiddlin' around Saturday at Blue Goose
NORTHPORT : The fifth annual Waldo County Fiddlers' Showcase and Contradance with Chrissy Fowler and Friends was a rousing, clapping, foot-stomping good time Saturday, Nov.
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District 42: Thibodeau retains seat, tips Yentes
Rep. Mike Thibodeau, R-Winterport Yentes had won the five other towns in District 42 a ' Brooks, Jackson, his hometown of Monroe, Swanville and Waldo.
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Waldoboro shop becomes national puzzle destination
WALDOBORO : Bob Havenstein, owner of I'm Puzzled in Waldoboro, has a guest book signed by puzzle lovers from all over the country.
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Waldo County deed transfers
BELFAST : The following deed transfers were recorded Oct. 24-28, 2008, at the Waldo County Registry of Deeds: Belfast Mabel E. Knowlton Trust to Anne C. Hormel.
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Holiday craft fair in East Union
The seventh annual holiday craft fair formerly at the Crockett House in West Rockport has moved to a new location.
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Shorey sounds off on county budget, benefits
SEARSPORT : Bill Shorey believes his background in business can help him find ways to trim the county budget and ease the financial burden on taxpayers.
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Waldo County deed transfers
BELFAST : The following deed transfers were recorded Oct. 13-17, 2008, at the Waldo County Registry of Deeds: Belfast Jean M. Evans to Jean M. Evans Revocable Trust.
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Media meet at Art Space Gallery
ROCKLAND : The fall season at Art Space Gallery showcases three artists who work in three different media.
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Waldo County deed transfers
BELFAST : The following deed transfers were recorded Oct. 6-10, 2008, at the Waldo County Registry of Deeds: Belfast Maine School Administrative District No.
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Belfast men busted in Monroe, Jackson break-ins
BELFAST : Police arrested two Belfast men Thursday morning, Oct. 9, in connection with recent burglaries in Jackson and Monroe.
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TRIAD sponsors new programs for seniors
BELFAST : Waldo County TRIAD is expanding its programs for senior citizens this fall.
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Waldo County deed transfers
BELFAST : The following deed transfers were recorded Sept. 22- 26, 2008, at the Waldo County Registry of Deeds: Belfast Wanda J. Martin to James J. Martin II.
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Searsport man sentenced for assaulting deputies:
"Allan Meltzer, the world's foremost authority on the fed has said that to do nothing made the most " Selling a bailout "The police need to keep more patrols on Union street try doing the speed limit and have ...
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Bangor, Maine Wvii Abc 7 and WFVX Fox 22
One man is dead and three others injured after a pickup crash in the town of Monroe.
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Moody sentenced to nine years for assaulting officers
BELFAST : A Searsport man guilty of assaulting two Waldo County Sheriff's Department law enforcement officials was sentenced Thursday, Sept.
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Speed a factor in fatal crash
Speed a factor in fatal crash Driver of truck lost his license 6 times MONROE, Maine - ' A Medway man with a history of speeding violations was behind the wheel Monday night when his company truck went off the ...
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Monroe fatal
MONROE : NEWS RELEASE FROM THE MAINE DEPARTMENT OF PUBLIC SAFETY from Spokesman Steve McCausland: State Police say speed is a likely factor in a fatal crash in Monroe Monday night that killed one man and ...
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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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