New Gloucester, ME Mortgage Refinance in Maine
We make it easy to get the lowest mortgage refinance interest rate in New Gloucester, ME.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, New Gloucester, 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 New Gloucester, 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 New Gloucester, 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
| New Gloucester, Maine News |
MTA to announce new toll rates
The Maine Turnpike Authority is expected to announce new toll rates Dec. 12, already having narrowed a range of proposals down to three.
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Coffeehouse welcomes folk singer, soloist
On Saturday, Dec. 6, the New Gloucester Village Coffeehouse will feature singer/songwriter Noah Harrison, in the tradition of coffeehouse folk singers, and Lauren Hottinger, an up-and-coming acoustic soloist.
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Hunter Killed By Self-Inflicted Wound
A man from New Gloucester has died after shooting himself while hunting. 55-year old Ernest Russell went out hunting by himself Saturday afternoon.
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3 plans offered for toll hikes
Tolls are going up - that's not negotiable. But the question of who gets squeezed the least is still up for debate.
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Godin named unit manager
Fashion jewelry company lia sophia announces the promotion of Gwen Godin of New Gloucester from adviser to unit manager.
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Garden catalogs are coming early
Paul Rogers Roots of Wisdom Homeowners can assume that several major gardening trends are in operation.
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Lewiston Woman Dies In New Gloucester Crash
State Police said a Lewiston woman has died following a crash in New Gloucester Friday morning.
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Person injured in New Gloucester accident
NEW GLOUCESTER : A person is in critical condition at a Lewiston hospital following a crash this morning on Route 100 in New Gloucester, according to Steve McCausland, spokesman for the Department of Public ...
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Racial slurs on rise
Since the presidential election Nov. 4, the Center for the Prevention of Hate Violence in Portland has received calls from schools about an increase in racial slurs and jokes among students.
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Number of State Election Recounts Down
While Deborah Simpson's political future hung in the balance, she knitted. Behind a rope barrier, teams of bipartisan volunteers - each with its own supervisor from the secretary of state's office - ...
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Two of Maine's Recounts Canceled
Maine election officials say two candidates for the House of Representatives have withdrawn their ballot recount requests.
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Oxford County arrest log
The following arrests were recorded at the Oxford County Jail: John W. Larsen, 18, of Oxford, Nov.
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Recounts requested in Lakes races
ALL : Two incumbent Republican legislators who lost their respective races in close votes Nov.
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Students Say Gray-New Gloucester School Isn't Racist
The day after the election, a white student at Gray-New Gloucester High School stood up and unleashed a tirade on President Elect Barack Obama, using racial slurs.
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7 ballot recounts requested in Maine
4 elections. The secretary of state's office announced Wednesday that Democrat Ruth-Marie Spellman of Brewer wants a recount in her race against Republican Michael Celli of Brewer for the House District 21 ...
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Limestone students present 'Proof'
The Almost Canada Theatre Company at the Maine School of Science and Mathematics will present the award-winning tale, "Proof," by David Auburn.
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Racist acts alleged at Maine school
"The taxpayers in Lubec are paying $8773 per child, and the state kicks in an additional $4662 per " Lubec to ask voters on fate of "Excellent point on how fun the impeachment will be, Rogue_wave!" " Limbaugh ...
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Officials At High School Investigate Act Of Racism
Officials at Gray-New Gloucester High School are investigating two incidents of racism that occured Wednesday in response to the election of Barack Obama as President.
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Pineland Farmsa LED Retrofit Saves $30,000 Per Year
Pineland Farms in New Gloucester, Maine recently retrofitted over 200 street lighting fixtures with Osram Sylvania LEDs, the installation is expected to save the college $30,000 annually in energy costs, LEDs ...
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Eats: The Penny Store
I've always loved mom-and-pop sandwich shops. If you've lived in Maine for any length of time, you know the kind of place I mean.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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