New Portland, ME Mortgage Refinance in Maine
We make it easy to get the lowest mortgage refinance interest rate in New Portland, ME.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, New Portland, 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 Portland, 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 Portland, 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
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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 Portland, Maine News |
Fire destroys mobile home
Fire destroyed a mobile home at 60 Church St. Saturday night. It was the second time Tim Wilbur's home was destroyed by fire in the two years.
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Helping hands donate to food closet
With energy to spare, students at Mallett School toted small plastic bags of food from the school to the Community Center Friday as part of the annual "Helping Hands" food drive.
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New Portland Symphony Orchestra Conductor Takes Over
The Portland Symphony Orchestra will have a new leader at the helm when it kicks off its season this week.
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New Portland School Close To Having Name
The Ocean Avenue school building committee will hear presentations about names Thursday night for the new elementary school in Portland.
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Assaults, criminal mischief top arrest logs
IN WATERVILLE, Wednesday at 4:50 a.m., Jamie Lynn Charity, 28, of Winslow was arrested on Halifax Street on a charge of assault.
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46 Dogs Seized From Two Southern Maine Houses
LEWISTON Maine animal welfare officials seized 46 dogs in New Portland, north of Farmington, where they were found caged.
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Bangor, Maine Wvii Abc 7 and WFVX Fox 22
Nearly four dozen dogs are recovering from a bad case of neglect. Authorities say the former owner of the dogs moved away from New Portland, which is north of Farmington, last fall.
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46 Dogs Seized From Two Southern Maine Houses
LEWISTON Maine animal welfare officials seized 46 dogs in New Portland, north of Farmington, where they were found caged.
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State seizes 46 dogs in New Portland
The state has taken 46 dogs from two New Portland houses where officials said they were found malnourished, covered in feces and living in cages.
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Lobster lunch
The Women's Fellowship Group of the Second Congregational Church will sponsor its annual lobster roll lunch from 11 a.m. to 1 p.m. on Saturday.
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New England moose under attack from ticks
A moose picks up its head while eating grass along Pierce Pond near New Portland, Maine, in this July 1996 file photo.
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Unexpected Delay at BIA gives maine soldiers time with family and friends
Suzanne Fischer of Milford gets a double hug from her fiance Spc. Cody Myers of Augusta and Spc.
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Islesboro to take part in Community Heritage Project
ISLESBORO : The Maine Historical Society, in partnership with the Maine State Library, announced the first eight Maine communities have been selected to participate in the Maine Community Heritage Project, ...
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Volunteers Clean Space For New Portland Trail
In celebration of National Trail Day, a group in Portland is working to clean up space for the city's newest recreation trail.
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Fundraising Underway For New Portland Skate Park
Portland's skate and bike park kicked off a fund-raising campaign Monday, with a new logo and a matching grant.
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New Portland celebrates 200 years
A tour of historic town buildings and homes continues a yearlong celebration of the town's 200th anniversary starting at 10 a.m. Saturday.
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High-Speed Ferry Arrives At New Portland Terminal
The high-speed ferry called The Cat has arrived for the first time at its new home on the Portland waterfront.
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Trucker pleads in fatal crash
Domingos Medeiros, the Massachusetts driver charged with leaving the scene of a deadly wreck in New Vineyard on Jan. via Sun-Journal
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Turnouts low for Maine school budget votes
"Unless a referendum is well-founded, it's a very large waste of taxpayers' money" Voting season is under way in Maine, but few people seem to have taken notice. Under a new state law, voters are going to the polls this spring to cast ballots on their local school budgets. via Boston.com
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Volunteers ready for book sale
"It's a preventive measure against illiteracy. Some students need the extra one-on-one effort but then we don't have to worry about them becoming an adult who's ashamed because they can't read" Hoisting boxes filled with used books and working quickly, Foster Tech students raced Thursday to empty a truck to help Literacy Volunteers prepare for the annual used book sale. via Sun-Journal
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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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