North Jay, ME Mortgage Refinance in Maine
We make it easy to get the lowest mortgage refinance interest rate in North Jay, ME.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, North 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 North 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 North 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
| North Jay, Maine News |
Board stalls action on water connection
A plan to link water lines between Wilton and Farmington near the region's hospital needs more discussion and information, including how to pay for it.
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Jay veteran nears end of AT
A veteran hiking the Appalachian Trail to raise awareness of the plight of homeless veterans was expected to reach Caratunk on Wednesday evening, according to VFW District 9 Commander Palmer Hebert.
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Sun may have blinded driver in fatal wreck
The sun appears to be a major factor in a fatal accident Tuesday evening, according to police Chief Larry White Sr.
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Peru man dies in tractor-trailer crash
A Peru man was killed Tuesday when his vehicle struck a tractor-trailer that was backing into a driveway on Route 17 in North Jay, about a half-mile from the Dixfield line, police said.
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A Great Way to Wake Up
Randy Easter of North Jay takes a paddle Wednesday morning around Wilson Pond in Wilton.
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Cops charge Wilton man in shed fire
A Wilton man was arrested early Tuesday after he was accused of starting a fire in a shed that did not belong to him and then leaving without putting it fully out.
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Jay mourns loss of Morse Hill resident
"She and her husband, Lloyd, would travel all over to dance." Residents here and beyond are mourning the loss of a Jay woman known for her dedication to her family, work, sense of humor, dancing and photography. via Sun-Journal
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No contests on Jay's ballot
Voters face no ballot contests for the town election on Tuesday, June 10, although write-in candidates could still surface. via Sun-Journal
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$9.28M school budget gets nod
SAD 36 directors unanimously voted to approve $9.28 million budget Thursday for fiscal 2009. via Sun-Journal
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House OKs new license rules
"We're being asked to implement a national ID program through coercion by the federal government" Following a debate that rang with themes of states' rights, individual liberties and security of state credentials, the Maine House approved a bill Wednesday to tighten the rules for getting a Maine driver's ... via Sun-Journal
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Seven Schools Honored For Being 'Green'
Seven school systems in Maine are getting high marks for efforts to improve energy efficiency and reduce carbon dioxide emissions. via WCSH-TV Portland
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Flag Project Stirs Vets' Ire
POSTED: 9:31 am EDT April 18, 2008 UPDATED: 9:46 am EDT April 18, 2008 FARMINGTON, Maine -- An art project featuring flags on the floor of a Maine college's student center has triggered a protest. via WMTW-TV Auburn
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House Passes Real ID Compliance Bill
"I am personally not prepared to spend that capital to meet the federal demand." The House Wednesday passed a bill that will put Maine in compliance with the federal REAL ID law. via The Ellsworth American
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Flag Project Sparks Controversy At UMF
"We made the determination very quickly that this was a matter of protecting the students' first amendment right of free expression" An art project at the University of Maine in Farmington has sparked controversy among students and the community. via WLBZ
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Filmmaker wants help from state to make movie in Maine
A screenwriter and director want the state to provide up to $800,000 in reimbursements for expenses for shooting a film in Maine. via Bangor Daily News
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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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