Waterboro, ME Mortgage Refinance in Maine
We make it easy to get the lowest mortgage refinance interest rate in Waterboro, ME.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Waterboro, 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 Waterboro, 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 Waterboro, 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
| Waterboro, Maine News |
Maine shoppers line up early for bargains
Shoppers lined up Thursday night and waited for hours for the mall to open so they could take advantage of doorbuster sales on electronics and other big-ticket items.
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Better mileage for your buck: For first time since 2005, gas costs less than $2 a gallon
On Monday morning, the price per gallon at Irving and other service stations on Main Street was $1.89. SANFORD - What goes up must come down, right? Well, not usually when it comes to prices.
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Waterboro named as Mainea s first a oeFirewise Communitya
Waterboro named as Maine's first "Firewise Community" November 21, 2008 Conservation Waterboro, MAINE – The town of Waterboro has been recognized has Maine's first "Firewise Community" for its wildfire ...
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Community colleges key in job retraining
Instructor Michael Harrison teaches a class Wednesday evening at York County Community College in Wells, Maine.
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Incumbents hold on to seats in House, Senate races
Incumbents had the upper hand in the various contests to decide who will represent Sanford and other area towns in Augusta the next two years.
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'They've killed us' Tales of local hauntings
They say the time around Halloween is when the veil between two worlds is its thinnest and unexplainable things happen.
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A Makeover for Biddeford Savings Bank
The main branch of Biddeford Savings Bank is getting a makeover. Working with Biddeford Savings Bank, Gawron Turgeon Architects carefully programmed and designed a renovation/expansion for their main ...
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The Best Leaf Peeping Autumn Foliage Drives in Southern Maine
The autumn foliage this year in southern Maine is predicted to be one of the most brilliant on record because of the unseasonably high rain the area received over the summer.
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Local students appear in UMF show
REGIONAL : Ryan Patstone, of Waterboro, and Maria Skillings, Cape Elizabeth, will appear in the University of Maine at Farmington's upcoming production of "Expecting Isabel." The show will run at 7:30 p.m. ...
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Waterboro woman jailed for welfare fraud
WATERBORO : An East Waterboro woman received 90 days in jail, was ordered to pay restitution for the theft of welfare benefits and was placed on one year of probation at York County Superior Court last Friday, ...
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SAD 57 sixth-graders on the move
WATERBORO : Starting next fall, all sixth-graders in Maine School Administrative District 57 will be moved from the district's elementary schools to Massabesic Middle School in Waterboro [0] Also at the Oct.
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Charter changes on November ballot
WATERBORO : Come November, Waterboro residents will decide whether to amend the town charter to change the date elections can be held in June and whether to change how many members are required on each town ...
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Land Access Debate
More Mainers are posting their land these days because of vandals... Maine's time-honored tradition of allowing recreational access to private land may be in jeopardy, in part because of abuses that test the ...
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More land is posted in Maine
NORTH WATERBORO, Maine - Maine's distinctive tradition of allowing recreational access to privately owned woodlands and waterfronts may be in jeopardy, in part because of abuses that test the limits of ...
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Annual service at Old Corner Church
WATERBORO : The annual service at Old Corner Church, corner of Federal Street and West Road in South Waterboro, is scheduled for Sunday, Sept.
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Wells police log
He had allegedly attempted to steal food and juice. He was released on bond with a court date in York District Court.
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Think you're paying more for gas in Sanford? You're right
Is gasoline more expensive in Sanford than in other southern Maine towns? Some local motorists think so, and according to the Sanford News' informal survey of area service stations, they're right.
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Maine Town Chips Away At Fire Hazards
The Maine Forest Service is working to help people in the town of Waterboro protect their homes from the danger of fire.
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Waterboro teen charged for assaulting an officer
WATERBORO : A Waterboro teen faces several charges after assaulting a local homeowner and two officers and leading York County deputies on a foot chase into the woods in Lyman.
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Search for new SAD 57 leader begins
WATERBORO : School Administrative District 57 School Board members will begin interviewing candidates for the position of interim superintendent starting Tuesday, Sept.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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