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New Rochelle, NY Mortgage Refinance in New York
We make it easy to get the lowest mortgage refinance interest rate in New Rochelle, NY.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, New Rochelle, NY 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 Rochelle, New York 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 Rochelle, NY 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 NY
| New Rochelle, New York News |
Elderly woman rescued from fire in Premium Point
Town of Mamaroneck firefighters rescued an elderly woman from a small terrace this morning after a structure fire consumed a wing of her home in the exclusive waterfront neighborhood known as Premium Point.
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New senior housing in New Rochelle eyes middle ground
A new senior housing option is poised to open in the city, offering amenities like an on-site beauty parlor and barbershop at what are being billed as affordable rents.
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Mamaroneck teen pleads guilty to bat assault, will get weekends in jail
WHITE PLAINS - A 17-year-old boy from Mamaroneck village agreed to serve 16 weekends in jail for beating another teen in the head with a baseball bat in April.
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Monroe-Woodbury Ready for New Rochelle in AA semi-final
Coach Gleason: Right Tackle Villmann's appetite for success His coach wanted him to gain 20 pounds, so Cody Villmann gained 50. Hey, what's a ravenous teen football player to do when he's told to put on a few? "I had fun,'' Villmann said with a mischievous smile, ...
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MacMenamin's Grill in New Rochelle files for Chapter 11; will continue operating
NEW ROCHELLE - The owner of MacMenamin's Grill, a five-star restaurant known for its fish and steak platters, said the state's delay in granting him permission to expand his cooking school, has forced the ...
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New Rochelle revives 1968 law to fight absent landlords, crowding
The city is stepping up enforcement of its housing codes in light of rising complaints about housing with overcrowded tenants.
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Arts group pushing 'culture plan' to help revive New Rochelle downtown
NEW ROCHELLE - A coalition of local arts groups says its 'culture plan' to create more programs and facilities for local artists can help revitalize downtown businesses.
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New Rochelle seeks 8.25% tax hike
NEW ROCHELLE - Residents would see the city portion of their tax bill increase by 8.25 percent next year under the proposed 2009 budget released yesterday.
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Ray's return
RAY RICE v. NY GIANTS: 1pm Sunday One of the first things Ray Rice did the night he got drafted by the Baltimore Ravens was look at the team's schedule. When he got halfway down the list, his eyes instantly lit up. Week 11: Ravens at Giants. "I never wanted to look past any game," Rice said. "But I knew this would be a very special game for me." .
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Cameroon government fine 550m FCFA for neglected diplomatic building in US
Reports say the house, perched at 50 Montgomery Circle in New Rochelle ; a suburban city to the north of New York has been so neglected until it is now surrounded by thick shrubs and bushes.
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CHSFL: Iona Prep stays on course
42-27 humbling of XaverianIona Prep doesn't yet know its opponent in next week's CHSFL AAA championship game. It won't until this afternoon, when seven-time champ St. Anthony's meets Chaminade in the other semifinal. For these Gaels, however, the opponent doesn't matter nearly as much as the eventual outcome. They haven't come this far, or played this well for so long, to lose their grip on the program's first-ever AAA title. "We're feeling really happy that we're in the championship game but it's not over," junior Jeff Mack said. "We're not trying to settle for being in the championship game. We want to win the championship game. I mean we're happy, but we're not getting too rowdy. We still have another job to do." .
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Class AA: New Rochelle gets defensive
New Rochelle 33-7 win over La SalleKINGSTON - Marquis Terrell rushed for more than 3,000 yards as a varsity football player at La Salle Academy, leading the Section 2 power to consecutive state tournament appearances. Until last night, however, he'd never faced a defense that had the speed of New Rochelle. The Huguenots bottled up La Salle's dynamic offensive scheme, forcing five turnovers and rolling to a 33-7 victory in a Class AA state quarterfinal at Dietz Stadium. .
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NY man accused of arson against ex's building
A New York man is accused of setting fires at his ex-girlfriend's apartment building with gasoline and crashing a U-Haul truck into a garage where propane tanks were stored. Prosecutors have charged New Rochelle resident Walter Devivo with 24 felony counts including arson, burglary, reckless endangerment and criminal mischief. Prosecutors say he first set a fire in a hallway leading to his ex-girlfriend's apartment, cutting off her escape route. They say the woman put out the flames. He was charged with arson and ordered to stay away from her.
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Park fees, towing charges could increase in New Rochelle
NEW ROCHELLE - For the first time since 2005, the city is considering raising fees on a number of of its services, including park permits and towing charges.
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Indictment: New Rochelle man tried to burn down ex-girlfriend's building 3 times
NEW ROCHELLE - A 46-year-old man accused of trying trying three times to burn down the building where his ex-girlfriend lived was arraigned today on a 45-count indictment and jailed on $1 million bail.
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DWI charged after New Rochelle driver tells White Plains cops his car 'started driving funny'
WHITE PLAINS - As a would-be mechanic, it seems, Jonathan Segura is a flat-out failure.
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Magazine names New Rochelle "best place" in state to raise kids
The city has been named the best place in New York to raise children, according to Business Week.
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The Best Places to Raise Your Kids 2009: New York
New Rochelle Nearest city: New York City Population: 74,113 Median household income: $89,684 Ten-square-mile New Rochelle, the suburban home of Rob and Laura Petrie in a oeThe Dick Van Dyke Show,a is still a ...
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Troopers: New Rochelle man, 21, drove drunk at 106 mph on I-684
Troopers charged a 21-year-old New Rochelle man with drunken driving and speeding after clocking him doing 106 mph on Interstate 684, state police said today.
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Former New Rochelle man killed while walking on Sprain identified
State police identified the 60-year-old former New Rochelle resident who was hit and killed last night while walking in the center lane of the Sprain Brook Parkway as Ohanio Lawrence.
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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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