Sodus Point, NY Mortgage Refinance in New York
We make it easy to get the lowest mortgage refinance interest rate in Sodus Point, NY.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Sodus Point, 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 Sodus Point, 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 Sodus Point, 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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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of NY
| Sodus Point, New York News |
Two local postmasters accused of mishandling money
Two Wayne County postmasters are under investigation tonight accused of mishandling money.
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Rochester Man Accused Of Endangering Teenage Girl
Wayne County deputies charge man after he allegedly set up a sexual encounter. Sunday, October 26, 2008 Wayne County Deputies have charged a Rochester man with endangering the welfare of a child.
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Wayne County man in jail after trying to have sex with a minor
An Irondequoit man is in jail, accused of trying to have sex with a 15-year old girl.
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Swap meet Saturday at the Point
The Finger Lakes Chapter of the Antique Outboard Motor Club, Inc . will present its first Sodus Point Show and Nautical Swap Meet on October 4, from 8 to noon.
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Sodus Point man sentenced for child porn charges
A Wayne County man convicted of knowing receipt of child pornography earlier this year, was this week sentenced to just over eight years in prison, U.S. Attorney Terrance P. Flynn of the Western District of New ...
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Quick takes on health: Ovarian cancer; diabetes management; caring for a disabled family member
Free classes for patients with diabetes Rochester Clinical Research will host seven one-hour classes to teach better management of diabetes.
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Hotchkiss Building supporters win Round One
Armed with content experts and 40-50 supporters, concerned citizens lobbied the Wayne County Board of Supervisors Tuesday morning, looking to restore and preserve the historic H.G. Hotchkiss Building in Lyons ...
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Plane's distress call lacks specifics
The U.S. Coast Guard searched Lake Ontario for more than 61 2 hours Wednesday after receiving a distress call for a plane going down.
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Lake Levels Concern Sodus Point
Concerns over water levels in Lake Ontario are perhaps strongest along Wayne County's shoreline, specifically Sodus Point.
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Program to collect old meds nets 126,000 pills
The Rochester area's first collection of unused consumer medicine exceeded its goal by a huge margin, with 126,000 pills turned in that otherwise could have wound up in area waters or landfills.
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Conference examines Lake Ontario
Lake Ontario is the subject of a daylong conference Thursday. The gathering will be held from 9 a.m. to 4 p.m. at the Sodus Bay Heights Golf Club, 7030 Bayview Drive in the village of Sodus Point, Wayne County.
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Plant sales
Organizations plan events The Pittsford Garden Club is holding its annual plant sale from 9 a.m. to noon today at the Copper Beech Park, 8 State St.
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Sodus Point ambulance & fire depts. splitting
The Sodus Point Ambulance Department in Wayne County is going to be making some changes. via WROC-TV Rochester
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Wayne County man faces larceny, identity theft charges
A Wayne County man faces grand larceny and identity theft charges after sheriff's deputies say he used a stolen credit card. via Democrat & Chronicle
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None injured, as '1812 Hotel' burns
Firefighters and investigators were still on the scene Monday morning, after a major fire that severely damaged one of the oldest buildings in Sodus. via Courier-Gazette, Newark NY
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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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