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Narragansett, RI Mortgage Refinance in Rhode Island
We make it easy to get the lowest mortgage refinance interest rate in Narragansett, RI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Narragansett, RI 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 Narragansett, Rhode Island 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 Narragansett, RI 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 RI
| Narragansett, Rhode Island News |
Junior League of Rhode Holiday House Tour
On Saturday, Dec. 13, The Junior League of Rhode will be sponsoring its 7th house tour fundraising event, "Seaside Holiday: Narragansett- Not Just For Summer" in Narragansett.
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A native view of Thanksgiving
The images of the first Thanksgiving are something of an American legend: Native Americans and Pilgrims sitting around a table, sharing a harvest feast as a symbol of peace and goodwill.
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DEM weighs partial privatization of six sites
Saying he wanted to explore "what maybe-might-possibly-could occur," the director of the Department of Environmental Management said yesterday he wants to explore ways that businesses and organizations could ...
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OzRant: Tarquin's Ravishing Strides? Not Quite Yet...
It's the day when Yanks give thanks to the Sky Wizard, who helped a bunch of Puritans slaughter hundreds of redskins for the heinous crime of being helpful.
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Of local interest
Coffee-table books of particular interest to people in our area are as numerous as ever, and some of them are quite splendid.
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Campion tapped for chief
Fighting fires and responding to alarms since he was a teenager, Patrick Campion has climbed his way to the top of the ladder after being chosen as the next chief of the North Kingstown Fire Department.
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Joint effort to fight underage drinking
For years, Rhode Island's 35 task forces have tried to curb teen drinking through local programs.
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Body of slain mobster unearthed in Riverside
Joe Onions may finally be able to rest in peace. The Rhode Island State Police yesterday unearthed what they believe are the remains of Joseph P. "Joe Onions" Scanlon, the onetime hood, police informant and ...
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Ex-AG Roberts: Site of mobster's body may be all wet
Former Rhode Island Atty. Gen. Dennis J. Roberts II, who prosecuted Nicholas S. Pari and Andrew F. Merola for the assassination of Joseph "Joe Onions" Scanlon 30 years ago, says he will be mighty surprised if ...
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'67 Mustang owner keeps his first love nearby
Most of us fall in love with our first car. And years later, many of us seek out that first love by buying the same model car from the same year.
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Narragansett schools finance director charged with unlawful appropriation of funds
The Narragansett police yesterday arrested the school system's finance director on charges alleging he took more than $50,000 from the school system.
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Catherine Karnow/Corbis Rhode Island
The extreme compactness of area, proportionally large population, and economic activity have tied it closely to its neighbouring states.
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Remembering Dick Lema
Rhode Island's fishing community will gather at the Narragansett Community Center tomorrow from 1 to 4 p.m. to remember Richard J. Lema who died Oct.
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For some R.I. veterans of WWII, hospice offers a last look back
Bill Buell, who began as an interviewer at the hospice and later became the interviewee, prepares to fly in an F6F Hellcat fighter at the end of World War II.
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More of this story
If spirits, ghosts or other apparitions from the afterlife are out and about tonight, they are likely to be at the Inn at Villalon, 120 Miantonomi Ave., according to literature about hauntings in New England ...
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Decision on lawyer in Indian land case goes to final bell
The flights are booked, hotel rooms reserved, but who these Rhode Island visitors will see Monday in the leading role before the U.S. Supreme Court remains unknown.
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Narragansett-Rhode Island case before high court concerns many
PROVIDENCE, R.I. a ' The Narragansett Indian Tribe bought a 31-acre lot in 1991, saying it would be used for "economic development" and housing for the elderly and poor.
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Warwick lawyer's license suspended
The Rhode Island Supreme Court has suspended the law license of a former state senator accused of using $163,000 of his clients' home-financing loans to maintain his lifestyle.
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Craving a Narragansett: The bird, not the beer
More and more people are looking for alternatives to the traditional store-bought turkey.
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Emergency motion asks high court to choose state's lawyer
In a highly unusual move, the U.S. Supreme Court will be asked Friday to weigh in again on the unrelenting dispute over who should argue the state's case to keep control over 31 acres of Narragansett Indian ...
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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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