Pawtucket, RI Mortgage Refinance in Rhode Island
We make it easy to get the lowest mortgage refinance interest rate in Pawtucket, RI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Pawtucket, 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 Pawtucket, 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 Pawtucket, 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
| Pawtucket, Rhode Island News |
Bridge fines help deficit
Getting a ticket can spoil anyone's day. But when it's a $3,000 ticket, it can cost someone their job.
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An honor for Frank Sylvester
Ever since the first bricks were laid at the "new" Lime Rock Fire District station on Twin River Road back in 2002, former Board of Fire Commissioners chair Joe Garvey had wanted the structure named after ...
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Police seek driver in high-speed chase
PAWTUCKET, R.I.a 'A simple traffic stop turns into a high-speed chase from Pawtucket into Providence.
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One-of-a-kind creative gifts at art show
Plum out of ideas for what to get those on your holiday shopping list? The Foundry Artists Association's annual Holiday Show is ripe with creative, one-of-a-kind gifts.
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Man on the Loose: Suspect Hits Pawtucket Police Car, Leads Police on Chase
A suspect on the run, state and local police trying to track him down before some got hurt.
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Reward offered in murder of pedestrian
In hopes of achieving some much-needed closure, the family of slain Pawtucket resident Carl M. Seebeck has announced the offer of a $5,000 reward for information leading to the arrest and conviction of the ...
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Relatives offer reward for information in killing
Relatives of a Pawtucket man who was gunned down in the street are offering a reward for information.
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Officers promoted, new recruits sworn-in
At a ceremony held on the eve of Thanksgiving, Mayor James E. Doyle and Pawtucket Police Chief George L. Kelley III both said they were thankful for the high caliber of men and women who make up the Pawtucket ...
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RI man charged with stealing from Mass. company
Mendon police have charged a Rhode Island man with stealing more than $330,000 worth of specialized computer testing equipment from his employer and selling it to line his own pockets.
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Principal faces sex-abuse charges
The principal of Pawtucket's largest public elementary school was indicted by a Providence County grand jury yesterday on charges that he repeatedly sexually assaulted a child in the city in the late 1990s.
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Free breakfast options available to city students
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Slater Park transforms into Winter Wonderlanda
Forget the gloomy economy. The spirit of the holiday season is alive and well right here at home, as Slater Park transforms itself into a magical Winter Wonderland.
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Fundraiser to benefit woman winning cancer battle
By JON BAKER PAWTUCKET -- Less than 30 months ago, Christine Drake spent her "mellow moments" pondering how well life was treating her.
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Mayor's wife seeks support for food drive
This time, it's not a vote that the mayor's wife is asking for, but your generosity.
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State set to patch up river bridge
While a permanent fix in the way of a new bridge is still at least two years away, repairs are scheduled to start in January to strengthen the existing span, according to a DOT official.
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Schools to council: Give us more
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Bad economy a boon to mayor's dinner
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Jean Barros still comes out ahead in Pawtucket recount
With a recount showing the number of ballots unchanged from what was reported on election night, Jean Philippe Barros has finally been declared the official winner of the District 5 City Council race.
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City man faces gun charges in Lincoln
Police quelled what could have been a "tragic situation" - according to Chief Brian Sullivan - when they arrested Daniel Carrero, 19, of 63 John St., Pawtucket, early Sunday morning on a felony charge of ...
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Pawtucket: The place for families
A few citizens and businesspeople in Pawtucket initially expressed shock upon hearing the news: that BusinessWeek magazine had declared their fair city as the best, most affordable "community" in which to raise ...
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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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