Providence, RI Mortgage Refinance in Rhode Island
We make it easy to get the lowest mortgage refinance interest rate in Providence, RI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Providence, 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 Providence, 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 Providence, 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
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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of RI
| Providence, Rhode Island News |
PC loses to Dartmouth in hockey
The Providence College men's hockey team lost to 20th-ranked Dartmouth, 4-2, last night in a nonconference game at Schneider Arena.
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Ex-owner of RI closing co. pleads guilty to fraud
Thirty-two year old Angela Raposa, of East Providence, pleaded guilty Monday to one count of wire fraud.
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Providence Fire Fighters Respond to an Electrical Fire
Several families were displaced Sunday after a fire breaks out amulti-family home.
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Providence man dies when car slams Route 195 on-ramp wall
A motorist died early yesterday, the police said, after the car he was driving careened off a curb and rammed into a wall on an on-ramp to Route 195 and tipped over.
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Suspect sends RI police on wild chase, flees
Police are searching for the driver who led them on a wild ride Sunday morning. The motorist was pulled over for an apparent traffic violation and fled, hitting two marked cruisers before getting on the ...
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Senate committee in RI to discuss abusive lending
Sen. Sheldon Whitehouse is returning to Rhode Island next week as the Senate Judiciary Committee holds a hearing on the nation's credit crisis.
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Two men shot at housing complex
Providence police are investigating the shooting of two men in the Manton Heights Housing Complex at about 11:30 p.m. Tuesday.
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RI man accused of torturing, kidnapping friend
A Providence County grand jury has indicted a former Burrillville man for allegedly raping, kidnapping and torturing a friend of nearly 20 years.
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Police plan crackdown on gangs
Providence police are promising a crackdown on gangs after a surge in violence in recent weeks.
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Woman, son reported missing
Swansea police are seeking the public's help in locating a woman and her son who were reported missing.
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Prosecutors to rest case in child killing trial
Prosecutors are expected to rest their case next week against a man accused of fatally beating his girlfriend's 3-year-old nephew.
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Bay Colony Dog Show coming to the Rhode Island Convention Center in Providence in 2009
At a press conference on Dec. 1 at the Rhode Island Convention Center, Providence Mayor David N. Cicilline will formally announce that the four-day American Kennel Club dog show will be held in Providence, Dec.
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Two injured in Manton Heights shooting in Providence
Providence Police are investigating a double shooting last night in the Manton Heights public housing development that left two local men injured, one in serious condition.
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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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A Providence man is indicted on the charges of the murder of his elderly mother in August 2007.
A Providence man has been indicted on charges that he killed his 79-year-old mother.
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Town of Richmond pays political candidate for sign removal
Disctrict court ruled that the town of Richmond illegally removed campaign signs.
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No body? No problem in nearly 300 murder prosecutions
When Andrew F. Merola and Nicholas S. Pari were charged with assassinating Joseph P. "Joe Onions" Scanlon 30 years ago, their lawyers cried foul.
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Patriots kicker Gostkowski safeguards kicking leg during fight
Sunday's fight between Patriots tackle Matt Light and Dolphins linebacker Channing Crowder is going to be reviewed by the league office to determine if disciplinary action is necessary, but Patriots kicker ...
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The Big Blue Bug gets zapped
PROVIDENCE a ' A Rhode Island holiday tradition is ready to go on Monday night. Nibbles Woodaway, better known as the New England Pest Control Big Blue Bug, will be zapped, but not like the bugs in your ...
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Jim Donaldson -- Rams win when they should have lost, and vice versa
New PC hoop coach Keno Davis shouts instructions to his players in Saturday's season-opener against Northeastern.
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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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