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Riverside, RI Mortgage Refinance in Rhode Island
We make it easy to get the lowest mortgage refinance interest rate in Riverside, RI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Riverside, 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 Riverside, 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 Riverside, 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
| Riverside, Rhode Island News |
Owner, 32, looted East Providence title business
The former owner of a title insurance firm in East Providence pleaded guilty yesterday to a federal fraud charge for looting more than $1.3 million from company accounts and using the money for vacations, hair ...
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After 30 years, new clue in mystery of missing mobster
The low drone of an orange backhoe hummed yesterday through the Riverside neighborhood where the authorities believe Joseph "Joe Onions" Scanlon was buried after he was shot in the back of the head in a ...
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Digging for victim of mob hit suspended for second day
Journal photo / Bob Thayer Law enforcement officials look on as two backhoes dig today for the remains of a mobster believed to be Joseph "Joe Onions" Scanlon in a side yard of an apartment complex at 378 ...
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30 years later, digging for a mobster's body
Journal photo / Bill Murphy State Police detectives and FBI agents watch as a backhoe goes to work this afternoon in the backyard of Lisboa Apartments at 378 Bullocks Point Ave.
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THOMPSON: 2 Killed In Crash
Two people were killed Sunday afternoon when their motorcycle ran off Route 12 in Thompson and plunged down a small embankment, state police said.
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Pawtucket Foundation chief sings city's praises while looking to make it better
Singing the praises of Pawtucket is his day job. But Thomas A. Mann, Jr., the executive director of The Pawtucket Foundation, is also going to be singing a different tune this Sunday as part of the Mixed Magic ...
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East Providence Senate candidate says she's the real 'new face'
Senate District 18 candidate Lynn Vargas tells residents not to be fooled by her opponent's claim that he is a "new face" in politics for East Providence.
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Rehoboth looks to RI for its new police chief
A veteran of the East Providence Police Department is poised to become the town's next police chief.
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Online Sweepstakes: Contractor Hopes to Become More Efficient With ProLandscape Software
In the struggling economy, Frank Borges thought he would be lucky to get enough work this summer.
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Learn about animals in Bristol
Be bugged. Insects are among the special guests tonight in Dave Marchetti's "Animal Experiences," at the Riverside Branch Library, 475 Bullocks Point Ave., East Providence.
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Eviction: Forcing people from their homes
Constable Mike Caires begins work at 5 a.m., in order to catch people before they leave their homes.
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Eviction: Forcing people from their homes
He could drill the lock until the doorknob pops off, but it might take three, four, even five tries - bearing down on the drill until his hands hurt.
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Happy birthday, dear Lonsdale
Todd Grammer - Forestdale, RI Whether it's baseball, sundresses or the outdoor seating at your favorite restaurant; there's a lot to appreciate about the upcoming season.
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Thinking twice before filling up
"I don't know what will happen - every week, everything is more expensive." Holding her yellow umbrella against the sleet, Wanda Perez stepped into an urban stream Monday that coursed down Hartford Avenue in Providence. via Providence Journal
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At last, Rhode Islanders will participate in OKC marathon [50 mins ago]
"The events of April 19, 1995 mean a lot to me" Reading through Oklahoma City Memorial Marathon results for the last seven years is a bit like taking a world geography class. via The Oklahoman
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Martial plan: Developing sport of ultimate fight gets assistance from lawmakers
"If this legislation passes, I will do what I'm told, but I'm telling them, give me the people and the opportunity to have them trained" When Mat Santos first introduced ultimate fighting classes at his gym six years ago, only a handful of students enrolled. via Providence Journal
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Job Prospects Bleak For College Grads
"I'm concerned about it but at the same time I'm optimistic because I've gone on three interviews in New York City and I've got a job prospect in Providence at Fidelity Investments" Graduation is just around the corner and job prospects are bleak for college seniors. via WJAR-TV
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Audubon's Earth Day is planet's birthday party
"Until then, they think, 'How does a global issue affect my life?' But when it's concrete and right in front of you, such as the price of gas, it makes the abstract realistic." Join the party. Honor Mother Nature. Earth Day approaches. "This is the planet's birthday," says Jeff Hall, senior director of advancement at the Audubon Society of Rhode Island. via Providence Journal
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Top lawyer for DEM steps down
"The state is discussing with Ms. Fairweather what role, if any, she will have in continuing to provide legal services to the administration. No decisions have been made." Patty Allison Fairweather, who has been at the center of a string of controversies while serving as the top legal counsel at the state Department of Environmental Management, has left the state agency. via Providence Journal
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Charity Sues Hospital Over Free Bed
"It just seems illogical to me that a quote-unquote 'permanent free bed,' which by its very name suggests that it is to last forever, can somehow not last forever" When Louisa Lippitt died in 1912, the wealthy widow left $4,000 to Rhode Island Hospital on the condition the money be used to provide a permanent free bed for needy patients, to be selected by a favored ... via WJAR-TV
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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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