Wakefield, RI Mortgage Refinance in Rhode Island
We make it easy to get the lowest mortgage refinance interest rate in Wakefield, RI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Wakefield, 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 Wakefield, 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 Wakefield, 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
| Wakefield, Rhode Island News |
Off the Block
Ladies Night in Wakefield Wakefield village comes alive Thursday December 4, from 5 p.m. to 9 p.m. as hundreds of ladies enjoy the biggest party of the year.
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God Bless Us Every One
Matthew Royality as Marley and David Jepson as Scrooge rehearse for the Granite Theatre's production of "A Christmas Carol." Susannah H. Snowden/SunPhotos No one needs a reminder of where that Christmas ...
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Yes, Virginia, Santa will be in Wakefield, R.I.
No more calls please, Santa has arrived. After a weeklong search, the Wakefield Village Merchants Association has found its Santa Claus to ride the trolley and lead the association's annual holiday luminaria ...
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SCAA 38th holiday show
Crystaline glazed pottery by Jan Anthony will be on exhibit and for sale at the South County Art Association's 38th Annual Holiday Pottery and Art Sale which runs November 28 through Dec.
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Police Digest
The police yesterday identified the man killed Sunday afternoon in a motorcycle crash as Broc W. Brown, 23, of Bradford Road, Westerly.
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Karen Mann's glass designs come from her imagination
Karen Mann, stained glass artist and librarian at Ashaway Elementary School. Her work will be shown at the Chariho Holiday Art Show this weekend.
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Fishermen safe after boat capsizes off island
Three fishermen were rescued from 55-degree water October 31 after their boat capsized two miles east of Block Island.
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Relax and rejuvenate at a free basic Hatha Yoga class on the first and third Friday evenings of the month.
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Roger Williams Park Zoo just got better
The biggest animals in the Roger Williams Park Zoo have a bigger home, and the people who flock there can fill their eyes and ears with them more easily than ever.
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Birth Announcement
Alicia and Paul Miro, of Block Island, are proud to announce the birth of their first son, Paul Mason Miro.
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R.I. fishermen rescued after vessel capsizes
A helicopter crew from Air Station Cape Cod was dispatched to waters two miles east of Block Island, R.I., yesterday afternoon in response to a capsized fishing vessel, Coast Guard officials said.
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Spotlight on Volunteers: Judy Maynard
CHARLESTOWN After retiring in 1996 from 29 years with Mass Mutual Insurance, Judy Maynard decided she "needed to give back to the community and make herself valuable." She called around at some different ...
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Change to RIte Care drug coverage decried
The state is proposing to stop covering brand-name drugs for RIte Care enrollees, except in limited circumstances.
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Matt's top-10 legislative races
Matt's been on a roll, breaking some news over at RI's Future, and he's got a look at his top-10 legislative races : Deb Ruggiero - One of the state's top women's rights activists is battling a 28-year ...
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R.I. plumbers named Joe opine on their presidential picks
Joe Carmody, The Plumbing Doctor, of Wakefield, says he thinks McCain's plan for taxes would benefit his business.
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NK officials argue over WES future
Although the School Committee unanimously decided last month that they would not use the Wickford Elementary School building for classroom space in the near future, town and school officials continued to tussle ...
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More of this story
Calling all seniors! Form a team or join a team. It's a great way to stay in shape and make friends.
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Chief Thomas begins sentence
Narragansett Chief Sachem Matthew Thomas began his court-ordered community service stemming from a state police raid on a tribal smoke shop and spoke at Matunuck Elementary School in Wakefield on Monday.
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Food notes for Oct. 1.
Valerie Szlatenyi of Wakefield is back from Napa Valley, Calif., and the 18th Annual Sutter Home Build a Better Burger National Recipe Contest and Cook-Off. While she didn't win the $10,000 grand prize in the ...
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They're in it for the Long Haul
A small boy's fascination with caterpillars could have an intercontinental effect.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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