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Westerly, RI Mortgage Refinance in Rhode Island
We make it easy to get the lowest mortgage refinance interest rate in Westerly, RI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Westerly, 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 Westerly, 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 Westerly, 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
| Westerly, Rhode Island News |
DMV closes two branches
The Director of the Department os Revenue announced the closing of the Westerly and West Warwick DMV branches, effective January 1, 2009.
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Council conducts solicitor tryouts
The town has two applicants vying to prosecute criminal cases for the town, and councilors say selecting one will be difficult.
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It's leftovers and resumes for councilors this weekend
It's leftovers and resumes for councilors this weekend as they determine who will be interviewed.
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Bike helmet drive for kids kicks off Monday
WESTERLY Several area businesses will take part in a bike helmet drive for kids starting Monday, as part of a local woman's push to raise awareness about safety.
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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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Missing Persons Found: Mother and Son Located in Westerly
Two missing persons from Swansea, Joana Gracia, age 78 and Stephen Gracia, age 51, turned up ok in Westerly, RI.
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Agencies see drastic rise in need for food
Local food pantries received more requests for food this Thanksgiving, and that has been coupled with an outpouring of help from a generous community.
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More of this story
Thanksgiving Food Drive: A Thanksgiving Food Drive will be held Saturday, Nov. 22, from 10 a.m. to 4 p.m. at Healthy Habits Showcase, a free health expo, in the Uncas Ballroom at Mohegan Sun.
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Dante Society honors four - Bologna Boys'
Dr. Louis LaPere, right, with Dr. Frank D'Alessandro, was among four honorees of the Dante Society.
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Irish pride finally sweeps Westerly
You might say that de Koulbanis, Oliver Brady and Maria Marley have the luck of the Irish.
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News Now: Man dies in motorcycle crash
A man died Sunday afternoon when he was thrown from this motorcycle on Post Road near the Westerly Middle School Sunday afternoon.
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North End project sparks debate
Several of the town's affordable housing advocates are saying "no" to a plan to construct 17 condominiums priced for low-to-moderate income residents in the North End.
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Richard Heines' woodworking
Richard Heines Jr. brings wood to life making bowls out of chunks of wood. He has served on the Alton Fire Dept for more than 50 years and is a general contractor too.
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Joan Pistone fills a need at Westerly Senior Center
WESTERLY Answers for members of the Westerly Senior Center abound inside the office door of Community Information Specialist, Joan Pistone.
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Car chase caps long string of criminal offenses
Before Marcellino D. Alves appeared in court this week on charges he led police on a car chase in Westerly and Hopkinton on Monday, he told the court nearly a year ago he was trying to "better" himself and ...
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Top vote getter sworn in as president
Town Council President Diana Avedesian, right, is congratulated by Town Clerk Donna Giordano as other councilors look on.
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Westerly Crossing on agenda tonight
Plans for the second half of the Westerly Crossing shopping center go before the Planning Board tonight with an opportunity for the public to share comments.
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Westerly Chorus featured on R.I. PBS
Watch Westerly perform. Tonight at 9:30, Rhode Island PBS, Channel 36, presents, Sing! It's a documentary about the Westerly Chorus, which is in its 50th year and involves 200 people, from 8 to 80 years old.
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Chase ends with officer shooting car
A car chase that began in Westerly ended with a police officer firing shots to stop a car.
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Girl Scouts Making a Difference
Left, Pauline Panatieri of Westerly accepts a donation flyer from Katia Pride, 9, of Westerly Girl Scout troop 104.
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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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