Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Wyoming, RI Mortgage Refinance in Rhode Island

We make it easy to get the lowest mortgage refinance interest rate in Wyoming, RI.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Wyoming, 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 Wyoming, 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 Wyoming, 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.

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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Wyoming, Rhode Island News
Town owed thousands by local businesses

RICHMOND Two service businesses in the Wyoming village area owe more than $7,100 in back taxes and overdue water bills, while a local motel currently in receivership owes more than $11,000. According to the tax ...


Experienced pilots died doing what they loved

Investigators continue to work at the scene of a fatal plane crash Monday near North Central State Airport in Smithfield.


Neighborhood of the Week: Hope Valley retains mill charm

A house on Fenner Hill Road in Hope Valley. There is no historic district in Hope Valley, a former mill village in rural Hopkinton, but many of the area's historical housing and industrial buildings have been ...


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.


New bridges possible next year

Two bridges that state officials have declared off-limits for emergency vehicles and school buses could be replaced as early as next spring.


Barn fire kills fowl, damages building

A firefighter stands on a roof surrounded by smoke after clearing a hole to vent smoke from the second story of a barn filled with hay.


Edward Achorn: R.I. suffers, Granite State thrives

IT WASN'T EASY, but Rhode Island achieved something truly remarkable last month: It eclipsed Michigan, the national poster child for economic malaise, as the state with the worst unemployment rate.


Carcieri says he'd like to see end of state income tax

Governor Carcieri told a radio talk show audience yesterday that he would "love to find a way" to eliminate the state income tax.


More of this story

The Newport International Film Festival may fold in the next few weeks unless organizers can raise $100,000 to cover debt and operating expenses.


R.I. manufacturers name award winners

Four successful manufacturers and a top-ranking politician in the state House of Representatives will receive awards from the Rhode Island Manufacturing Association during a black-tie fundraising gala to mark ...


Artist's floral visions part of Hop Art tour

A pressed flower design by Joyce Bennis of Wyoming. She wA-ill bA-e participatA-iA-ng iA-n tA-he HA-oparts SA-tudio TA-rail oA-n OA-ct. 1A-8 aA-nd hA-er wA-ork wA-ill bA-e oA-n dA-isplay iA-n tA-he archive ...


Monday Profile Gail Whittaker

To Gail Whittaker, the Post Office next to Town Hall is more than a place to drop an envelope in a mailbox.


Luzon, 1945: Daughter now knows how father died

The big thing that Cheryl Wright Jasso remembers about the day the telegram arrived was that her mother burst out crying.


Monday Profile: Fred Stanley

Fred Stanley marks 44 years at helm of Hope Valley-Wyoming Fire department. Various awards and plaques hang inside Fred Stanley's office, commemorating his 44 years of service as fire chief of the Hope ...


Depot Square Park on shaky ground

Just a day after a groundbreaking ceremony at Depot Square Park in Hopkinton, it has become unclear of who even owns the parcel and the park, years in the making, might not go forward.


Neighborhood of the week: Wyoming

The waterfall at Wyoming Pond dam is near many houses. Wyoming village happens to be located near a part of rural Richmond that is one of the town's hot spots for commercial development.


New consignment/craft shop is a classy act

For best friends Cindy Brady and Cindy Dotson, opening Classy Closet Consignments just made sense.


Hopkinton Town Hall to get much needed repairs, and soon

The council unanimously authorized Town Manager William DiLibero to spend $18,500 to hire Classic Renovations and Wood Working, a Charlestown based contracting firm, to do the work.


Canonchet Road home in flames

An unoccupied home at 324 Canonchet Road was fully involved when the Hope Valley Fire Department was called to the scene shortly before 8 p.m., Tuesday.


Bad schooling

When it comes to top advisors, it's good to see John "Dubya" McCain keeping up his streak of employing clapped-out old political whores like Phil Gramm and Trent Lott, not to mention a rich lobbyist who ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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.
© 2006 Somerset Investors Corp. All rights reserved.
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)