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Artesia, NM Mortgage Refinance in New Mexico
We make it easy to get the lowest mortgage refinance interest rate in Artesia, NM.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Artesia, NM 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 Artesia, New Mexico 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 Artesia, NM 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 NM
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| Artesia, New Mexico News |
Bank group changing name
A century-old New Mexico bank is changing its name. The chairman and chief executive officer of 1st National Bank, Everett Crawford, said the name will change to First American Bank on Jan.
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Some phone, Internet connections not yet restored
Although phone and Internet service for Eddy County government has been restored by Qwest, the county's Artesia offices have limited phone service and still no Internet, county leaders were told Tuesday.
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Training center could be CDL test site
The Permian Basin Regional Training Center plans to seek a state grant to construct a commercial driver's license driving course at the center.
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Capital Outlay hearings scheduled
A series of Legislative hearings to obtain citizen and community comments for State Capital Outlay funding has been announced by the Southeastern New Mexico Economic Development District/Council of Governments ...
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Little Argus
CARLSBAD/LOVING - The Solid Waste Department will work the following schedule during the holidays: today all residential and commercial pickups normally scheduled for Thursday will be serviced.
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Year in Review: Gone but not forgotten in 2008
Rudy F. Tellez, 78, of El Paso, who produced NBC's "Tonight Show" with Johnny Carson in the 1960s and co-founded KASK-FM in Las Cruces, died Nov.
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New radio network to enhance emergency operations
The completed installation of a multi-million dollar regional interoperable communication network will let public safety agencies in the county talk with each other and other emergency agencies in the region, a ...
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Emma Salgado retiring as Eddy County treasurer
Even in her wildest dreams, Emma Salgado said she never envisioned herself overseeing Eddy County's finances.
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FLETC cadet accused of battery
A student at the Federal Law Enforcement Training Center in southeastern New Mexico has been accused of battery against a fellow female student.
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Top DWI enforcement officers honored
They're on the proverbial frontlines of the war against drunk driving and on Saturday afternoon they were honored for their efforts in the ongoing fight.
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Hot On The Web: Recession Fears Kill Business
A jury has exonerated a 70-year-old Farmington man accused of molesting an 8-year-old neighbor more than a decade ago.
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Needle exchange program providing benefits
Public health officials in Carlsbad believe a syringe program at the Eddy County Public Health Office is just a small tool, but a good tool in reducing the number of cases of Hepatitis C in drug addicts and the ...
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Elizabeth E. Miller
Elizabeth Elayne Miller, 69, died Saturday, Dec. 6, 2008, at Specialty Rehabilitation Hospital in Albuquerque, N.M., following a courageous battle with chronic obstructive pulmonary disease. Elayne was born Nov. 22, 1939, in Logan, N.M., to the late Rex and Irene Miller. She attended McAlister Grade School and Tucumcari High School and graduated from high school in Big Spring, Texas, in 1958. Elayne is survived by her son and his wife, Marvin and Kitty Martin of Magdalena, N.M.; her daughter, Michelle Smith of Artesia, N.M.; seven grandchildren, Matthew and Emily Martin, both of Albuquerque, Luke and Nathan Martin, both of Magdalena, Bill, Melissa, and Christina Smith, all of Artesia; two great-grandsons, Aiden Martin of Albuquerque and Javirius Solmone of Artesia; sister Patricia (Miller) Cross of Canyon Lake, Texas, and three brothers: RC Miller of Tucumcari, Mac Miller of Lake Meredith, Texas, and Gary Miller of Roswell, N.M.
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Artesia Firm Agees To Pay N.M. $500,000
The state Oil Conservation Division and Marbob Energy Corp. reached a settlement Wednesday under which Marbob will pay $500,000 for reporting violations.
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Floyd Earl Proctor
Floyd Earl Proctor, 72, of Artesia, passed away from this world Saturday, Dec. 13, 2008.
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Councilman: Dispatch consolidation would be good idea
Carlsbad City Councilman Nate McDonald says he believes it would be in the public's best interest for the city to consolidate its emergency services dispatch with the Eddy County Central Communications ...
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For the Record: December 11
La Fonda, 210 W. Main St., Artesia, was inspected by the State of New Mexico Environment Department on Nov.
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Senator honored one more time
Outgoing U.S. Senator Pete Domenici doesn't mind a little adulation, though joking in his wife's absence he says she's had enough.
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CHS swim team hosts Artesia
The CHS swim team will host its third meet of the season when it faces Artesia in a dual meet at 5 p.m. today at the CHS natatorium.
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Commission won't adopt Locust Road
Fixing county roads sometimes can turn out to be a head-scratcher. The Eddy County Commission said it is reluctant to adopt and maintain a road where half is in the city limits and the other half is in the ...
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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