Home Refinancing Lowell MA

Homeowners can apply for home refinancing, meaning they can get an entirely new mortgage on their home. This can be advantageous when mortgage interest rates fall below what they were when the original mortgage was taken out. This will result in lower payments and savings over the entire life of the loan. But homeowners must meet certain criteria before they can refinance; homeowners’ credit file will be reviewed, and a title report along with a report on liens on the property will be done, among other things, when the homeowner is going through the application process.

Merrimack Mortgage Company Inc
(978) 937-5789
9 Central St Ste 606
Lowell, MA
 
Mortgage Partners Inc
(978) 459-1600
482 Aiken Avenue
Dracut, MA
 
Republic Bank
(978) 250-2700
2 Meeting House Road
Chelmsford, MA
 
Mortgage Financial Inc
(978) 863-9555
170 Main St Unit 108
Tewksbury, MA
 
William Raveis Mortgage LLC
(978) 589-8000
235 Littleton Rd
Westford, MA
 
Lowell Five Cent Savings Bank
(508) 452-1300
34 John Street
Lowell, MA
 
Unlimited Mortgage Corporation
(978) 256-9200
211 Chelmsford St
Chelmsford, MA
 
Homestead Funding Corp
(978) 251-8558
345 No. Road
North Chelmsford, MA
 
Allanach Mortgage Group
(978) 649-4868
150 Westford Road Suite 34-36
Tyngsboro, MA
 
Northfield Trust Mortgage Company LLC
(978) 824-3333
342 North Main Street
Andover, MA
 
Opinion Corner
People in Massachusetts shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 57%
Rent: 38%
Other: 4%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 10%
I have had to downgrade my home: 7%
I am living paycheck to paycheck: 32%
I have eliminated some of my expenses in order to keep my home: 27%
It has not affected me: 20%
Other: 2%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 12%
I have some equity in my home: 63%
I own my home outright: 9%
I have no idea: 9%
Other: 6%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 32%
I have tried but have not been successful: 29%
No: 38%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 30%
Yes, they were slightly affected: 38%
Yes, they were significantly affected/drained: 30%
Source: Survey.com