Home Refinancing Newport RI

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.

Advanced Financial Services Inc
(401) 846-3100
25 Enterprise Ctr
Middletown, RI
 
Gmac Mortgage LLC
(401) 845-0575
11 Memorial Blvd.
Newport, RI
 
Complete Mortgage Company
(401) 275-2020
1020 Park Avenue Ste 107
Cranston, RI
 
Wilmington Finance Inc
(877) 451-9457
650 Ten Rod Rd Unit 3
North Kingstown, RI
 
Oak Tree Funding LLC
(401) 398-1013
620 Main St Unit 1A
East Greenwich, RI
 
Advanced Financial Services Inc
(401) 846-3100
25 Enterprise Center
Newport, RI
 
Banknewport
(401) 846-3400
500 W Main Rd
Middletown, RI
 
Ocean State Reverse Financing Inc
(401) 667-2578
1130 Ten Rod Rd # D101A
North Kingstown, RI
 
Chartway Federal Credit Union
(401) 783-3263
172 Main Street
Wakerfield, RI
 
Capital Mortgage Corporation
(401) 884-1860
4512 Post Rd
East Greenwich, RI
 
Opinion Corner
People in Rhode Island shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 50%
Rent: 30%
Other: 20%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 0%
I have had to downgrade my home: 0%
I am living paycheck to paycheck: 20%
I have eliminated some of my expenses in order to keep my home: 20%
It has not affected me: 60%
Other: 0%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 40%
I have some equity in my home: 20%
I own my home outright: 0%
I have no idea: 20%
Other: 20%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 40%
I have tried but have not been successful: 20%
No: 40%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 40%
Yes, they were slightly affected: 20%
Yes, they were significantly affected/drained: 40%
Source: Survey.com