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Mortgage Refinancing Help
: Regional: North America: United States
: Maine (5,647)
 When it comes to lowering your rates you will need to weight the benefits of having a lower rate vs. paying points up front. You may end up paying a lot more depending on your choice and how long you plan on keeping your mortgage.
 See also:
 Maine State Flag and other Symbols »
Informative site with pictures and history regarding the state flag, seal, coat of arms, and town flags.
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 Maine State Housing Authority »
Mission is to implement sound housing policy by assisting local people in obtaining and maintaining decent, safe, affordable housing.
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 Maine State Agencies »
Complete list and links to all state agencies.
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 United States Census Bureau: Maine »
State profile compiled by data from past and present Federal Census information.
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 50 States and Capitals: Maine »
Features links to the state page, symbol, flag, map, constitution, representatives, song, bird, flower, tree, and other useful tidbits.
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 State of Maine »
Official site includes links to Governor John E. Baldacci, state agencies, tourism, Legislature, US Congressional delegation, federal government, state parks, and tax information.
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 MaineOil »
Intent is to provide the current heating oil and kerosene prices as a resource for the people of Maine. Retail heating oil and kerosene prices are updated daily.
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 Maine Kids »
Learn about the Pinetree State. Includes games, history, famous people, places to visit, government, and contests.
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 Maine's First Lady: Karen Baldacci »
Features a biography, list of initiatives, a view of the Blaine House, and links.
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 Maine State Archives »
Maine history with links to archive and record management services. Mission is for the preservation of all government and official records.
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 Netstate Maine »
Features state symbols, emblems, the flag, and the seal. Provides links to some local businesses, and a general online shopping mall. Part of a larger site.
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 Maine Municipal Association »
An important resource for all small town, local governments in Maine.
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 If you want to make sure the interest rate your lender offers you is the rate you get when you close the loan, ask about a mortgage lock-in (also called a rate lock or rate commitment). Any lock-in promise should be in writing. Make sure your lender explains any costs or obligations before you sign.
Refinancing can be the right move to improve your financial situation, but be careful. Making the wrong move can put you much worse off. Smart and simple choices will go a long way toward keeping you financially secure.
Be Realistic. Lenders have tightened up loan requirements, so you'll need a good credit score and at least some equity in your home to refinance. To figure out how much equity you have, subtract the total amount that you owe on all of your existing mortgages from how much you think your home is worth. If your credit is severely impaired or you owe more than the value of your home, you probably won't be able to refinance right now.
There is no such limit on the number of times you can go for home refinance loans. Most lenders prefer that you have no late payment for the past 12 months before you switch over to a new loan.
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