Rhode Island Mortgage Information

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Current Mortgage Rates
Type of Loan	Rate*        APR*
5 Year ARM	5.821% 5.033%
15 Year Fixed	5.243% 5.288%
30 Year Fixed	5.729% 5.717%
Home Equity Loan	7.420% 5.740%
HELOC	6.305% 6.990%
*Rates & APRs are based on Rate Observer .

Rhode Island home equity loans got you confused - Home Equity Info can help. We provide information on: Rhode Island 125 Cash Out Home Equity Loans, Rhode Island Cash Out Home Equity Loans, Rhode Island Bad Credit Home Equity Loans, Rhode Island Refinance Loans, Rhode Island Home Equity Lines of Credit (HELOC), and Rhode Island Second Mortgages.  We also have a section on the basics of Rhode Island Home Equity.

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Heard a lot about predatory home equity lenders?  So have we and that is why we strive to provide you with a quality list  of Credit Unions, Banks, Mortgage Brokers, or Savings and Loans lenders that may lend Rhode Island home equity loans.  We suggest you read as much as possible about each lender and then make your decision.

Some quick facts on Rhode Island owner occupied homes with a mortgage¹ :

• The median Rhode Island home price is $246,379.
• 78% of Rhode Island home owners have only a single mortgage.
• Only 0.6% of Rhode Island home owners have both a second mortgage and a home equity loan.
• While the median income for all of Rhode Island is $58,978, the median income for owner occupied Rhode Island homes with a mortgage is 72,262.
• The median monthly Rhode Island housing cost is $1,469.
• Rhode Island Median Annual real estate taxes are $2,976.
• While the national average Expedian Credit score is 678, the average for Rhode Island is 696.
• Non-business bankruptcies in Rhode Island have gone from 4,383 in 2000 to 4,068 in 2004.

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The state regulator for Rhode Island mortgages is Dennis F. Ziroli

 STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
 Department of Business Regulation
 Division of Banking
 233 Richmond Street, Suite 231
 Providence, Rhode Island 02903-4231

Phone: (401) 222-2405
Fax: (401) 222-5628

Website: http://www.dbr.state.ri.us

 The Division of Banking regulates Rhode Island Mortgage Lenders, Rhode Island Mortgage Brokers, Small Loan Lenders, Electronic Money Transferors, Check Cashers, Sellers of Checks, Foreign Exchange Companies, and Debt Poolers. The Division licenses approximately 1,200 of the aforementioned entities. Rhode Island’s licensee list is available for $15.00 from the Division and may be obtained by calling (401) 222-2405. This list is also available at the Department of Business Regulation Website at www.dbr.state.ri.us.

Rhode Island’s licensing statute for lenders was originally enacted in 1956. The loan broker statute was enacted in 1989. Both were last recodified in 1995² .

Rhode Island Counties:

Bristol County, Kent County, Newport County, Providence County, Washington County

Source
-US Census

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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.