Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Fremont, CA Mortgage Refinance in California

We make it easy to get the lowest mortgage refinance interest rate in Fremont, CA.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Fremont, CA 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 Fremont, California 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 Fremont, CA 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.

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 bad credit mortgage refinance in the state of CA

Bad Credit? We can help!

Call for COMPLETE details NOW!

(800) 675-9783

Fremont, California News
Postal route changes in Fremont and Union City

Some folks who know just about when their mail is going to come and who is going to deliver it were in for a surprise Monday.


Roadshow: Cell phone fine could rise

Q: Can you use your influence to get state Sen. Joe Simitian to introduce a bill to increase penalties for using cell phones that are not hands-free? There are far too many people ignoring the law and the state ...


New Milpitas library to be regional facility for Fremont, San Jose

A daylong program of activities for the public will be part of the new Milpitas Public Library's grand opening ceremony on Saturday, Jan.


Public meeting scheduled on new water pipeline through Fremont

Fremont residents this month will get a chance to comment on the environmental review for a proposed pipeline that would carry Hetch Hetchy water through the Tri-City area and across the Bay to San Mateo ...


Shoppers become victims in three violent Fremont armed robberies

Police are investigating a trio of violent armed robberies that occurred late Sunday, crimes that included a man being pistol-whipped and a woman being punched by a gunman, authorities said.


2008 an eventful year in Fremont, Newark, Union City

One year ago, the economy was humming along and it appeared that Fremont was on its way to becoming a major league city, courtesy of a massive ballpark development proposed by the Oakland A's. But by the end of ...


Longtime Fremont car dealership to close doors

One of the oldest businesses in Fremont will be closing its doors for good next week.


Vietnamese Delights, Fremont report w/ pics

I saw in the Dollar Saver a coupon for a FREE 5-Spice Chicken Sandwich so I had to go! The place is in the Lucky's shopping center off Fremont Blvd North, 1 block from 880.


Fremont votes to join vector control district

It may never be the land of big government, but Fremont residents are showing they're not afraid of a little tax hike.


Fremont California Electric Cars Trucks Automobile Mobius Power Grant Mark Juzkow Aakar Patel

As car makers move toward development of electric cars so do battery makers. They are the key to providing reliable and long-range power.


Dreams For A New North Fremont

MONTEREY, Calif.- You've most likely driven down it, not giving it much thought.


Fremont man arrested in assault with bottle

A 24-year-old man is expected to face felony charges this week after he and a teenage boy threw beer bottles at a man and his vehicle because they thought the victim was driving too fast in their neighborhood, ...


Mr. Roadshow reveals 'Dirty Dozen' traffic hotspots, and 12...

Highway 101 remains a mess in the evening, from Palo Alto to South San Jose. The outdated Valley Fair interchange at Interstate 880 and Stevens Creek Boulevard is years away from being fixed.


Moratorium on new nightclubs postponed

Fremont City Council criticized a proposed temporary ban on new nightclubs or dance clubs recently after some council members said the ban's timing was disturbing.


Siren Sounds for Dec. 20

Man duped in craigslist-arranged meeting On Dec. 16 at about 3:20 p.m., Fremont Police Department officers responded to a robbery at a home on Panton Terrace.


Fremont standoff ends with gunman's arrest

A middle-aged man fired a single round through a wall of his North Fremont apartment late Friday morning, sparking a three-hour standoff with police that ended with his peaceful surrender, police said.


Man drives into water near Dumbarton Bridge in apparent suicide attempt

Fremont Firefighter Kyle Sana, left, and Menlo Park Firefighter Randy Kelly, right, helps the driver of a car that drove into the San Francisco Bay out of his car and onto shore Thursday December 25, 2008 in ...


Fremont capital improvements less affected by state problems

Despite Sacramento's declaration last month that the state of California is suffering a financial meltdown, Fremont officials will soon consider placing several big-ticket projects on its five-year capital ...


When the year ends, so will Fremont barber's 50-year career

When Joe Coco finishes a haircut these days, he doesn't just get a tip, he gets a hug.


Burmese-Chinese Restaurant (that's the name), Fremont report w/ pics

First time at Burmese-Chinese Restaurant. I'm just happy they have a Burmese restaurant in Fremont! My co-worker goes there for lunch and they have $3.99 or $4.99 lunch specials.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...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.
© 2006 Somerset Investors Corp. All rights reserved.
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)