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

NC Mortgage Refinance in North Carolina

We make it easy to get the lowest mortgage refinance interest rate in NC.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, NC 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 North Carolina 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 NC 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 

Local bad credit mortgage refinance directory for NC :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Valdese Valle Crucis Vandemere Vaughan
Vale Vanceboro Vass Vilas

Return to our bad credit mortgage refinance page

Bad Credit? We can help!

Call for COMPLETE details NOW!

(800) 675-9783

North Carolina News
High Point bans panhandling

A North Carolina city says it understands if someone asks for spare change on its streets, but warns panhandlers not to get pushy.


NC Troopers To Target Fast Holiday Drivers

Thanksgiving holiday travelers should keep an eye on their speedometers. The North Carolina Highway Patrol will aggressively enforce speeding laws across the state until Nov.


Correction officials, doctors set to argue

The state's highest court will hear legal arguments today that could break the two-year stalemate on executions in North Carolina -- or extend the de facto moratorium.


Meek to step down as NC Democratic Party chairman

The head of the North Carolina Democratic Party has decided two terms is enough.


Debate over doctors and death protocols in NC

As reported in this local article , which is headlined "High court debates execution issue: N.C. justices chide doctors, legislators for not resolving lethal injection deadlock," the messy realities of state ...


Undercover officers use Taser on pallbearer

Authorities in North Carolina are apologizing for disturbing a funeral and tasering one of the pallbearers.


Van Der Beek back creekside in North Carolina

James Van Der Beek is back creekside. Five years after his star-making turn as the center of "Dawson's Creek" came to an end, Van Der Beek is back on one of Wilmington's sound stages - working with some of his ...


Canadian cold/flu breakthrough remedy undergoes NCI-sponsored trial in leukemia patients

Cancer patients - with their weakened immune systems - are particularly vulnerable when the cold and flu season hits.


Researchers Find Clue to Stopping Breast Cancer Metastasis

If scientists knew exactly what a breast cancer cell needs to spread, then they could stop the most deadly part of the disease: metastasis.


Environmentalist try to stop coal-fired plant

Attorneys for 16 environmental groups trying to stop construction of a coal-fired power plant in western North Carolina say a new federal ruling will help their case.


Former Va. teacher donates $1 million to UNC

A former Virginia school teacher has donated more than $1 million to the University of North Carolina at Chapel Hill, her alma mater.


Retailers Say New Lowe's Store Will Hurt Them

Retailers in Manning say a city council plan to give close to $1 million to a big-box home improvement store will hurt them.


NC Senator-Elect Kay Hagan Names Top Staff

North Carolina Senator-elect Kay Hagan has named several members of her senior staff in Washington.


High Point puts sex offender ban on hold

HIGH POINT High Point City Council has delayed a plan to ban sex offenders from the North Carolina city's parks.


N.C. troopers ready to target speeders

Beginning on Monday, the North Carolina Highway Patrol will begin a big push to crack down on speeders.


'Dirty dancer' wins 188,000 pay-out a Us town has agreed to pay...

A US town has agreed to pay A 188,000 to a woman banned from a community centre after residents complained about her dirty dancing.


Families, Friends, Schools And Neighborhoods Contribute To Adolescent Alcohol Misuse

That's the finding of a new longitudinal study conducted by researchers at the University of North Carolina at Chapel Hill, the University of California at Davis, and the University of California at Irvine.


Police Searching For Parents Who Abandoned Baby

Police plan to release still images of the man who abandoned a newborn baby in the women's restroom of a McDonald's restaurant in southwest Charlotte early Wednesday.


NC gas prices drop by nearly half

Gasoline prices are dropping quickly in North Carolina, down about $2 in the past 60 days.


Conservative Democrats could be stumbling block for Obama agenda

Many Democrats are pushing party leaders to advance an ambitious agenda when they take total control of Washington next year.


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.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)