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

Allentown, PA Mortgage Refinance in Pennsylvania

We make it easy to get the lowest mortgage refinance interest rate in Allentown, PA.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Allentown, PA 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 Allentown, Pennsylvania 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 Allentown, PA 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 PA

Bad Credit? We can help!

Call for COMPLETE details NOW!

(800) 675-9783

Allentown, Pennsylvania News
Woman Suing Pa. Bar For Fall Into Toilet

A New Jersey woman is suing a Pennsylvania sports bar and restaurant, saying she got stuck inside a toilet bowl for 20 minutes when the seat broke.


Customer spies cook carving deer in Pennsylvania pizzeria

ALLENTOWN, Pa. - A Pennsylvania pizzeria insists venison is not on the menu - despite the impression a customer may have gotten when she saw one of the cooks butchering a deer in the shop's kitchen.


Customer spies cook carving deer in Pa. pizzeria

The Associated Press ALLENTOWN, Pa. - A Pennsylvania pizzeria insists venison is not on the menu - despite the impression a customer may have gotten when she saw one of the cooks butchering a deer in the shop's ...


Plea in botched robbery

An Allentown man who stabbed a shop worker last year during a botched robbery that turned deadly faces decades of imprisonment after working out a plea agreement.


Period flicks filling theaters

'Those who ignore the past are condemned to repeat it.' Condemned to repeat it? How about inspired to repeat it, and paid handsomely for the trouble? You may know the above quote as the famous line from ...


Second Suit Filed in Best Western Allentown Inn & Suites Death and Sicknesses: Carbon Monoxide

Second Suit Filed in Best Western Allentown Inn & Suites Death and Sicknesses: Carbon monoxide Nov.


Allentown teen struck by car

A 13-year-old Allentown girl escaped serious injury after being struck by a car last night on 14th Street near Chew Street.


Police have suspect in Emmaus man's stabbing

An Emmaus man was stabbed three times in the back in south Allentown early Thursday by someone police have identified only as a ''known suspect.'' Officers were called to the 2400 block of W. Emmaus Avenue ...


Man Shot Twice During Friday Night Robbery; Two Men Charged With Attempted Murder

Police say a man was shot twice during a robbery in Allentown last night, and two men were charged with attempted homcide for their roles in the incident.


2nd suit filed in hotel death and sicknesses

Of The Morning Call It's the second federal lawsuit stemming from the poisonings.


Woman's screams scare off man in armed home invasion

An armed man who broke into a South Whitehall house Monday night and confronted a woman in her kitchen fled after she dropped to her knees and screamed, township police said.


Foul play ruled out in Allentown, Pa., house blast

Investigators are ruling out foul play in the Allentown house explosion that injured two brothers.


Evidence found from 1973 murder case

LATEST DEVELOPMENTS Authorities located hair and panties that were used as evidence in the trial to convict Daniel Williams , formerly of Allentown, of the 1973 rape and murder of an 8-year-old girl, Tina ...


Allentown police look for robbery suspects

Allentown police are looking for two men in a home invasion and robbery that occurred last night, but one of the suspects may actually be a victim.


Mars Petcare expands voluntary recall

Mars Petcare U.S. on Nov. 25 extended a voluntary recall of dry cat food and dog food produced at the company's Allentown, Pa., plant and marked with "Best By" dates of Aug.


Allentown, Pa., home is destroyed in explosion

A house in Allentown, Pa., has been destroyed in an explosion. The Tuesday afternoon blast may have been sparked by a gas leak, and the smell of gas was in the air afterward.


Allentown, Pa., home is destroyed in explosion

A house in Allentown, Pa., has been destroyed in an explosion. The Tuesday afternoon blast may have been sparked by a gas leak, and the smell of gas was in the air afterward.


Woman Sentenced for Starting Deadly Fire in Allentown

A woman who pleaded guilty to setting a fire that left one man dead and many others homeless in Allentown has been ordered to spend 14 to 42 years in state prison.


Elderly Man Shot in Confrontation with State Police

A 75-year-old Monroe County man with dementia is being treated at Lehigh Valley Hospital near Allentown after being shot by State Police multiple times during an armed confrontation with troopers inside his ...


Allentown Man Shot Twice Found On Steps Of Home

An Allentown man was hospitalized early Saturday after he was found shot twice on a downtown street, police said.


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.
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)