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Alviso, CA Mortgage Refinance in California

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Alviso, 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 Alviso, 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 Alviso, 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 
Understanding Your Credit
Your Interest Rate

" Traditional banks make their customer fit the loan; at Somerset Mortgage Lenders we make our loan fit the customer. "

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Alviso, California News
More grants aid in Alviso adobe renovation

Future improvements and new grants to help renovate the historic but dilapidated Jose Maria Alviso Adobe have been approved by city leaders.


Man accused of killing friend, buying alcohol with his Social...

Police say a homeless San Jose man killed his friend and buried him in a shallow grave near Alviso, and that the suspected killer spent the next four months cashing the dead man's Social Security checks to buy ...


Milpitas school board trustee running for county school board

Milpitas Unified School District Board of Education member Carmen Montano decided not seek re-election to the local board in the Nov.


College prep middle school opens to help push kids onto college.

A small South Bay community finally has its first middle school and Tuesday was the first day of classes at the new Downtown College Preparatory School in Alviso.


Rescuers hope to save 200 feral cats in San Jose

One of 200 cats at a former horse ranch in San Jose that will have to be euthanized if a home cannot be found for it.


Famous tale inspired by valley dog, estate

If you're of a certain age - OK, don't stand up at once - chances are that you were required to read Jack London's masterpiece, "The Call of the Wild," in the seventh grade.


Backstreet Shuffle

I N 1980, San Jose carved itself up into what's often lambasted as the "mini-mayor system," a fragmented balkanization of 10 jagged, haphazard regions represented by 10 councilmembers with their own individual ...


North San Jose development compromise reached

San Jose's City Council and developers reached an agreement Tuesday that advances a plan to build 32,000 homes and create 83,000 jobs in the area.


Alviso Slough Restoration Project is Outside of Water District's Core Mission

Alviso sits at the foot of San Francisco Bay, where Coyote Creek and the Guadalupe River wind through sloughs on their way to the sea.


Alviso Slough Restoration Project is Outside of Water District's Core Mission

Alviso sits at the foot of San Francisco Bay, where Coyote Creek and the Guadalupe River wind through sloughs on their way to the sea.


Alviso river project raises hopes, tensions

Dick Santos was only 11 years old, but he still vividly remembers when flood waters raged out of the Guadalupe River toward his family's home in Alviso.


Santa Clara water board praises part-time CEO, extends high-pay contract

The Santa Clara Valley Water District today extended the contract of its interim CEO, continuing a relationship in which she will work part-time and receive $432,000 this year by drawing both a state government ...


Man survives being hit by train near Fremont

A 43-year-old man suffered head injuries and a compound fracture of his right arm Monday night when he was struck by a commuter train passing through an area near Drawbridge, an abandoned town in the marshlands ...


Police Blotter

Albert Way, 3:12 a.m. June 27 A man and woman acting "suspicious" in a vehicle were determined to be under the influence.


Herhold: Water board's latest drain: public gazebo

For a journalist, the beauty of the Santa Clara Valley Water District - the Golden Spigot - is that its leaders never learn their lessons.


Herhold: The best ways to fritter away time

The ballots are in, and so are the winners. A couple of weeks ago, I asked readers how they might while away an hour or two without BlackBerries, the Internet or expenses of more than $15. And as summer begins ...


Marks Art Img

San Jose Mayor Chuck Reed dangled a $45 million carrot in front of Santa Clara school district leaders in hopes of heading off a ballot measure to impose a $30,000-per-unit tax on houses built in North San ...


Biz break: Google's Brin reserves seat for space flight

Google's rocket-man: Google co-founder Sergey Brin put down a $5 million deposit with Space Adventures, reserving a chance to orbit the Earth some day.


Planners Hope To Make Alviso Into 'Sausalito Of South Bay'

South Bay residents may need to use their imagination to envision a city like Sausalito in their neck of the woods.


TiVo Profits quadruple in first quarter

Digital video recorder pioneer TiVo reported Wednesday that its first-quarter net income more than quadrupled as operating costs, most notably for marketing and research, declined.


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