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

CA Mortgage Refinance in California

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

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

Local mortgage refinance directory for CA :
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
Badger Ben Lomond Blocksburg Brea
Baker Benicia Bloomington Brentwood
Bakersfield Benton Blue Jay Bridgeport
Baldwin Park Berkeley Blue Lake Bridgeville
Ballico Berry Creek Blythe Brisbane
Bangor Bethel Island Bodega Brookdale
Banning Beverly Hills Bodega Bay Brooks
Bard Bieber Bodfish Browns Valley
Barstow Big Bar Bolinas Brownsville
Bass Lake Big Bear City Bonita Bryn Mawr
Bayside Big Bear Lake Bonsall Buellton
Beale AFB Big Bend Boonville Buena Park
Beaumont Big Creek Boron Burbank
Beckwourth Big Oak Flat Borrego Springs Burlingame
Belden Big Pine Boulder Creek Burney
Bell Big Sur Boulevard Burnt Ranch
Bell Gardens Biggs Boyes Hot Springs Burrel
Bella Vista Biola Bradley Burson
Bellflower Birds Landing Brandeis Butte City
Belmont Bishop Branscomb Buttonwillow
Belvedere Tiburon Blairsden-Graeagle Brawley Byron

Return to our mortgage refinance page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

California News
California Releases Global Warming Plan

For California to reach its global warming goals, the country's most populous state must cut greenhouse gas emissions by about four tons per person.


Individual investors rush to buy California IOUs

Individual investors on Tuesday put in orders for $1.84 billion in short-term notes that California plans to issue on Thursday, a strong reception that reflects the high tax-free yields the state is offering.


CA: Solar deal to enrich firm with Schwarzenegger tie?

A relative of Gov. Arnold Schwarzenegger and one of his former cabinet secretaries are part of a private investment group that could score a lucrative payoff if regulators approve a sprawling solar-energy ...


Gay Museum to Open in WeHo

A vintage copy of ONE magazine, America's first gay periodical What used to be a large personal collection of books, magazines, and other literature and artifacts has now become a comprehensive repository for ...


California battered by 3 wind-whipped wildfires

Powerful gusts stoked three major wildfires in Southern California early Tuesday that have charred nearly 12,000 acres, destroyed dozens of homes and forced thousands of people to evacuate neighborhoods in suburban Los Angeles and northern San Diego County.

Two people died Monday as flames raged in the northeastern and western San Fernando Valley, including one motorist killed in a rear-end freeway collision after a looming fire stopped traffic.

More than 2,000 firefighters and a fleet of water- and retardant-dropping aircraft battled the 5,300-acre Marek Fire at the northeast end of the valley and the 5,000-acre Sesnon Fire in the Porter Ranch area at the west end. Combined, more than 15 square miles had burned.


Erratic winds hinder, help Calif. firefighters

Ferocious desert winds pushed one of three major wildfires burning across Southern California to nearly double its size overnight, firefighters said T ...


Winds fan California fires

Oct. 14 - Two people are dead, and hundreds of homes threatened as gale-force winds fan wildfires burning out of control in Southern California.


Prop. 11 backers and foes offer promises, threats

SACRAMENTO -- The last time the Legislature drew California's voting districts, only a handful of people knew the unmarked offices where the mapmakers toiled.


California Fires Leave Two Dead

Two people have been killed and 30 homes destroyed after brush fires spread through foothills and canyons on the northern edge of Los Angeles.


California Issues Emergency Election Audit Regulations

The Office of the California Secretary of State has issued a set of proposed emergency regulations for post-election manual tallying of paper election records.


Wildfires burn homes, kill 1 in Los Angeles area

Vehicles burn early Monday morning, Oct. 13, 2008, north of Los Angeles after intense Santa Ana winds swept into Southern California and whipped up a 3,700-acre wildfire.


Gay couples rush to wed ahead of Calif. election

Gay couples from around California and the nation are feverishly tying the knot ahead of Election Day to avoid missing out if voters approve a ballot initiative aimed at banning same-sex marriage.


California Dune Collapse Kills Boy

Investigators are trying to make sense out of what led to the death of an 11-year-old boy after a sand dune collapsed on him and killed him late Saturday afternoon in Santa Cruz , Calif.


Prop. 7 attracts unlikely opposition

POWER HOUSE: The Puente Hills Gas-to-energy Facility in the City of Industry collects methane gas from the Puente Hills Landfill using it to heat water to power steam turbines and for electricity production, ...


American space tourist blasts off in Soyuz rocket

BAIKONUR, Kazakhstan - A Soyuz spacecraft with two Americans and a Russian on board lifted off from Kazakhstan on Sunday for the international space station.


Winning numbers in California's 'SuperLotto Plus' game

No ticket matched all six numbers drawn for the California Lottery's "SuperLotto Plus" game Saturday night, which had a jackpot of $41 million.


Black and white: Playing The race card

The race card is back. After Tuesday night's debate, Washington party-crossover dean David Gergen announced it was "too early" to declare victory for Democrat Barack Obama, not because the election is a month ...


Blighted San Francisco district touts its history

In the Tenderloin, corner stores sell more alcohol than food, drug-addled pan handlers shake paper cups at passers-by and churches vie for real estate with strip clubs.


CA-04: McClintock was endorsed by KKK.

What is it with Culture of Corruption machine politicians? If they're not in prison, they're under investigation, or they're hanging with shady characters.


Norbert weakens to tropical storm over Mexico

After making landfall over mainland Mexico, Norbert weakened Sunday from a hurricane to a tropical storm, weather officials said.

Norbert made landfall over mainland Mexico as a Category 1 hurricane with winds near 85 mph early Sunday morning, according to the U.S. National Hurricane Center.

But those winds have weakened to near 60 mph and Norbert is expected to rapidly weaken to a tropical depression later Sunday morning, the Miami-based center said.

Hurricane warnings for the coast of Mexico have been discontinued, the center 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.
 
"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
© 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)