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

Davis, CA Mortgage Refinance in California

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Davis, 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 Davis, 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 Davis, 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 mortgage refinance in the state of CA

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Davis, California News
Davis mom drives to Nebraska to abandon teenage son

A Davis mother went to great lengths - about 1,164 miles - to leave her 14-year-old son at a hospital in Nebraska on Friday, just before that state's safe haven law was changed to stop parents from dropping off ...


Dental aid offered at Davis clinic

The Davis CommuniCare Health Center, in partnership with First 5 Yolo and the Yolo County Children's Health Initiative, are hosting free dental screenings and fluoride varnish for Yolo County children ages 0 to ...


Ask AP: Importance of housing starts, honeybees

American farmers have long worried about the declining population of honeybees, a key crop pollinator.


Mobile home fire claims life in Yolo County

A woman died in a mobile home fire in Yolo County this morning. The Yolo County Sheriff's Department received a report of the fire at 8:21 a.m. at a home at 36449 County Road 31, a Yolo County sheriff's ...


Davis newspaper publisher, 8, ready to retire after one year

After meeting his goal of producing a year's worth of copy, the 8-year-old publisher of a Davis newspaper has decided to move on to other ventures.


Davis child murderer gets four more years in prison

A Davis man convicted of murdering his infant son in 1994 will spend four more years in prison, a parole board has decided.


Trash, garbage bin fires investigated in Davis

Davis authorities are investigating a series of trash and garbage bin fires that broke out last week behind local apartment complexes and businesses.


Tom Davis makes K St. move

Retiring Rep. Tom Davis is moving to K Street, accepting a job as director of DeLoitte's Federal Government Services.


Experts offer advice on job hunting

They're pounding the pavement. Combing the classifieds. Tapping away at their computer keyboards.


Between the Lines: John Updike due at the Crest

National Book Award- and Pulitzer Prize-winning novelist John Updike will be onstage at 7:30 p.m. Tuesday at the Crest Theatre as part of the California Lectures subscription series.


Evidence for Leaflet-Dependent Redistribution of Charged Molecules in ...

Center for Integrated Nanotechnologies, Materials Physics and Applications Division, Los Alamos National Laboratory, Los Alamos, New Mexico 87545, Chemical Engineering and Materials Science, University of ...


Choral Society concert has special meaning for soprano

With: Sacramento Choral Society and Orchestra When: 7 p.m. Sunday Where: Jackson Hall, Mondavi Center for the Arts, UC Davis Tickets: $30-$50; students 50 percent off with ID Information: 754-2787 or ...


Crimeline: Police say man arrested in Tulare had stolen credit cards and checks on him

A man walking around Tulare with stolen credit cards and checks was arrested Sunday, police said.


UC Davis opens raptor center to public

UC Davis will hold a free, public open house and "hawk walk" Nov. 15 at its California Raptor Center, which cares for and rehabilitates injured birds of prey including eagles, hawks, vultures and owls.


Bike museum on display in Davis

The California Bicycle Museum has been created to educate the public about the history of bicycles and the important role they play in our society.


UC Davis bike co-op told to ride off

The Bike Church may not have a prayer. Housing officials at the University of California, Davis, have ordered the Church, a quirky and popular student bicycling cooperative, to find a new place to conduct its ...


Wolk humble about victory

Senator-elect Lois Wolk, D-Davis, said she had a lot of help leading up to Tuesday's election.


Causeway Classic will see major DUI checks

The "Avoid the Eight" DUI Enforcement Task Force will conduct an intensive DUI saturation enforcement effort during the Causeway Classic football game between UC Davis and Sac State on Saturday.


Same-sex marriage licenses stir confusion

Bay Area county clerks are trying to resolve the confusion over whether they can still issue marriage licenses to same-sex couples.


UC Davis Graduate School of Management Dean Honored with Aspen...

DAVIS, Calif. - Nicole Woolsey Biggart, dean and professor of management and sociology at the University of California, Davis, Graduate School of Management, will receive the Aspen Institute ' s Center for ...


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)