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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 
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. "
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
Kaweah Kerman Kings Canyon National Pk Kneeland
Keeler Kernville Kingsburg Knights Landing
Keene Kettleman City Kirkwood Knightsen
Kelseyville Keyes Kit Carson Korbel
Kentfield King City Klamath Kyburz
Kenwood Kings Beach Klamath River

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(800) 675-9783

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Eighteen hospitals in California were fined for state health code violations in which patients died from various mishaps such as an improperly inserted tube and a ventilator that wasn't turned on. Other violations include surgical tools left inside patients after surgery.

The fines made public Monday stem from investigations by the California Department of Public Health that found shoddy care had either killed or endangered the lives of several patients. The hospitals were each fined $25,000 _ the latest of dozens of penalties the state has issued in recent years to more than 40 hospitals.


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Fire at Calif. air base burns 230 vacant homes

The military says a wind-whipped fire at a California air base damaged more vacant homes than previously though _ at least 230.

Air Force Maj. Vanessa Hillman said Sunday that the 190 homes and 40 duplexes burned in the fire at Travis Air Force Base were slated for demolition anyway.

The blaze started as a grass fire Saturday and quickly spread to a development that once housed service members. Officials had said at least 80 vacant homes burned.

Residents of nearby homes were not evacuated, but Hillman says some buildings were still lacked natural gas service Sunday.


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California Gov. Arnold Schwarzenegger has had surgery to repair his right knee, which he injured while exercising about two weeks ago.

The 61-year-old former bodybuilder had his knee examined Saturday after experiencing some discomfort. His staff said Sunday that the torn cartilage in his knee was repaired by arthroscopic surgery.

Schwarzenegger was under anesthesia for about 45 minutes Saturday. The powers of his office were transferred to Lt. Gov. John Garamendi during that time.

Spokesman Matt David called the operation minor and said Schwarzenegger was walking on his own Sunday.


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