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Mortgage Refinance

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all you 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 your area 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 you 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 down payment on your home was less than 20 percent. If your home equity has increased since your purchase, you may have enough equity to eliminate 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 CT

Call for COMPLETE details NOW!

(800) 675-9783

Andover, Connecticut News
Andover voters to be asked to OK $500,000 loan for road projects; save town school from closing

Residents attending this Saturday's annual town meeting face a 75-article warrant.


Coming Next Year to CT: New Jersey's Budget Crisis

To close a deficit that he asserted was approaching $11 billion, Governor Christie called for the layoffs of 1,300 state workers, closings of state psychiatric institutions, an $820 million cut in aid to public schools, and nearly a half-billion dollars less in aid to towns and cities.


One Teacher's View: Work With Us, Don't Fire Us

Writing on CNN.com , Esther Wojcicki, a teacher at Palo Alto High School in California, says: Schools aren't failing because the teachers don't care or aren't trying.


Hebron: Egypt Trip - Open To All Connecticut Residents

Submitted by Dr. William Levy , Hebron Lions, on 2010-03-10.   No amount of reading or flipping through picture books will prepare you for your personal encounter with the Pyramids at Giza, the Sphinx, the Mosques, the Cairo Bazaar, the Egyptian Museum of Antiquities, Memphis and Sakkara and the step pyramid.


Manchester: All-Star Jam At The Hungry Tiger Cafe

Submitted by Ray Beller Music Scholarship Committee on 2010-03-11.   The Ray Beller Music Scholarship Committee is celebrating its 5th annual All-Star Jam at The Hungry Tiger Cafe, 120 Hartford Road, Manchester on April 11 from 12 to 6 p.m. Proceeds will benefit the Ray Beller Music Scholarship, for any Manchester, Connecticut student studying ...


Council Reduces Capital Improvement Program

The town council tweaked its capital improvement plan slightly before bringing it to a public hearing at the end of the month.


Vernon: Friends Of The Rockville Public Library April Meeting

At The Library Submitted by Barbara Muldoon, Rockville Public Library, on 2010-03-03.   The Friends of the Rockville Public Library will meet at 6 p.m. on Thursday, April 1, in the Edith Peck Room on the library's lower level.


South Windsor: K-O Junior Hopes To Continue Community Service Work In India

School Stuff Submitted by Sonya Adams, Kingswood-Oxford School, on 2010-03-05.   It was two years ago, at the young age of 15, that Kingswood-Oxford School junior Raveena Khanna of South Windsor first traveled without her family to her parents' homeland of India.


Fire The Teacher to Fix the School? Two Viewpoints

Froma Harrop, blogger for Real Clear Politics and a ProJo editorial writer: Now [Obama] the administration is angering teachers' unions in the name of education.


Another Goose Egg: CT Loses on Fed Education Money

Education Week reports that CT -- a recent loser in federal transportation and other stimulus money -- isn't getting any of the coveted first-round of Race To The Top cash.


New Haven Police Investigate Overnight Shooting

An overnight shooting is currently under investigation by police in the Elm City.


Coventry: FPS Program State Conference

FPS Program State Conference School Stuff Submitted by Alice Boudreau, Coventry Public Schools, on 2010-03-01.   Three Future Problem Solving teams from Coventry have qualified to represent Coventry at the 27th Annual Connecticut Future Problem Solving Program State Conference, taking place March 27th and 28th at E. O. Smith High School.


Print-Only on McMahon Frustrates Non-Stamford Readers

Lockhart prys open the McMahon crypt -- but you can't read it unless you are a print subscriber or on the desperate California sportswriter Irvin Muchnick's blog.


Yale To Post Essays On Sex On University Website

To show that Yale social life isn't all about hooking up, university officials are asking students to submit essays on sex, which will be posted on the website of the Yale College dean's office.


Lawmakers Propose Removing Age Limit To File Civil Suits Over Child Sex Abuse

State lawmakers have introduced a proposal to eliminate the statute of limitations for civil cases involving child sexual abuse, exploitation or assault, allowing victims to file lawsuits at any time in their lives.


Man Sentenced To 10 Years For Killing Fellow Inmate

For delivering that punch, Waldemar Rivera, already serving a seven-year term for robbery, was sentenced to an added 10 years by Judge David P. Gold.


Chester Man Arrested In Death Of His Wife

A 49-year-old man is being held on $1 million bail for allegedly murdering his wife in her Chester home Thursday night.


Don't Ignore Mary Glassman in the Race for CT Governor

There's a Democrat running for governor out there who knows how to cut spending, who understands both governing and the crisis that Connecticut is facing.


Andover: Andover Seniors Visit WFSB Studio

Special for Seniors Submitted by Dianne Grenier, Andover Seniors, on 2010-02-24.   Dianne Grenier Andover senior citizens tour WFSB Channel 3 studio and view the live broadcasting of Better Connecticut with Scot Haney and Kara Sundlun.


Grant Will Help Town Fight Underage Drinking

The town will receive $245,000 from the state over the next four years to combat underage drinking.


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"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
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