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Ashford, CT Mortgage Refinance in Connecticut

We make it easy to get the lowest mortgage refinance interest rate in Ashford, CT.

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

Return to mortgage refinance in the state of CT

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Ashford, Connecticut News
Efforts increase to preserve 'family forests'

Dan Donahue likes to say that forestry isn't rocket science. It's a lot more complicated than that.


The Hole in the Wall Gang Camp

It is a nonprofit-residential summer camp and year-round center for children coping with cancer and other life-threatening illnesses.


Who'll solve the riddle of Pompey Rd?

IT IS a long way from England's south coast - " about 3,300 miles, in fact - " but a little part of Connecticut is forever Pompey.


The Hole in the Wall Gang Camp

It is a nonprofit-residential summer camp and year-round center for children coping with cancer and other life-threatening illnesses.


Tinkerville Brook Preserve A Joy To Explore

During my travels across the state, I've visited places named after Native Americans, pioneers, statesmen and natural formations.


82 Scholarship Recipients Announced

The SBM Charitable Foundation has announced its 2008-09 scholarship recipients. A total of 82 scholarships, 31 of which represent new recipients, were awarded in June at the foundation's annual scholarship ...


Camp says it's unaffected by health of founder, Paul Newman

The future of the camp founded by actor Paul Newman to benefit critically ill children will be unaffected by the actor's health, the camp's executive director said Saturday.


Builder makes trees accessible for all

Bill Allen's Burlington, Vt., nonprofit is aptly named Forever Young Treehouses. via Philly.com


Local appearances by WTNH anchors, reporters, management

Jodi Latina - Contest judge for the south windsor Jaycees "Paws in the park" 5/3/2008 - Sonia Baghdady & Chris Velardi - Judging the STAR 99.9 "Star Idols" finals at the Westfield Trumbull Mall. via WTNH


New House in Works for Ashford & Simpson Estate

"You won't see the house from the road"

Melissa and Doug Bernstein, the owners of Wilton-based children's toy company Melissa & Doug, have plans for a new house on the former Ashford & Simpson estate. via Westport News


Quinebaug-Shetucket Corridor to offer grants

"The list of projects funded is a compendium of many important initiatives and partnerships, all started at the grassroots level. We know this has made a difference to our region."

A new source of funding is available for municipal and nonprofit projects in the towns of The Last Green Valley. via Worcester Telegram & Gazette


Hundreds Turn Out for Free Dental Care

"This is not cosmetic health care."

Closure on 2006 Democratic Primary CT to NY: Reject Broadwater Lugo Details Protest Shove Alvin Goes for the Chevy Five Years of War Cab Industry Probe Launched Union Wins Decision PILOT Hike Back on Table ... via Ctnewsjunkie.com


Man is killed in six-storey fall

A man was killed when he fell from the sixth floor of a residential block in north-west London. via BBC News


Another teen driver killed in Conn.

State police say a 15-year-old boy has died after the car he was driving smashed into a tree on Route 44 in Ashford. via News Times


15-Year-Old Killed In Crash

"We need to continue emphasizing potential dangers of assuming operation of a vehicle on the roads of Connecticut, especially with inexperienced drivers."

More than 30 staff members from throughout the school system gathered Friday at Windham Middle School to comfort students who knew eighth-grader Jomar Gomez Pacheco, who was killed Thursday night in a one-car crash in Ashford.

Gomez Pacheco, 15, of Willimantic, was driving a 1996 Nissan Altima east on Route 44 in Ashford when he lost control of the car shortly before 9:30 p.m., police said. The car crossed into the westbound lane, just west of Upton Road, and struck a large tree, police said. He was pronounced dead at the scene. Read more


Sheridan Strips with Bolton for Charity Ad

DESPERATE HOUSEWIVES star NICOLETTE SHERIDAN has stripped off for a raunchy new charity campaign. via PR-inside.com


15-year-old driver killed in car crash

State police say a 15-year-old boy has died after the car he was driving smashed into a tree on Route 44 in Ashford. via Norwalk Advocate


Michael Flashes Nicollette

Michael Bolton may not be the Velvet Fog, but he sure looks smooth in his London Fog! In a new charity campaign, the soft rocker, 55, wraps naked fiancA©e Nicollette Sheridan, 44, in one of the fashion ... via Celebrity Mound


Combating Underage Drinking

"Alcohol kills more kids than all illegal drugs combined," says the literature of Stop Underage Drinking in Mansfield/Willington/Ashford, the towns that send students to E.O. Smith. via Hartford Courant


Hampton man charged in five eastern Conn. arson fires

State police say a 27-year-old Hampton man accused of setting fire to a neighbor's barn has now been charged with setting five fires in other eastern Connecticut towns. via Norwalk Advocate


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"...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.
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