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.
Return to our mortgage refinance page
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(800) 675-9783
| Connecticut News |
The running of the rich: Is wealth changing Connecticut politics?
Connecticut Attorney General, Richard Blumenthal, posed in his Greenwich home, Monday, March 8th, 2010.
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2 dead in Conn., thousands without power after massive storm rips through Northeast
Tens of thousands of Connecticut residents remained without power Sunday after heavy rain and high winds whipped the state over the weekend, toppling trees, dropping power lines, flooding roads and delaying trains.
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Storm downs trees, power lines, leaves one dead
Traffic slows to drive through a flooded portion of Main Street in Stratford, Sunday, March 14, 2010.
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Conn. would waive student loans in 'green' jobs
Paul Goulet hopes Connecticut will help him get from under nearly $8,000 he's borrowed for college after losing his job in a paper manufacturing plant.
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For Many Shaw's Workers In Connecticut, Tension Builds As Store Closings Loom
By the end of the month, Connecticut's 18 Shaw's supermarkets will close, and even though all but two eventually will reopen under the banners of Stop & Shop, ShopRite or PriceRite, the renovations could take weeks or even months.
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Rain, wind buffet southeastern Connecticut
Heavy rains and high winds battered southeastern Connecticut throughout the day and night Saturday, toppling trees and bringing rivers and streams near flood-level in low-lying spots.
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Opinions mixed in public hearing on highway tolls in Connecticut
Although proponents acknowledge that highway tolls have little chance of advancing from concept to reality this year, the state's Transportation Committee spent the better part of four hours mulling the merits and drawbacks of their implementation on Friday.
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Connecticut lawmakers warm to beefed-up cell phone ban for drivers
Beefing up fines for violating the law that bans using hand-held cell phones while driving will help deter a growing problem with on-the-go phoning, texting and other digital dalliances, West Hartford Police Chief James Strillacci told lawmakers Friday.
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Connecticut Sunday sales bill dead
Any hopes dealers and consumers in Connecticut had of legalized Sunday alcohol sales went belly up on Thursday.
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Conn. AG investigating Toyota problems
Connecticut Attorney General Richard Blumenthal says he's investigating Toyota's response to vehicle accelerator problems, following three Camry crashes in the state this week.
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Conn. judge rules state can force-feed inmate
A Connecticut judge has ruled that state prison officials may continue to force-feed a British inmate on a hunger strike.
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Connecticut Starting Over In School Funding Race To The Top
The announcement, made at the Legislative Office Building, came just two hours after the Obama administration said it had rejected the state's application for $192 million in the competition for federal school-reform stimulus money.
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Settlement In Connecticut Boy's Shooting With Uzi At Sports Club;...
A sportsman's club has pleaded no contest in the tragic death of an 8-year-old boy from Connecticut who shot himself by mistake in 2008 when he could not handle the recoil of an Uzi machine gun in Massachusetts.
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Sunday Sales Bill Dies In Legislative Committee
Stores will not be able to sell alcohol on Sundays. A bill that would allow them to do so died in the program review and investigations committee Thursday.
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Mass. club settles charges in boy's Uzi death
A Massachusetts sporting club has settled charges in the accidental death of an 8-year-old Connecticut boy who shot himself with an Uzi during a 2008 gun fair at the club.
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Conn. Woman Crashes Camry After Gas Pedal Sticks
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DMV Commissioner Proposes Civil Penalties For Owners Of Unsafe School Buses
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Guilford Man Sentenced to Three Years in Federal Prison for Role in Narcotics Ring
March 10, 2010 - Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that ROBERT KALMAN, 39, of Guilford, was sentenced today by United States District Judge Stefan R. Underhill in Bridgeport to 36 months of imprisonment, followed by three years of supervised release, for conspiring to sell cocaine.
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Farmington: It's Time to Show Your Shorts, Connecticut
People Submitted by Taylor Haskell on 2010-03-10.   It's time to show your shorts, Connecticut! Tunxis Community College's First Annual Short Film Festival is coming May 14th, 2010.
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Connecticut's Maple Season Is a Sweet Tradition
Warm days and cold nights are sweet stuff to the state's maple producers. These are ideal conditions for pushing maple trees' sugary sap up the trunk toward the leaves, rendering it available to those who are in the business of collecting it.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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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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