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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  

Local mortgage refinance directory for DE :
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Delaware News
Delaware wins national awards

Kevin Cancannon, undersecretary for Food, Nutrition and Consumer Services in the U.S. Department of Agriculture, recently presented awards to state officials recognizing Delawarea s proficiency in processing applications for SNAP, the Supplemental Nutrition Assistance Program.


Delaware Lawmaker Takes Part in Monitoring of Iraq Elections

A Delaware lawmaker taking part in the monitoring of Iraq's election says frequent bomb blasts appeared to do little to discourage the Iraqi people from turning out at the polls.


Delaware prepares mosquito defenses

SELBYVILLE -- Nearly 100 years ago, bullfrogs were used to control 'plagues of sand flies and mosquitoes' that often drove visitors from Delaware's beach towns.


DELAWARE: Del. woman charged with raping teen in church choir

Police have charged a Newark woman with raping a boy who was a member of her church youth choir.


Failure To Adopt Health Reform Will Lead To Hundreds Of Delawarean Deaths.

A "Families USA" report s shows failure to enact the plan will lead, in the next decade, to approximately 700 premature deaths in the First State.


New lawsuits in child sex abuse case names 3 doctors, Medical Society

Lawyers who have filed 17 lawsuits against Dr. Earl. B. Bradley and Beebe Medical Center on behalf of abused children have added new defendants: the Medical Society of Delaware and three physicians -- all accused of knowing Bradley, a pediatrician accused of molesting patients, posed a threat for years but failing to report him to authorities.


The IRS Has Millions Waiting For Delawareans To Claim.

If you still haven't filed your taxes for 2006,nearly 52-hundred Delawareans haven't, you better do so by April 15th.


DELAWARE: Man pleads not guilty to slaying baby's mom

The man accused of killing his mistress in New Jersey and abandoning their 20-month-old daughter at a Delaware gas station last week pleaded not guilty Monday to murder, kidnapping and other charges.


Delaware inmate found dead in his cell

Thirty-five year old Damian Filkins was found dead in his cell at the Howard Young Prison in Wilmington Saturday night.


Former head of Archives wants to represent Milford

Former Delaware Public Archives head Russ McCabe filed Wednesday to run for the seat being left vacant by Rep.


Home Invasion Robbery.

Newark Police are investigating a Thursday morning robbery. Three University of Delaware students were held up in their Main Street apartment around 7:15 p.m. The victims told police two armed, masked men got into the apartment through an unlocked door.


Delmarva Power prepares for more potential outages

As the fourth major winter storm barrels into the area, Delmarva Power has extra personnel on hand to handle any power outages.


DELAWARE: Man accused in beating of pregnant teen

Members of a street gang called "GLC" kidnapped a pregnant 19-year-old in December 2008 and took her to a Newark apartment where they punched her in the face and kicked her in the stomach, put out cigarettes on her face and held a knife to her throat while telling her she was going to die, according to prosecutors.


DELAWARE: As snow begins, DelDOT warns drivers: 'Plan for the worst'

As light snow began to fall across Delaware this morning, warmer temperatures over the past several days kept the roads from becoming covered.


Delaware crime: Dr. Earl Bradley sex case ignites outrage

This monster does not deserve to have a trial at the tax payers expense. Filming himself violating these kids shows that this animal needs to be put down immediately.


DELAWARE: Markell shows support for slavery apology

DOVER -- Gov. Jack Markell on Tuesday embraced a call for the Delaware General Assembly to apologize for the state's role in slavery.


A New Statewide Plan To Help Delawareans With Their Taxes Is Unveiled.

A new statewide Earned Income Tax Credit Collaboration was unveiled Tuesday morning.


Delaware's Congressional Delegation Announces New Federal Funding.

Nearly $200,000 in gramnt money will be used to rehabilitate the historic Josephine Bakhita House this spring.


February 21, 1777 - John McKinley
John McKinley appointed president of Delaware (1777-April 2, 1778). Born on February 24, 1721 in...
DELAWARE: Cities serve notice: Clear that sidewalk

Delaware's smaller towns are threatening to fine people for sidewalks still covered with snow, while the areas where most people live are giving residents a pass.


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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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