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Alachua, FL Mortgage Refinance in Florida
We make it easy to get the lowest mortgage refinance interest rate in Alachua, FL.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Alachua, FL 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 Alachua, Florida 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 Alachua, FL 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.
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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 FL
| Alachua, Florida News |
Police arrest 32 for street-level drug sales
Published: Monday, October 6, 2008 at 4:48 p.m. Last Modified: Monday, October 6, 2008 at 4:48 p.m. More than 30 people were arrested over the weekend after the Alachua County Sheriff's Office launched a ...
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City of Alachua and GRU bills
The city of Alachua is now caught up on its Gainesville Regional Utility bills. Assistant General Manager for Strategic Planning, Ed Regan, says the bills were paid as of last Wednesday.
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How Wall Street intersects your street
Published: Wednesday, October 1, 2008 at 1:00 a.m. Last Modified: Wednesday, October 1, 2008 at 12:51 a.m. Like an office flu that starts at the coffee machine and spreads around the cubicles, the credit crunch ...
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ONI BioPharma Inc. Licenses Unique Gene Targets for Colorectal Cancer
ALACHUA, FL, September 29 / MARKET WIRE/ -- ONI BioPharma Inc. announced today that it has entered a Collaboration Agreement with a major international diagnostics company regarding ONI's unique biomarkers for ...
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Tech incubator signs two firms
Since opening in May, the Gainesville Technology Enterprise Center , located on the east side of Gainesville, has grown to 20 employees with an average salary of $43,000 and has found two companies to put into ...
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Couple thwarts robbery attempt
Published: Monday, September 29, 2008 at 5:39 p.m. Last Modified: Monday, September 29, 2008 at 6:54 p.m. A 64-year-old woman and her 63-year-old husband teamed up to thwart a would-be robber at their home ...
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Bank robbery is followed by robbery at nearby hotel
A High Springs bank robbery followed less than two hours later by an armed robbery at a Gainesville area hotel had officers scrambling across Alachua County on Friday.
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Federal aid available in Alachua after Tropical Storm Fay
Published: Friday, September 26, 2008 at 7:53 a.m. Last Modified: Friday, September 26, 2008 at 7:53 a.m. Federal aid due to Tropical Storm Fay is being expanded to several Florida counties, including Alachua, ...
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Around the Region for Sept. 24
Published: Tuesday, September 23, 2008 at 11:39 p.m. Last Modified: Tuesday, September 23, 2008 at 11:39 p.m. Man with samurai sword is Tasered Police used a Taser on a man found with a samurai-style sword and ...
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Genealogy Query - HARRELL
A woman named Judy who gave birth on November 2, 1987 in Gainesville FL at Alachua General Hospital to a healthy daughter.
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Florida lawyers overwhelmingly recommend retaining one Florida...
Florida lawyers overwhelmingly recommend retaining one Florida Supreme Court justice and 23 district court of appeals judges in office, according to results of The Florida Bar's biennial merit retention ...
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Panic at the pump
People in Lake City and throughout North Central Florida scurried to gasoline pumps Thursday afternoon and early Friday after an unwarranted rumor of a spike in prices was spread.
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Peyton: Gouging Accusations "Unfounded and Unfair"
The state is conducting 200 price gouging investigations in just Northeast Florida, but stations are putting the blame on their suppliers.
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Comets soar into Solar Walk orbit
Published: Saturday, September 13, 2008 at 6:01 a.m. Last Modified: Sunday, September 14, 2008 at 12:41 a.m. Scientists speculate that asteroids crashing to earth caused catastrophic changes - species ...
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St. Michael's celebrates 50 years of highs and lows
Published: Friday, September 12, 2008 at 9:09 p.m. Last Modified: Friday, September 12, 2008 at 9:09 p.m. St.
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Alachua Co. sets record with 39 Merit semifinalists
Published: Wednesday, September 10, 2008 at 6:01 a.m. Last Modified: Thursday, September 11, 2008 at 12:39 a.m. Alachua County public schools have a bumper crop of National Merit semifinalists this year, ...
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Founder reflects as Sonny's turns 40
Sonny's Real Pit Bar-B-Q founder Sonny Tillman poses at his original location on Waldo Road in Gainesville on Aug.
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Alachua Deputy Arrested For DUI
Authorities said an Alachua County sheriff's deputy has been charged with driving under the influence in Gainesville.
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Heart of the river
Published: Wednesday, September 3, 2008 at 6:01 a.m. Last Modified: Thursday, September 4, 2008 at 1:34 a.m. An Alachua Conservation Trust plan to preserve nearly a mile of Santa Fe River shoreline deserves ...
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Severe lightning hits area
Published: Thursday, August 28, 2008 at 9:46 p.m. Last Modified: Thursday, August 28, 2008 at 9:46 p.m. A "significant weather alert" has been issued for central Alachua County for excessive lightning until 10 ...
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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