Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

FL Mortgage Refinance in Florida

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

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

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. "
Local mortgage refinance directory for FL :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Kathleen Key Colony Beach Key West Killarney
Kenansville Key Largo Keystone Heights Kissimmee
Key Biscayne

Return to our mortgage refinance page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Florida News
3 NE Florida Counties To Get Storm Assistance

As Federal Emergency Management Agency damage assessment teams continue to identify damage from Tropical Storm Fay, five south and central Florida counties became eligible to receive individual federal ...


Florida Dems urge greater Obama outreach to Jews

Florida politicians attending the Democratic National Convention here are warning that Barack Obama faces deep hostility in certain Jewish communities and that the campaign might not be doing enough to counter ...


Mega Money Winner Finally Claims Prize

Florida lottery officials said Thursday that Kirby Sapp turned in the winning ticket from a February Mega Money drawing just hours before it would have expired.


Bounty hunter says he thinks Caylee dead, mom hid body

The celebrity bounty hunter who helped orchestrate the release of Casey Anthony, whose 3-year-old daughter has been missing since mid-June, said that he plans to revoke her bond and now believes that she ...


Autopsies complete on 4 bodies found off Keys

Authorities say they have completed autopsies on four bodies found off the Florida Keys last week, but haven't determined a cause of death for any of the men.


Florida poll: Gay marriage no, offshore drilling yes - what does that do to tourism?

Hit by a bad economy and election-year politics, Gov. Charlie Crist's popularity is starting to fade a bit, according to a new poll.


Crist Puts Judge Canady Of Lakeland On High Court

Gov. Charlie Crist today appointed Charles T. Canady of Lakeland to the Florida Supreme Court.


A room with Baloo? Florida Hospital offers glimpse of Disney Children's Hospital

A rendering of Disney Children's Hospital. There are video games in the patients' rooms and familiar Disney characters, including a 6-foot Baloo the bear, in the lobby.


Prosecutors seek to slash Abramoff prison term

The Justice Department on Wednesday recommended a dramatic reduction in the prison sentence of imprisoned lobbyist Jack Abramoff, who became the key witness against lawmakers and congressional aides he spent ...


Crist Helps Felons Vote

Gov. Charlie Crist made it easier for felons to vote Wednesday, but advocates questioned why he waited so long.


Florida primary will set congressional races

Republicans finally have a candidate to try to take back the congressional seat they lost after the Mark Foley scandal in an election Tuesday that otherwise lacked excitement.


Ex-Gov. Bush grades Fla. lawmakers in report card

As governor, Jeb Bush graded Florida's schools and now he's grading state lawmakers.


Barry: Close encounters on the convention floor

This is actually a lot harder than what Lewis and Clark did. Yes, they had to cross thousands of miles of hostile wilderness surviving on pine needles and squirrel jerky.


New poll: McCain lead widens slightly in Florida

A new poll shows Barack Obama trailing John McCain 47 percent to 43 percent in Florida, even as Obama spent millions in the state trying to introduce himself on local TV, while McCain has yet to spend a dime.


Republicans eying Mahoney's congressional seat

Republicans have been waiting almost two years to try to take back the congressional seat they lost after Rep.


Chasing Kids With Knives= Just A Joke?

A South Florida teenage girl has been arrested on an aggravated assault charge after police say she chased children with knives.


Charges expected to pose little threat to Alaska Sen. Stevens in primary

Ted Stevens, the longest-serving Republican in Senate history, faces six challengers Tuesday in Alaska's primary, but his recent indictment on corruption charges poses little threat to Stevens' quest for the ...


Fla. rejects State Farm homeowners rate request

Florida insurance regulators Monday rejected State Farm's request to boost rates by an average of 47.1% on its homeowners policies in the state.


Fay's remnants soak drought-parched South

The remnants of Tropical Storm Fay spread over a wide swath of the South on Monday, bringing heavy rain and wind from Georgia to Louisiana that many hoped would help land parched for months by drought conditions.

Floridians, meanwhile, continued to mop up floodwaters created by the storm that stuck around for a week and made a historic four landfalls, dumping more than 30 inches of rain along the central Atlantic coast. Republican Gov. Charlie Crist, dressed in blue jeans and a golf shirt, helped an elderly woman out of a boat that had taken her from her inundated home.


Tropical Storm Gustav Approaches Haiti, Cuba

Haitians were told to prepare for evacuations as Tropical Storm Gustav formed quickly Monday in the Caribbean on a path to hit _ as a hurricane _ the country's denuded southern coast before moving on to Cuba, ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...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.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)