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
Alachua Alva Apopka Astatula
Alford Anna Maria Arcadia Astor
Altamonte Springs Anthony Archer Atlantic Beach
Altha Apalachicola Argyle Auburndale
Altoona Apollo Beach Aripeka Avon Park
Alturas

Return to our mortgage refinance page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Florida News
Florida execution success portends more deaths

Although the new procedures may allow Florida's executions to begin ramping up, the lessons won't necessarily apply to other states - like Alabama, Ohio and Tennessee - that still face various legal challenges ...


Fla. Hurricane Inspections Ahead Of Schedule

Florida will soon stop accepting applications for a state program that provides residents with free home inspections to learn about possible wind resistance upgrades.


Seminoles may be forced to halt games

It may be only a matter of time before the Seminoles are under legal threat to shut down their new high-stakes card games and Las Vegas-style slots.

Legal experts say they have at least 15 days to figure out their next move. That's how much time they have to ask the Florida Supreme Court to reconsider its Thursday decision that Gov. Charlie Crist's compact to allow the card games and Las Vegas-style slots is an unconstitutional exercise of his power.

If the justices decide not to take up the case again, their Thursday order goes into effect. There are a number of possibilities after that.


Report: Miami's charities No. 1 in financial success
The financial practices of Miami's charities ranked first in the nation, according to Charity Navigator's annual study of charities in 30 metropolitan markets nationwide. Miami's overall score of 58.37 bested San Diego's 57.90. San Diego had ranked first for the past three years. Last year, Miami ranked third and, in 2003, it ranked last. According to the report, Miami's charities have reduced spending on overhead and fundraising, and increased spending on programs. Its largest charities report median fundraising expenses of 8.2 percent, ranking 21st in the nation, down from 8.7 percent last year. They also report median administrative expenses of 8.4 percent, ranked fifth, down from 9.3 percent. The city's philanthropic marketplace is also the fastest growing in the nation, reporting a median 12.8 percent annual revenue growth rate and a 12.7 percent program expense growth rate. This is compared to the 6.6 percent revenue growth rate and 6.1 percent program expense growth rate exhibited nationally by charities.
Crist Signs Bill That Expands Florida's Domestic Violence Laws

Gov. Charlie Crist has signed a bill that expands Florida 's domestic violence laws to cover dating relationships.


Florida agrees to add Powerball to lottery options

Lottery officials say Florida will add the national Powerball game to its portfolio in January.


Melbourne ticket wins $1.6M Mega Money jackpot

I'm 56, a native and resident of Sanford and a 6th generation Floridian who has covered and played Florida Lottery games since the first scratch-off tickets went on sale at 12:01 a.m. Jan.


Mosquito-borne West Nile virus could attack Florida again, officials warn

Remember the West Nile virus? Dozens of Florida residents used to get sick from West Nile every summer after being bitten by infected mosquitoes.


Suspected Lorain shooters arrested in Miami

Two men wanted in a pair of shootings in Lorain last month were arrested together Tuesday morning in Florida.


Loggerheads Official Florida Saltwater Reptile

The loggerhead sea turtle became Florida's official saltwater reptile on Tuesday .


Father Arrested In Death Of 1-Year-Old

A man was arrested Friday in the death of his 1-year-old daughter, Sanford police said.


Florida Drivers License Concerns

The company that makes Florida's driver's licenses is up for sale and one of the potential buyers is a company partially owned by the French government.


Man who killed 11-year-old boy faces execution today

Florida is preparing to execute its first person in nearly two years tonight. Barring any last-minute legal moves, Mark Dean Schwab, 39, is to be executed by lethal injection at 6 p.m. Schwab was condemned to ...


Fla. businesses sue over Cuba travel law

More than a dozen Florida-based travel agencies and charter companies sued their state on Monday to block a new law that would make it more expensive for them to book trips to Cuba.


AdWatch: A lone lawmaker doesn't "pass" bills

AIRING: Eighteen states -- Alaska, Colorado, Florida, Georgia, Iowa, Indiana, Michigan, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Pennsylvania, Wisconsin and ...


Rare ghost orchid back at southwest Florida park

A rare ghost orchid spotted in a southwest Florida nature preserve last year is back.


Energy, Insurance, Budget Laws Effective Tuesday

Florida 's law books are about to get thicker. Dozens of new laws go into effect Tuesday.


S. Florida water district discusses sugar deal

South Florida Water Management District board members are set to discuss last week's announcement that the state will be acquiring all of U.S. Corps' land for Everglades restoration.


Woman slain while helping police was fatally shot

A death certificate states that a 23-year-old woman helping Tallahassee police with a narcotics investigation died from "multiple gunshot wounds." The Florida Department of Law Enforcement declined comment to ...


Proposed license plate: 'Hispanics discovered Florida'

Honk if you love Hispanics.

A license plate that touts 'Hispanics Discovered Florida' may soon join the 109 specialty tags drivers can choose from.

The idea to celebrate the contributions of Hispanics came from National Hispanic Corporate Achievers, a Longwood group that sponsors minority job fairs. The plate would become a fundraising tool to support job and mentorship programs.

Danny Ramos, the group's president, said the tag's message is about cultural pride for Florida's 3.6 million Hispanics -- even if not all of Latin American or Spanish descent identify with the term.


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.
 
"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
© 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)