Alexandria, IN Mortgage Refinance in Indiana
We make it easy to get the lowest mortgage refinance interest rate in Alexandria, IN.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Alexandria, IN 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 Alexandria, Indiana 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 Alexandria, IN 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.
" Traditional banks make their customer fit the loan; at Somerset Mortgage Lenders we make our loan fit the customer. "
Return to mortgage refinance in the state of IN
| Alexandria, Indiana News |
Lois Rockhill: Things are tough all over
Greg Graham joined us for a Madison County pantry meeting this month. Greg is chairman of the Board of Public Works in Anderson.
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Joyce Ann Teague, 79
YORKTOWN - Joyce Ann Teague, 79, passed away Sunday, August 24, 2008 at the Waters Nursing Home in Yorktown after an extended illness.
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Coverage of local schools' opening day continues
New principal Scott Deetz asked these students to give him a 'thumbs up' if they remembered their school bus number from the morning.
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Aug. 21: Arrest Log
Bond is $35,000. - Madison County sheriff's deputies arrested Marcus A. Branch, 18, of the 600 block of North 18th Street, Lafayette, at 4 p.m. Thursday at the Madison County Jail on suspicion of two counts of ...
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Aug. 19: Madison County food inspections
Reports from the Madison County Health Department, based on recent inspections of restaurants and other places that serve food.
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Oak Ridge Boys coming to Hoosier Park
Last month at the Madison County 4-H Fair, concertgoers to the Woody Wright & Friends show were treated to the thrill of a lifetime.
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: City Council approves COIT
In a unanimous vote, the Anderson City Council approved a resolution to increase a countywide income tax.
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County 4-H baker honored for Candyland cake
During opening ceremonies at the 2008 Indiana State Fair, Madison County 4-H member, Jessica Means, of Frankton, was honored by receiving the Best of Show 4-H Exhibit Hall Project Award for her "Candyland" cake ...
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: Indy man injured in cycle crash on Ind. 28
An Indianapolis man was seriously injured Wednesday after losing control of his motorcycle along Indiana 28.
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: Alexandria board mulls meeting change
The Alexandria-Monroe School Board could soon begin meeting on a different day of the week.
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Aug. 7: Local Births
A boy to Michel A. and Jennifer Johnson, Anderson, Aug. 1. A boy to India Starr Jones and Jason Abbott, Middletown, Aug.
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Monday's Delaware County arrest log
MUNCIE - Law enforcement agencies in Muncie and Delaware County jailed 12 people Monday.
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Severe thunderstorm warnings issued for Delaware, Madison, Randolph counties
MUNCIE - The National Weather Service has issued a severe thunderstorm warning for western Delaware and northeastern Madison County until 10:30 p.m. Friday.
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July 31: Local Births
A boy to Santa Cruz Montano and Godinec Fausto, Anderson, July 28. A boy to Darrell and Kelli McLemore, Greenwood, July 29.
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: 4-H Fair ends on high note
Adios, elephant ears. So long, corn dogs. Happy trails, giant pork tenderloins. It will be another year before we meet again at the fairgrounds.
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July 26: Class reunions
AMHS Class of 1978 scheduled The Alexandria class of 1978 is hosting its 30-year reunion with activities on Aug.
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THB starts new series on Aug. 4
Beginning Monday, Aug. 4, The Herald Bulletin will launch a new weekly series called On Your Street.
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July 26: Jottings
Fitz family hosts foreign exchange student The Rick and Laura Fitz family of Anderson will welcome a new "son" into their home for the 2008-09 academic year.
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July 24: Arrest Log
She has since been released. * Anderson police arrested Danny Lee Allen, 43, of the 2800 block of Crystal Street, Anderson, at 10:43 p.m. Wednesday in the 3000 block of Main Street on suspicion of public ...
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July 24: Arrest Log
She has since been released. * Anderson police arrested Danny Lee Allen, 43, of the 2800 block of Crystal Street, Anderson, at 10:43 p.m. Wednesday in the 3000 block of Main Street on suspicion of public ...
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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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"...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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