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Frankton, IN Mortgage Refinance in Indiana

We make it easy to get the lowest mortgage refinance interest rate in Frankton, IN.

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

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 IN

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Frankton, Indiana News
Tragedy helps people remember, help out

In May of 2005, Jessica King and her friends were at her Mom's house in Frankton.


Thumbs up, thumbs down

Thumbs down: To absent property owners who ignored neighbors' pleas to clean up their lawns this summer.


Nov. 7: Arrest Log

He is being held without bond. - Madison County sheriff's deputies arrested Andrew J. Kroeker, 41, of the 7500 block of West 500 North, Frankton, at 11 a.m. Friday in the 7500 block of West 500 North on ...


: Everling found guilty in molestation

It took a jury of eight women and four men slightly more than four hours Thursday to find a former Elwood resident guilty of sexually abusing a girl.


Oct. 28: Halloween Happenings

The mall provides 300 pumpkins for decorating for children 12 and under, a costume contest for children 12 and under starting at 6:30 p.m. Night Stalkers will have live snakes, spiders, rats and other creatures ...


Oct. 22: Halloween Happenings

Prizes and open mic. - Friday: Annual Haunted Open Gym - Anderson Gymnastics and Cheer, 2700 Indiana Ave.


Oct. 20: Arrest Log

He is being held without bond. * Elwood police arrested Mitchell R. Sites, 29, of the 400 block of North Fifth Street, Elwood, at 1:55 a.m. Monday in the 2500 block of North A Street on suspicion of battery, a ...


Oct. 19: Arrest Log

Bond is $5,000. * Anderson police arrested John W. Jackson, 20, of the 2600 S. Capital Ave., Indianapolis, on suspicion of possession of marijuana, a Class A misdemeanor, and illegal possession or consumption ...


EDITORIAL: Change ACS to keep students from moving

Monday's story about the enrollment of Anderson Community Schools taking a plunge doesn't bode well for the community.


Leach school class of 1954 reunites

Women from Leach School who graduated from the eighth grade in 1954 met recently for their first reunion in Frankton.


Waymire anniversary

William and Zona Waymire celebrated their 50th wedding anniversary on Sept. 13 at the Edgewood Country Club.


Oct. 3: Arrest Log

Bond is $3,000. - Lapel police arrested Jeremy B. McClintick, 22, of the 16000 block of East 196th Street, Noblesville, at 2:20 a.m. Friday at the Madison County Jail on suspicion of operating a vehicle while ...


Traylor, Rodewald to wed

Greg and Angie Traylor of Montgomery announce the upcoming marriage of their daughter, Amanda Leigh, to Craig Michael Rodewald, son of Dr.


Thumbs up, thumbs down

Thumbs up: To the 591 newly registered voters and 1,131 residents who have updated their addresses in Madison County since Aug.


: Voter registration deadline looms

With two and a half weeks until time runs out to register to vote, the Madison County voter registration office is working hard.


Good, but not good enough

STANDING ROOM: Holden's Garth Tander takes the chequered flag in front of the Stadium grandstand, which will undergo major changes to improve viewing opportunities for next year's Hamilton 400.


Fewer tickets but better Hamilton V8 views

Hamilton V8 organisers will cap daily crowd numbers at 50,000 next year, despite gaining permission to push that number out to 80,000. At this year's inaugural event the daily limit was 60,000, but there were ...


Poker run set

The second annual Chad Hittle Poker Run is set for Saturday in Westfield. The poker run raises money for scholarships to give to Hamilton County students who plan to study fire science in college.


10 p.m.: Frankton council adds inspection fee

Frankton residents having repair work done to their water lines will now see a $50 city meter inspection fee.


Andersontown Powwow starts Saturday

Wapiminskink. Chank-tun-onn-gi. Sokpehllak. The legacy of the American Indian way of life is everywhere in Madison County, although it may not be obvious.


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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
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