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

Call Now

(800) 675-9783

Mortgage Refinance

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all you 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 your area 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 you 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 down payment on your home was less than 20 percent. If your home equity has increased since your purchase, you may have enough equity to eliminate 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  

Local mortgage refinance directory for IN :
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
Advance Amboy Argos Auburn
Akron Amo Arlington Aurora
Alamo Anderson Ashley Austin
Albany Andrews Athens Avilla
Albion Angola Atlanta Avoca
Alexandria Arcadia Attica Avon
Ambia Arcola Atwood

Return to our mortgage refinance page

Call for COMPLETE details NOW!

(800) 675-9783

Indiana News
Video peeping case may be at risk

Recording video underneath women's skirts at a mall might seem like an obvious crime.


Evansville loses 200 jobs in plant shift

A company that makes sealants and adhesives for the automotive and construction industries is closing a southern Indiana factory as it plans to shift production to a Michigan plant.


Tornado siren coverage varies across Indiana

Millions of dollars in upgrades have been made to tornado warning siren networks in many Indiana counties, while others still have little or no such systems.


INDOT installing signals along U.S. 40

Traffic signal improvements to make walking across U.S. 40 safer will be implemented at several intersections over the next few months.


$2M fund to help Hoosier fraud victims

A $2 million program designed to help Hoosiers victimized by white collar crime is the first of its kind in Indiana and the nation, officials said today.


Indiana food drive nets nearly $16,000 in donations

A food drive for Indiana state employees has collected more than 70,000 nonperishable items and raised nearly $16,000 for 110 food banks across the state.


Tale of two cities: Indiana siren coverage varies greatly

Despite bright sunshine and blue skies, tornado sirens blared across Indiana this morning as communities participated in a statewide drill to prepare for severe weather season.


Report alleges Afghan contractor shot Indiana Marine

INDIANAPOLIS - The U.S. Marine Corps' investigation of the February death of an Indiana Marine in Afghanistan concludes that he was fatally shot when an Afghan security contractor hired by an Afghan company allegedly fired shots at a group of Marines.


BMV to make all license plate numbers unique

The Indiana Bureau of Motor Vehicles is dropping its practice of issuing duplicate license plate numbers for different types of vehicles.


United States: 'Take Your Gun To Work' Act Passes Indiana General...

Barnes & Thornburg United States: "Take Your Gun To Work" Act Passes Indiana General Assembly; To Gov.


Impasse over Unemployment Tax on Businesses Continues in Indiana

The full Indiana House returned to the Statehouse on March 10 after a five-day break, but partisan differences remained over an unemployment insurance tax bill as a March 14 deadline for adjournment loomed.


Governor asks Indiana House members to reject health care reform legislation

Submitted by kpaul.mallasch on Tue, 03/16/2010 - 2:42pm. INDIANAPOLIS, IN - The U.S. House of Representatives is preparing to vote later this week on health reform legislation.


Hoosiers square off as health-care vote nears

A few hundred feet of grass separated competing health-care rallies Monday at the Indiana Statehouse.


IHSAA asks Indiana Supreme Court to step into legal dispute over player eligibility

The Indiana High School Athletic Association is asking the state Supreme Court to overturn court rulings that overruled an IHSAA decision on player eligibility.


Daniels: Without recovery, schools face tough 2011

Mitch Daniels warned public schools Monday that they will face an "extraordinarily difficult" state budget next year unless the national economy shows significant improvement by then.


Pence: Not enough votes to pass health care bill

Indiana Rep. Mike Pence told a crowd of "tea party" supporters Monday that Democrats in Congress don't have enough votes to pass President Barack Obama's health care reform legislation - a bill that he warned would bring "job-killing taxes." The third-ranking House Republican addressed a crowd that filled the Indiana Statehouse's south lawn for a ...


Indiana Weather Preparedness Week information

With summer on the way, I would like to share some information provided in a press release to my office from the National Weather Service in Indianapolis about Indiana Severe Weather Preparedness Week, March 14-20. Has the long winter reduced the Indiana tornado threat this year? "Not likely.


Ind. Gov't. - 'Indiana gets an F for public access'

Focus is on Indiana law, and on interesting developments in law, government, and more .


Indianapolis man elected chair of Ind. Commission on Social Status of Black Males

An Indianapolis youth service leader has been elected the chairman of the Indiana Commission on the Social Status of Black Males for 2010.


Indiana government positions surpass factory jobs

INDIANAPOLIS, Ind. - For the first time since before the Civil War - and perhaps ever - more people in Indiana work in government than in all the factories in the state.


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.
Free Rate Quote
 
"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 | Mortgage Glossary | 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 | Testimonials | Employee | Top 100 Mortgage Companies
Equal Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA) ADD YOUR SITE, BOOST YOUR TRAFFIC. Alexa Traffic Ranking
 
close