Somerset Investors Corp. 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

Oxon Hill, MD Mortgage Refinance in Maryland

We make it easy to get the lowest mortgage refinance interest rate in Oxon Hill, MD.

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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Oxon Hill, Maryland News
View the whole story

Down and out, unemployed and struggling to keep up with school, the lottery might sound like a long shot.


Oxon Hill Fire is Investigated

A firefighter detected a strong odor of a structure fire while standing on the front ramp of his Fire/EMS Station on Monday afternoon.


Prince George's police hold funeral for abandoned baby

Prince George's County Police Department Lt. Michael Straughan, commander of the homicide unit; Sgt.


Police Investigate Rush Hour Murder in Oxon Hill

Prince Georges county police are investigating a fatal shooting that occurredat the height of Wednesday evening rush hour in Oxon Hill.


County executive removes south county school replacements from priority list

Prince George's County lawmakers are considering slashing the amount of money they will seek from the state for school construction by $49 million this year because of the current economic climate.


Murder charge fugitive found

Alabama police on Tuesday arrested a 20-year-old man wanted in connection with a mid-summer Waldorf killing.


Oxon Hill Man Arrested In Alabama In Homicide

Required fields are marked with an asterisk The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications.


Kennedy, Walker, Walls Win in Cockeysville; Johnson Bout Called Off

The Jonathan Odgen Foundation Benefit card at Martin's Valley Mansion in Cockeysville, MD was buoyed by three solid all-Beltway bouts.


Frederick, home of the first U.S. president? Well, sort of

America's first president might be George Washington, but Frederick historians are quick to point out one of their own was the first president of the United States.


Loiederman Soltesz wins environmental awards

Awards recognizing strong environmental land development and building protection programs were presented on Oct.


Card Complete for Jonathan Ogden Foundation Benefit in Cockeysville

The card has been put together for the Jonathan Ogden Foundation benefit on Thursday, October 30 at Martin's Valley Mansion in Cockeysville, MD.


Parents say they feel like they're being punished for promoting learning at home

When Toneah Jones of Oxon Hill wanted to enroll her daughter in a pre-kindergarten program this year, she ran into an unlikely problem - the girl is too young and too advanced to be admitted.


FREDERICK: Home to first US president, sort of

Frederick, Md. - America's first president might be George Washington, but Frederick historians are quick to point out one of their own was the first president of the United States.


Prince George's 3A/2A/1A: Hughes, Gwynn Park Rush Right Past Potomac

Gwynn Park's first-year starting quarterback, Lavaughn Hughes, sloshes past Potomac defenders for some of his 124 yards rushing on his way to a touchdown in the second quarter in Oxon Hill.


Prince George's Receives State Aid to Prosecute Predatory Lenders

Prince George's County announced Tuesday that it has received state aid to help fight predatory lending and protect homeowners.


Driver in Custody After Hit-and-Run

A pedestrian was seriously injured in a hit-and-run collision late Tuesday night, and police have driver in custody in connection with the crime.


Maryland Firefighters Make Third Floor Rescue

Prince Georges County Firefighter/Medics from the Marlow Heights area were alerted to a fire in a 3-story condominium at about 5:30 PM.


Wild ride ends with SUV slamming into house

Three people are hospitalized after an SUV went on a wild ride and plowed into an Oxon Hill home.


ABC 7 News - One Dead, Four Injured in Two Vehicle Crash

One person is dead and several others were injured after two vehicles crashed in Oxon Hill Thursday night.


SUV Crashes Into Home, Injures 3

Officials say an SUV crashed into an Oxon Hill home Wednesday, critically injuring at least three people.


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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
© 2006 Somerset Investors Corp. All rights reserved.
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)