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

Jeddo, MI Mortgage Refinance in Michigan

We make it easy to get the lowest mortgage refinance interest rate in Jeddo, MI.

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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Jeddo, Michigan News
Big Three bailout gets no support

Auto industry representatives are making their case for federal assistance in Washington.


CHURCHES' CORNER

The Father William F. Welch Council will have a memorial Mass at 5 p.m. today in St.


Recipients need better manners

We'll start today's column with a different topic: bridal and baby shower etiquette.


GOP office in business downtown

Hope you're enjoying this beautiful Sunday. I know I am. What's on your minds? Talk to me: No Name: 'I just want to say that the Republican Party has not pulled out of Michigan.


Caller balks at Tomion's new role

The political comments will come. Let's start with some other topics. Talk to me: No Name: 'Regarding Tomion's appointment to the Blue Water Bridge Project: I understand that man has been involved in that ...


Cub Scouts, moms enjoy annual event

The Cub Scouts were out participating in typical scouting activities this weekend.


Touring down on the farm

Looking to escape city life for a day? The 2008 St. Clair County Farm Tour is your answer, providing a tour of six county farms with educational tours and information available at each site.


Callers take issue with abortion

Don't forget, tonight the Times Herald is sponsoring Politics with a Pulse from 6 to 8 p.m. at Studio 1219, 1219 Military St.


Lifetime of teaching

CROSWELL -- Donna Hall has brought a feeling of home to the hallways of Croswell-Lexington High School for more than four decades.


Death Notices

Joy Elizabeth Jones, infant Margaret E. Kinney, 83, Smiths Creek Joseph M. Kramer, 89, Harbor Beach Dorothy Sue Krause-Murray, 71, Port Huron Township Zachary Jeffrey-Lee London, 18, Port Huron Pamela M. ...


Apple crop ready for picking

'It's a good day when you can make that first drop of cider,' Charles Ruthruff said.


Livonia Woodcarvers cut it up

The Livonia Woodcarvers are a "happenin' " group, as evidenced by the recent show held at Livonia's K of C Hall on Middlebelt, Aug.


Callers split on victim of fireworks

TalkBack's phones are ringing. Our first two callers have differing views on efforts to help Byron Payne, who was badly injured in a fireworks accident.


Charges sought in Tuesday crash

Charges of reckless driving and resisting police are being sought against a woman accused of causing a car accident that closed Interstate 94 for about an hour early Tuesday, St.


Death notices received Thursday

Mary Anne Carichner, 76, Clifford Philomena M. Falls, 99, Lexington Ruth Ann Gaval, 83, Greenwood Township Angelita Hess, 84, Capac Edward L. Jackson, 51, Lexington Austin M. Katz, 73, Fort Gratiot Charles R. ...


4-H kids flock to fair

Stephanie Priemer refuses to form an attachment with her two pigs. Nor does she name them.


4-H kids flock to fair

Stephanie Priemer refuses to form an attachment with her two pigs. Nor does she name them.


Churches Corner Local Events

CROSWELL -- A rummage sale is planned from 9 a.m. to 5 p.m. today in the church, 7 S. Howard St.


City loves its parade

Seeking refuge from the incessant sun, clumps of parade-goers gathered Wednesday evening in the slowly moving shade.


Bolting from the chute

Strange kind of an athletic contest: You can barely see the start, most of the action takes place away from land, and it's hard to tell who the winners are when it's over.


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 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.
© 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)