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Appleton, MN Mortgage Refinance in Minnesota

We make it easy to get the lowest mortgage refinance interest rate in Appleton, MN.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Appleton, MN 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 Appleton, Minnesota 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 Appleton, MN 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
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Refinance Articles

Reasons to Refinance Now
Beat the Subprime Mortgage Crisis 
Understanding Your Credit
Your Interest Rate

" Traditional banks make their customer fit the loan; at Somerset Mortgage Lenders we make our loan fit the customer. "

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Appleton, Minnesota News
Severe Storm Warning for Swift County in Minnesota

THIS STORM WAS LOCATED 5 MILES NORTH OF HOLLOWAY...OR ABOUT 13 MILES WEST OF BENSON...AND MOVING SOUTH AT 22 MPH.


Severe weather passes through western Minnesota

Strong winds and rain fell across west central Minnesota early today. Three inches of rain or more were accompanied by winds that knocked down and uprooted trees in Appleton, Milan, Montevideo and Madison.


You Ask, We Investigate: Child Hurt At Appleton School

A mother of an Appleton student contacted NBC26 upset at her child's school after a winter accident.


You Ask, We Investigate: Child Hurt At Appleton School

A mother of an Appleton student contacted NBC26 upset at her child's school after a winter accident.


Minn. Man Pleads Guilty In IRS Anthrax Scare

A 21-year-old man pleaded guilty to sending a letter containing a white powder and a note mentioning anthrax to the IRS headquarters in Kansas City.

The U.S. attorney's office said Thursday that Jonathan Joyner of Appleton, Minn., admitted to conveying false or misleading information regarding a biological weapon. An IRS worker opened the letter on June 27, 2007.

An envelope was sent to the IRS Fraud Detection Center containing the powder and a letter that said, "Anthrax Breath Deep Pig Ha Ha Ha Ha." The substance was later found to be baby powder.


Strange birds, these pelicans

If you've spent any time on a lake in Central Minnesota this spring, you might have noticed a few more pelicans around the area.


Severe weather rolling into Minnesota

The National Weather Service has issued a severe thunderstorm warning for Swift County in West Central Minnesota until 9:15 a.m. NWS doppler radar has indicated this severe thunderstorm, which has reportedly ...


Pupils win award for their Fairtrade firm

"We were delighted when all three of our companies got through to the finals. "They all delivered an impressive Powerpoint presentation to a large audience which comprised of a judging panel and invited guests."

Award winners - Matthew Harper-Penman, Kate Gardner, Carly Smitten and Alfie Hibbard FAIRTRADE goods from Africa helped one group of pupils from a Benfleet school win an award for their enterprising skills. via This is Southend


Old Man Winter isn't finished with Minnesota just yet

It's late April, but Old Man Winter was showing Friday that he isn't finished with Minnesota just yet. via Minnesota Public Radio


Minnesota River listed among 10 most 'endangered' in U.S.

"By committing to the 90 percent removal goal, we estimate emissions from the site will be reduced to 70 to 90 pounds"

The Minnesota River was named as one of the nation's ten most endangered rivers Wednesday by American Rivers, a national clean river advocacy group based in Washington, D.C. The inclusion of the Minnesota River ... via Finance and Commerce


Appleton building more than a school

"We have had people offer to help, but when you call, they usually don't show up"

Every reading group Linda Cuevas leads in the old auditorium at Appleton Elementary School whisks her back to her childhood. via The Grand Junction Sentinel


Closing time: Tips on wrapping up your case

"You need to show the jury how you've proved your case with admissible evidence."

To move or not to move ? Every trial attorney has his or her own style when it comes to giving their closing argument to a jury. via Minnesota Lawyer


Teacher Layoffs in Appleton

Budget cuts force the Appleton School board to eliminate more than two dozen positions. via WGBA-TV


Letters: At a time of record deficits, tax cuts sound crazy

Are we insane? Feb. 27's Post-Crescent tells us that the city of Appleton is looking at raising the water rate. via WisInfo


Catching the wind

"The small machines have rarely been all that cost-effective unless you're in a remote location where you can't get the power lines"

When Peter Hark walks outside his house, just watching the blades turn on his new wind turbine gives him a sense of satisfaction that has little to do with shrinking his electricity bill. via Star Tribune


Man charged in alleged murder plot

"The letters included instructions and an offer to provide shotguns hidden in the attic of a home in Gregory, S.D.,"the indictment said. "KKtraveled to South Dakota, found the house and shotgun shells but did not locate the guns."

A Bismarck man serving prison time for assault and burglary has been indicted in federal court for allegedly conspiring to have two Bismarck men killed. via BismarckTribune


Inmate indicted over fake anthrax letter sent to IRS in KC

Jonathan Kenneth Joyner just got a lot more to worry about than the remaining two years on his sentence for illegally possessing a firearm. via Crime Scene KC


Actress inspires Appleton community to embrace diversity

"Hear different stories from different perspectives"

Issue date: 1/25/08 Section: News Actress, comedian, and media personality Nancy Giles had the audience laughing and holding hands during her keynote address at the Martin Luther King Jr. via The Lawrentian


Police Standoff With War Vet Ends Peacefully

A nearly 10-hour standoff between law enforcement and a veteran of the wars in Iraq and Afghanistan ended peacefully in the western Minnesota town of Appleton. via WCCO


Appleton standoff ends peacefully

MNAppleton Standoff,0138 Appleton standoff ends peacefully APPLETON, Minn. A nearly ten-hour standoff between law enforcement and a veteran of the wars in Iraq and Afghanistan ended peacefully in the western ... via KXMA-TV Dickinson


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