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

MN Mortgage Refinance in Minnesota

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

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

Refinance Articles

Reasons to Refinance Now
Beat the Subprime Mortgage Crisis 

Local mortgage refinance directory for MN :
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
Wabasha Warroad Wendell Winona
Wabasso Warsaw West Concord Winsted
Waconia Waseca West Union Winthrop
Wadena Waskish Westbrook Winton
Wahkon Watertown Wheaton Wirt
Waite Park Waterville White Earth Wolf Lake
Waldorf Watkins Willernie Wolverton
Walker Watson Williams Wood Lake
Walnut Grove Waubun Willmar Woodstock
Waltham Waverly Willow River Worthington
Wanamingo Wayzata Wilmont Wrenshall
Wanda Webster Wilton Wright
Wannaska Welch Windom Wykoff
Warba Welcome Winger Wyoming
Warren Wells Winnebago

Return to our mortgage refinance page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Minnesota News
Todd Palin to visit Minnesota

The husband of Alaska Governor and vice presidential candidate Sarah Palin will visit the Iron Range and northwestern Minnesota this week.


Ex-legislator Allan Spear, gay Minn. pioneer, dies

Allan H. Spear, a former Minnesota state senator who was one of the nation's first openly gay legislators, has died. He was 71.

He died Saturday of complications after heart surgery performed Thursday, said Don Jorovsky, a longtime friend who used to work for Spear.

Spear, a member of the Democratic-Farmer-Labor Party _ Minnesota's version of the Democratic Party _ was first elected in 1972 and was state Senate president from 1993 to 2000, when he retired. He was the first non-attorney to lead the Senate Judiciary Committee.


Pull tabs not paying off for Minn. charities

Charitable groups across Minnesota are continue to report disappointing sales numbers on pull tabs.


Experts look at lessons of Minn. bridge collapse

Experts gather at the University of Minnesota this week to talk about the lessons of the Interstate 35W bridge collapse.


Minnesota Voters Alliance v. City of Minneapolis

Wednesday, 8 October 2008, 2:00 pm Press Release: Kathy Dopp IRV Challenge - Press Announcement & Court Hearings Press Release Minnesota Voters Alliance v. City of Minneapolis Erick G. Kaardal, counsel for the ...


In southern Minn., anti-bailout vote doesn't hurt

The race for Congress in Minnesota's 1st District was supposed to revolve about immigration or gas prices.


Solar Tour This Weekend In Minn.

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.


Deadline nears for 35W bridge collapse fund claims

People seeking compensation from the special fund established by the Legislature to compensate victims of the I-35W bridge collapse must submit their claim by Wednesday, Oct.


Energy Costs

Governor Pawlenty announced today that $10 million is now available for micro-energy and conservation home improvement loans to help Minnesotans save on energy costs.


Show offers introduction to work of documentary photographer Gordon Parks

From the streets of Harlem to the pitiful slums of Brazil, Gordon Parks focused his lens - and his life - on subjects that many people would prefer to ignore.


Politicians Getting Rid of Petters Donations

Several of Minnesota's most prominent politicians from both parties are returning donations from businessman Tom Petters or donating the money to charity.


State's quarterly economic update expected to be grim

Grim news is expected when the state of Minnesota releases its quarterly economic update Friday.


Minnesota / Voters divided on outdoors, arts tax

A new poll shows a split among voters on a proposed state constitutional amendment to raise the sales tax to fund outdoors and arts programs.


Minnesotans asked to be fire aware

The state fire marshal is asking Minnesotans to change their behavior as a way to reduce residential fires.


USDA allows 'split status' for bovine TB in Minn.

The U.S. Department of Agriculture on Thursday announced "split state status" for bovine tuberculosis in Minnesota, a move that's expected to help most of the state's producers by lessening costly testing ...


Minnesota Visiting Nurse Agency Announces Public Flu Shot Clinics

Minnesota Visiting Nurse Agency: WHO: The nonprofit Minnesota Visiting Nurse Agency is announcing its 2008 public flu shot clinics.


Editorial: Minnesota voters often reject attacks

Polls and history advise candidates to stay positive. Last update: October 6, 2008 - 7:11 PM The Monday midday headlines at StarTribune.com made for a disconcerting juxtaposition.


Minnesota May Hold Back On Buying Bird Flu Drugs

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.


2 women missing in NE Minnesota

Searchers are looking for two missing hikers in northeastern Minnesota. The Cook County sheriff's office says the two women left Ely last Friday on the Kekakabic Trail.


Woman gets nearly 13 years in fatal Minn. crash

A woman who initially lied about her identity and still denies driving a van that slammed into a school bus, killing four children, was sentenced Wednesday to nearly 13 years in prison.


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.
home | 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
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)