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.
Return to mortgage refinance in the state of NC
| Asheboro, North Carolina News |
Lexington man escapes deadly wreck
Published: Tuesday, June 30, 2009 at 11:18 p.m. Last Modified: Tuesday, June 30, 2009 at 11:18 p.m. A Lexington man was involved in a wreck that killed an elderly couple on U.S. Highway 64 West Tuesday afternoon.
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Bus Services Extended To NC Zoo 58min
The Piedmont Authority for Regional Transportation said it plans to begin bus service to the North Carolina Zoo in Asheboro.
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Mother, 38, dies in motorcycle accident
A 38-year-old mother of two died this weekend when her motorcycle ran off the road.
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Ribbon Cutting/Open House Set for Richard Petty Education Center
A Ribbon Cutting Ceremony and an Open House have been scheduled for Randolph Community College's new Richard Petty Education Center in July.
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Stop Yields 20 Pounds of Marijuana
A vehicle stop on Murdocksville Road near Pinehurst Tuesday resulted in the seizure of 20.5 pounds of marijuana and the arrest of two individuals.
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Habitat For Humanity Hosts Car And Bike Show
The roar of the road hogs will fill the streets of Asheboro this weekend. Habitat For Humanity of Randolph County is holding a car and bike show on Saturday, June 27, 2009 at the ReStore.
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Summer Sizzle
Talk about bringing summer in with sizzling style. Today and Saturday could mark the most stifling days of 2009 as highs in the High Point area reach into the mid- to upper 90s with excessive humidity.
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Illegal-immigrant college ban reviewed
The State Board of Community Colleges' Policy Committee has seven members: Attended: Dr.
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Welcome: Teenager receives Civitan scholarship
Published: Friday, June 12, 2009 at 5:00 a.m. Last Modified: Thursday, June 11, 2009 at 5:16 p.m. Congratulations should go to Shana Harmon, who was awarded the Welcome Civitan scholarship for this year.
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Newspaper Carrier's Home Burns an Hour After He Is Robbed, Shot
Less than an hour after a newspaper carrier was beaten, robbed and shot while changing a flat tire, his home "suspiciously" caught fire, killing many of the family's pets.
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Police: Body Found In Cemetery Died Of Natural Causes
Police are wrapping up a case after medical examiners determined a man found in a cemetery died of natural causes.
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Sheriff: Asheboro Man Shot While Changing Flat Tire
Deputies are looking for three men accused of shooting a man in the stomach while he was changing his tire.
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Woman Disappears From Asheboro Retirement Home 19min
The Randolph County Sheriff's Department issued a silver alert on Sunday for a woman missing from a retirement center.
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Second Man in Asheboro Armed Robber Arrested
An Asheboro man has been arrested in connection with an armed robbery in Level Cross.
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Baseball: HiToms blank Asheboro 3-0
Published: Thursday, June 11, 2009 at 5:00 a.m. Last Modified: Thursday, June 11, 2009 at 12:50 a.m. Taylor Lasko scattered seven hits as the HiToms shut out the Asheboro Copperheads 3-0 in a shortened Coastal Plain League game Wednesday at McCrary Park in Asheboro.
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15 Lbs Of Marijuana, Cash Found In Asheboro Home
Fifteen pounds of marijuana, four firearms with ammunition, drug paraphernalia and nearly $10,000 was seized from two Asheboro homes, according to the Randolf County Sheriff's Department.
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Ford column: Summer starts soon
Summer vacation starts Thursday, and it arrives with some pressure for parents. We want our kids to have a summer they will remember, with the right mix of relaxation, excitement and enrichment.
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Job Fair Hosted For Hairstylist
JCPenney is hosting a Salon Job Fair on Monday, June 8 at the Hanes Mall salon. The Company is seeking to hire a total of more than 50 part- and full-time hairstylists for the Asheboro, Burlington, Greensboro, High Point, Hickory, Salisbury, Statesville, Wilkesboro, and Winston-Salem stores.
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Police: Officers Shoot Man Armed With Assault Rifle 1hr
Asheboro police officers who were attempting to serve a search warrant Wednesday evening shot a man after he confronted them with an assault rifle, police said.
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BusinessHospital Hires Former Resident
Geary Community Hospital announced Tuesday the hiring of Harold Marion Jr. of Asheboro, N.C., as director of marketing, effective June 8. He succeeds Pamela Shelite, who now works at Fort Riley.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"...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.
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