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NC Mortgage Refinance in North Carolina

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, NC 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 North Carolina 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 NC 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 
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. "
Local mortgage refinance directory for NC :
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
Aberdeen Alliance Ararat Atlantic Beach
Advance Almond Arden Aulander
Ahoskie Altamahaw Ash Aurora
Alamance Andrews Asheboro Autryville
Albemarle Angier Asheville Avon
Albertson Ansonville Atkinson Ayden
Alexander Apex Atlantic Aydlett
Alexis Arapahoe

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North Carolina News
Darfur Art exhibit paired with Schwa Show at Greenville's Emerge Gallery through September
Darfur Art exhibit paired with annual Schwa Show at Greenville's Emerge Gallery. Through September, The Emerge Gallery and Arts Center in Greenville will host the exhibition- "15 for Darfur" It can be viewed in the %th street Gallery (AKA the stairwell) while the Schwa show will be hosted in their main gallery space. "15 for Darfur" is composed of 15 works on canvas and a bronze monument that exploit the race killings in Southern Sudan that continue in Darfur. Plaques with eyewitness testimonies hang beside "pop art" depicting everything from rusted cars, to Einstein and coupled with photographs of victims that have been contributed by the actress turned activist, Mia Farrow. The creator of "15 for Darfur", Kilian, is a resident of Columbia NC. He has shown his art exhibit in Coffee shops, used clothing stores, college campus's and now within art Galleries. " I want to bring Darfur to the heart of our communities, Darfur has seen the face of evil, the least we can do is extend them the dignity to be heard" - explains Kilian. " I have purposely composed the exhibit so those that really don't want to digest the reality of Darfur can do so, however, If you look a little closer, watch out, it might just change how you view the world and yourself!" While the exhibit runs through September 28th, Kilian will be preparing to travel to the border of Darfur this late fall to provide humanitarian aid. Kilian's full proceeds of Canvas' sales go directly to relief aid and commissioning of the exhibit's bronze monument will build a hospital is Southern Sudan bordering Darfur. Artist reception on Friday September 5th, 6-9pm for both the Schwa and "15 for Darfur" Emerge Gallery is located at 404 Evans Street in Greenville NC Tuesday-Friday: 10:00am - 9:00 pm Saturday: 10:00am - 4:00pm Sunday: 1:00pm - 4:00pm Online Exhibit at www.kilianstudio.com call Emerge Gallery at (252) 551-6947
Preps Now Focus On Three Southeastern Counties

North Carolina's preparedness plans for Hanna are now concentrated on three southeastern counties.


Doctor: Violent shaking caused NC baby's death

A doctor says a North Carolina infant that died in June 2006 had a skull fracture and bleeding in his brain after he was violently shaken.


Tropical Storm Hanna Kills 137

The death toll from Tropical Storm Hanna has jumped to 137 in Haiti - and residents in the US are bracing themselves for its onslaught as a hurricane.


Senate Democrats will push bipartisan drilling bill when Congress returns

Democratic leaders in the Senate plan to push a bipartisan energy proposal that would allow for some expansion of offshore drilling when Congress returns next week from a five-week recess.


Easley Budget Adviser Going To Golden LEAF

Gov. Mike Easley's longtime chief budget adviser is the new president of a foundation that doles out some of North Carolina's tobacco settlement money.


Hanna's path headed for North Carolina on Saturday

Tropical Storm Hannah is following a track that brings it ashore near the North Carolina-South Carolina border on Saturday morning then shows it marching through Eastern North Carolina.


Dole calls Hagan 'fibber Kay'; origin of moniker uncertain

Republican Sen. Elizabeth Dole, trying to defend herself from a bevy of Democratic ads attacking her effectiveness, is on the airwaves with a negative spot of her own that depicts her rival as little more than ...


Air quality alert issued for Triad

RALEIGH For the second day in a row, state air quality officials have issued an ozone alert for parts of North Carolina.


Pottery feud divides NC town of Seagrove

Craig Kovack shapes a jug at Kovack's Pottery in Seagrove, N.C., Tuesday, July 22, 2008.


Almost half in U.S. will get knee arthritis: study

WASHINGTON - Nearly half of U.S. adults will develop painful arthritis of the knee, a leading cause of disability, and hospitalizations for the condition are soaring, researchers reported on Wednesday.During ...


Ike grows to major hurricane, Hanna strengthens

By Joseph Guyler Delva

PORT-AU-PRINCE (Reuters) - Hurricane Ike strengthened rapidly into a major Category 3 hurricane in the open Atlantic on Wednesday and Tropical Storm Hanna intensified to a lesser degree as it swirled over the Bahamas toward the southeast U.S. Coast.

Hanna's torrential rains had already submerged parts of Haiti, stranding residents on rooftops and prompting President Rene Preval to warn of an "extraordinary catastrophe" to rival a storm that killed more than 3,000 people in the flood-prone Caribbean country four years ago.


Almost 3,000 Drivers Busted For DWI

North Carolina officials say almost 3,000 motorists were arrested for drunken driving during a two-week law enforcement campaign.


Drug Reduces Vomiting, Hospital Admissions In Children With Gastroenteritis, Study Finds

Gastroenteritis is an infection, often caused by a virus, that causes vomiting and diarrhea.


National Weather Service posts rip current warning

The National Weather Service has issued a rip current warning for the North Carolina and Virginia coasts.


NC air quality officials issue ozone advisory

North Carolina air quality officials have issued an ozone advisory for several areas in the central portion of the state.


Read the story

North Carolina's Court of Appeals has dismissed all charges against a man serving at least 44 years in prison in connection with a Durham home invasion.


Republicans, hurting for campaign cash, defend Dole, Sununu in their first TV ads of season

The spots are an indicator of priorities during a tough year for the GOP, with the party lagging in fundraising and resigned to losing seats in the Senate.


Trans fats linked to pre-cancerous colon growths

NEW YORK (Reuters Health) - A high intake of trans fats could increase colon cancer risk, according to new research published in the American Journal of Epidemiology.

People who ate the most trans fatty acids were more likely to have pre-cancerous growths or polyps in their colons than those who consumed the least, Dr. Lisa C. Vinikoor of the University of North Carolina in Chapel Hill and colleagues found. "These results provide further support for recommendations to limit consumption of trans-fatty acids," they conclude.


Warrants May Be Released In Death Of Cary Mother

A judge could release sealed documents Tuesday in the death of a North Carolina woman whose husband said she disappeared earlier this summer while jogging.


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