Astoria, NY Mortgage Refinance in New York
We make it easy to get the lowest mortgage refinance interest rate in Astoria, NY.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Astoria, NY 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 Astoria, New York 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 Astoria, NY 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.
" Traditional banks make their customer fit the loan; at Somerset Mortgage Lenders we make our loan fit the customer. "
Return to mortgage refinance in the state of NY
| Astoria, New York News |
DA: landlord admits to using tenant's personal info for car loan
An Astoria landlord has been charged with stealing the identity of one of his tenants in order to obtain a $32,000 car loan and to open a credit card account that incurred more than $20,000 in debts, including ...
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Guardian Angel Murdered
A crazed homeless criminal lurking outside a Queens woman's house beat and stomped to death a protective neighbor who had come to her aid, police said yesterday.
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Astorian Weekend Edition 04.09.08
Even though fall is here, you can still hang on to summer for a little while longer.
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It's raining rocks in Astoria
On a recent Sunday morning, Loretta Csikortos walked out of her Astoria home on 23rd Street between Ditmars Boulevard and 23rd Avenue, and found her son's red Ford Mustang with a shattered windshield and a ...
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Zapped Amtrak Trespasser Sues
A Queens man who survived an electric shock and fire two years ago when he climbed atop an empty, stopped Amtrak train after a night of bar hopping in Boston is suing the railroad - because Amtrak didn't do ...
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'Id Thief' Landlord $Cammed 50G in Tenant's Name: Da
A Queens landlord assumed a tenant's identity, bought himself a BMW and racked up more than $20,000 in credit-card debt, the Queens District Attorney's Office charged yesterday.
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Landlord Accused of Stealing Tenant's Identity
Prosecutors say a Queens landlord stole his tenant's identity to buy more than $50,000 in expensive goods on credit, including a pricey sport utility vehicle.
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New Dessert Bar on Clinton Street; Kurve's Menu Incomplete
Astoria : El Jamon at 25-51 Steinway has a delicious-looking three-course lunch prix fixe for $12.95. Is that a grilled rib eye?! [ Joey in Astoria ] East Village : Kurve has sort of reopened, but don't expect ...
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Transit Alert: Delays On 4,5,6, N, R, Q Trains
Due to a train with mechanical problems at the 125th Street Station, Woodlawn-bound 4 trains and Eastchester -bound 5 trains are running local between the Grand Central-42nd Street Station and the 125th Street ...
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An Astoria Wine Bar Crawl
Salli welcomes you into the vast world of her New York food obsession. Monday, August 25, 2008 The wine bar/small plate trend has spread to Astoria.
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Queens/Manhattan Crab / Lobster Special All U Can Eat
Queens/Manhattan Crab / Lobster Special All U Can Eat - So I have been set on finding a place in NYC for Lobster all you can eat and crab all you can eat.
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3 charged in Huntington Station prostitution case
Two pimps and a prostitute were arrested at a Huntington Station house Wednesday night after an investigation and surveillance by Second Precinct officers, police said.
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Astorian Weekend Edition - August 21, 2008 By Meg of Joey in Astoria
The Astoria Park Concert Series continues with Gary US Bonds . Show starts at 7:30 p.m. on Thursday, Astoria Park Lawn, Shore Blvd between Hellgate Bridge and the pool.
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Faces & Places: It's time to invest in Bonds - Gary U.S. Bonds
Singer Gary U.S. Bonds will rock the house at 7:30 p.m. Aug. 21 on the lawn of Astoria Park.
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Sun. 8/17 Death Notices
Rose on August 15, 2008. Beloved mother, grandmother and sister. Visitation Sun.
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Dreams bubbling into real business
If you walk past The Little Soap Shop on 36th Street, just off Ditmars Boulevard in Astoria, on a weekday, you will notice that it is closed - but behind those closed doors a passion is bubbling away.
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Astorian Weekend Edition 14.08.08
Although this weekend isn't marked by special events, there's always fun to be had in Astoria and LIC.
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Pols Put Heat On City Biz
In a move critics blast as nanny politicians gone wild, the City Council is about to put the big chill on stores and restaurants by barring them from keeping windows and doors open while running air ...
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Residents Take Stand Against Sexual Predators
People took to the streets Tuesday night in a neighborhood that has seen a series of sexual assaults in recent months that remain unsolved.
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Ride to Summer Streets in Style With T.A.
Planning to bike into Manhattan for Saturday's landmark Summer Streets event? Transportation Alternatives can help everything go smoothly.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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