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

Jackson Heights, NY Mortgage Refinance in New York

We make it easy to get the lowest mortgage refinance interest rate in Jackson Heights, NY.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Jackson Heights, 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 Jackson Heights, 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 Jackson Heights, 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.

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 
Return to mortgage refinance in the state of NY

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Jackson Heights, New York News
the Third Degree

THE Princeton Review's annual student survey regarding the country's best graduate programs found that the City University of New York's School of Law in Queens is the best law program in the nation for older ...


M8 is a dead bus rolling

The Straphangers Campaign urged subway riders to sign a large postcard at the 47-50th Street station on 6th Ave.


Robbery in Queens caught on tape

The N.Y.P.D. has released surveillance video, hoping it will help them catch the three suspects who robbed a restaurant office in Jackson Heights, Queens.


Lending women a hand with small biz loans

After 11 months - and much doubt about its potential for success - a Queens group that lends money to the poorest New Yorkers has hit the $1 million mark.


Many work agencies lie down on the job

As if it's not bad enough being out of work, two reports have found that many job-seekers just can't get a break.


Freedom Fighter or Terrorist? The US Can't Decide about Bangladeshi Immigrant Sachin Karmakar

In the spring of 1971, Sachin Karmakar was a 19-year-old college student who found himself swept up in the short and bloody war that marked the birth of the nation of Bangladesh.


Busy times for brazen boro bank robbers

This Flushing Chase branch was knocked over in June as part of a robbery spree. Police are looking for this man, who is suspected of robbing three Chase branches in Flushing, Jackson Heights and Ridgewood back ...


Fish Soup, Fresh and Cheap, in Jackson Heights

Bargain lunch discovery at Jose's. This week's budget lunch is at Jose Fish Market in Queens, a Korean-owned eatery with a Latin-leaning seafood menu.


'Everyone wants change'

"Sarah Palin [ Images ] is beautiful, but I could not vote for her," said Ram Singh, resident of Queens.


Neighborhood Watch: WaHi Might Know Jack: The Jackson Heights broker who created...

The Jackson Heights broker who created the " Billy Burg, Meet Jack Heights. " and "More Park.


The Broker Who Would Make Jackson Heights The Next Park Slope

Will Michael Carfagna ever transform Jackson Heights into the Park Slope of Queens? "It's going to take someone with deep pockets and with a vision," he said.


Bangladeshi Voting Fever in the Boroughs

He is presently living in exile in Canada after he cried wolf and unable to return home due to absence of democracy, governance, human rights and freedom of expression.


Janice Milusich Publishes First Children's Book

Janice Milusich published her first children's picture/story book Off Go Their Engines and Off Go Their Lights by Dutton Children's Books in June 2008.


Video: Two Guys and a Baby: standing up to those who would stop gay partners from becoming parents

What do you call a white guy and an Asian guy pushing a black baby in a stroller? A family.


Undiscovered New York: Take the 7 train to Latin America

A traveler could spend years exploring the vast region of the globe known as " Latin America ." From the picturesque colonial villages and indigenous cultures of Mexico, to the caipirinhas and Amazon rainforest ...


Council Candidate Fund-Raises Against 'Old Guard'

Although City Council Member Helen Sears of Queens is no longer term-limited , City Council candidate Alfonso Quiroz is proceeding with his campaign for her Jackson Heights seat.


The Round-Up: Wednesday

Even with pending Congressional hearings on the financing of Yankee Stadium, the federal government rules tax exempt bounds may be issued to finance the Yankees, Mets, and Nets sports arenas.


Daisy Martinez Gets Giddy Over Latin Eats

For lunch at home I made "lentil soup with Argentine chorizo I get from a butcher in Jackson Heights, Don Francisco." Photo: Melissa Hom Brooklyn-born Latin chef Daisy Martinez modeled, acted , and prepped ...


Man sentenced for 2001 beating death of gay man

A former Queens resident who fled to England following the savage beating death of a 35-year-old gay Jackson Heights man in 2001 has been sentenced for the murder.


COMMENT

Edgar Garzon's Killer Sentenced At first glance, David Benkof appears to be a young gay man who believes that same-sex marriage will damage the institution of marriage, that there are better options for gay ...


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.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)