Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Purchase Refinance Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement
Search Somerset:
Print this page    E-mail this page

Call Now

(800) 675-9783

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.

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 PA

Call for COMPLETE details NOW!

(800) 675-9783

Allentown, Pennsylvania News
US Labor Department's OSHA fines Allentown, Pa., company for failing to abate workplace safety and health hazards

The U.S. Department of Labor's Occupational Safety and Health Administration has cited COMPUSPAR USA Inc.


Two arrested after Allentown shooting, one man hospitalized

Two men were arrested early Monday after a burglary and shooting in an Allentown row home that sent a man to the hospital, police said.


Allentown slaying suspect's alibi: He said he was with Elvis

A scream, an earring and a missing Elvis helped Allentown police determine when a 19-year-old city woman was strangled Friday, where she was strangled and who committed the crime, police said.


Allentown parking authority worker stabbed in garage

An Allentown Parking Authority employee was stabbed in the back Monday while working in the Linden Street parking garage, police said.


Justin Bieber Coming To The Allentown Fair9:44 am EDT March 16,2010

ALLENTOWN, Pa.; -- Pop/R&B singer-musician and teen sensation Justin Bieber will be making a stop at The Great Allentown Fair on Saturday, September 4th.


Allentown, Pa. Man Admits Posing as FBI Agent

A 39-year-old Allentown man, once a fugitive, has pleaded guilty in federal court in Philadelphia to a charge of impersonating a federal agent.


W.A.S.P. Cancels Allentown Show

Tonight's W.A.S.P. concert at the Crocodile Rock Cafe in Allentown, Pennsylvania was reportedly cancelled by the artist.


Retired Allentown Fire Chief Dies5:19 pm EDT March 14,2010

Friends and family are mourning the loss of a former Allentown Fire Chief tonight.


Allentown officials block release of forester's reports, saying work on South Mountain is ongoing

A taxpayer-paid forester's reports and correspondence on harvesting trees on South Mountain are not public because the work is ongoing, Allentown city officials say.


Allentown woman charged in toddler's death

An Allentown woman has been charged with involuntary manslaughter in the 2009 death of her 14-month-old son who died after a bedroom dresser fell on him while his mother allegedly left him and a sibling alone in an apartment for more than two hours.


The Morning Call, Allentown, Pa., Road Warrior column: Cell ban not an easy call

Q: I read an interesting article recently on cell phones and driving. It cited a study concluding that using a cell phone while driving is not a major cause of auto accidents.


Police Investigating Suspicious Death In Allentown

Allentown police are investigating a suspicious death in the 900 block of N 5th Street this evening.


Dad charged in shooting death of Allentown boy, 8

Jose Alvarado put a loaded handgun in a backpack that held his 8-year-old son's video games, authorities say.


The Morning Call, Allentown, Pa., Watchdog column: Family tries to flush its sewage woes

Mar. 11--Surely you've heard the saying about excrement flowing downhill. The Heller family of South Whitehall Township is living it, literally and politically.


Pa. jury awards $95M in case of killer nurse

Did Corey Haim have a prescription for death? Addiction expert Dr. Julie Holland, NBCa TMs Maria Menounos and former child actor Danny Bonaduce weigh in on the death of teen idol Corey Haim.


Accident shuts Route 22 between 15th Street and Seventh Street in Allentown area

Traffic backs up minutes ago on Route 22 at 15th Street, in Allentown, while near the Macarthur Road / Seventh Street interchange, there are no cars on the eastbound lanes.


Court papers: Mother on errands, son died at home

An Allentown woman left her two toddlers locked in a bedroom for several hours in November while she ran errands, returning to find her son crushed by a 160-pound dresser that fell over, authorities said.


Hellertown woman is charged with bilking Allentown firm

A Hellertown woman who supplied workers to an Allentown company overbilled the firm by $4,400 for their services last year and kept the money for herself, according to a police arrest affidavit.


Allentown woman, whose 14-month-old died when allegedly left alone, is charged

An Allentown woman is charged with involuntary manslaughter for allegedly leaving her 14-month-old son alone for more than two hours when a dresser fell on him and he died, Lehigh County District Attorney James Martin announced this morning in a news conference at Lehigh County Courthouse.


Standoff In Allentown Ends With An Unexpected Arrest

A standoff in Allentown ends with an arrest. but not the one police were expecting.


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.
Free Rate Quote
 
"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.
Home | Mortgage Glossary | 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 | Testimonials | Employee | Top 100 Mortgage Companies
Equal Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA) ADD YOUR SITE, BOOST YOUR TRAFFIC. Alexa Traffic Ranking
 
close