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

Annville, Pennsylvania News
Police and fire log -3/19

A 25-year-old Wal-Mart cashier is charged with theft by deception for not charging 16 people for items totaling $14,937 during her shifts between November and February.


Letters, Thursday, March 11

Dan Sernoffsky's recent rant about the "evil environmental movement" was a display of his personal spleen and ill will.


Farmers market to remain locally owned

Vendors and buyers walk through the labyrinthine Lebanon Farmers Market on Saturday.


Wind and Rain Damage: Home Collapse

Authorities say it's amazing no one near the scene was hurt. The 600 block of Maclay Street in Harrisburg is closed.


South Annville roads to see repairs

Two major road and bridge projects are a step closer to reality after the South Annville supervisors on Wednesday night approved plans for the township engineer to seek bids for the projects.


Annville-Cleona teachers, staff upset over departure

By all accounts, Lisa Brown was well liked and well respected across the Annville-Cleona School District.


N. Annville OKs outdoor wood burners

After a year and a half in the making, outdoor wood burners are now allowed in North Annville Township.


City man cleared of rape charges

A 31-year-old city man has been cleared of charges that he raped a woman after a night of drinking.


Police blotter - 3/2

A Lebanon man was charged after he crashed his vehicle into a church fence early Saturday morning while fleeing from police.


Driven to pen the Great American Novel

There's an old saying that buried inside every newspaper reporter's desk drawer is a half-written novel.


Police & fire log

CRASH: A vehicle driven by Jose Mercado, 24, of 100 A1 2 Lehman St., Lebanon, struck a parked vehicle owned by Carmella Ferrara, 74 Palm City Park, South Annville Township, at 3:56 p.m. Tuesday in the 200 block of West Main Street, police said.


Red tape holds up demolition in Annville

Annville officials had hoped to have two buildings torn down by the end of last year as part of the township's downtown redevelopment plan.


Annville angered by stray cats' strut

For about seven years, packs of feral cats have been roaming Ron Dowey's West Queen Street neighborhood.


Police & fire log

AUTOMATIC ALARM: Lebanon city fire crews were dispatched to APR Supply, 305 N. Fifth St., at 2:04 p.m. Sunday.


Keller to address Christian men's breakfast

A local man who sold his business so he could serve as a full-time pastor will be the guest speaker for the Lebanon Area Christian Business Men's Connection breakfast March 26.


Police and fire log -2/26

CRASH: A car driven by Matthew Novosel, 21, Lebanon, was traveling south on Thompson Avenue when it left the roadway while negotiating a curve north of Cedar Run Road, and struck and sheared a utility pole at 1:05 a.m. Thursday.


Theft of four-wheelers yields one long prison term

Feb. 23--A 33-year-old man has been sentenced to state prison for stealing four-wheelers in South Annville Township.


Lebanon Paint & Wallpaper celebrates golden anniversary

Lebanon Paint & Wallpaper owner Ben Creamer, left, and employee Cory Vogel, center, show paint samples to Lester Sweigart this week.


Soldier completes basic training

Pvt. Erica N. Rogers has completed basic combat training at Fort Jackson in Columbia, S.C. Rogers, a 2004 graduate of Northwest Pennsylvania Collegiate Academy, is the daughter of Susan Connor and Kevin Rogers, of Erie.


Annville woman pleads guilty in boyfriend's stabbing death

An Annville Township woman accused of fatally stabbing her boyfriend Aug. 20 in their mobile home during a fight, entered a guilty plea to voluntary manslaughter in Lebanon County court Thursday.


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
 
"...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.
© 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