Athens, TN Mortgage Refinance in Tennessee
We make it easy to get the lowest mortgage refinance interest rate in Athens, TN.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Athens, TN 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 Athens, Tennessee 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 Athens, TN 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 TN
| Athens, Tennessee News |
Mayfield cuts jobs, tough economy felt in East Tennessee
When Darren Phipps opened The Spice of Life cafe nine months ago in Athens, the brand of ice cream he'd serve inside was a no-brainer. "We've only been here a couple years, but Mayfield is this area.
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Mayfield Dairy to cut about 100 workers
Mayfield Dairy officials say the company is cutting about 100 workers from its distribution centers in an effort to drive down the cost of milk.
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Creek contamination signs re-posted
New signs have been posted along Oostanaula Creek that warn against wading, swimming or fishing because of contamination with fecal bacteria.
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Fire ants find their way to Athens
An insect invasion has made a mess for one McMinn County park and officials say the recent rain could be to blame.
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News, Weather and Sports for Chattanooga and the Tennessee Valley
Submitted by Jason Law on August 28, 2008 - 5:09pm. News McMinn County News Some visiting teams have come to play in the Athens Regional Park, and these little guys aren't here for Soccer.
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New signs, old problem along creek in Athens
State officials say new signs warning of bacteria in an East Tennessee creek don't indicate the water quality is getting worse.
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Ants shut down athletic fields at East Tenn. park
ATHENS, Tenn. - An invasion of fire ants following heavy rains in East Tennessee has shut down all athletic fields at the Athens Regional Park.
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Dean Foods share rise on analyst note
Shares of Dean Foods Inc., parent of Mayfield Dairy in Athens, Tenn. rose Friday after an analyst raised his estimate for third-quarter earnings, citing a government report that milk prices should go down next ...
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Athens: Man dies in fiery crash this morning
A single-car wreck this morning on Decatur Pike at Interstate 75 has claimed the life of a man in Athens, Tenn., according to officials.
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Fatality In Vehicle Fire In McMinn County
Dispatchers with the Athens Police Department have confirmed to NewsChannel9 that a person has died following a wreck and vechicle fire.
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Chattanooga: 1-181st honored for service in Iraq
When national guardsman Joseph Clark left for Iraq in June 2007 as part of the deployment of the 1-181st Field Artillery Battalion, his son, Timothy, was 5 feet tall.
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Industrial Realtors Market Land, Buildings To Volkswagen Suppliers, Others
From WDEF News 12 Industrial Realtors Market Land, Buildings To Volkswagen Suppliers, Others Auto parts suppliers serving Volkswagen's new plant will create thousands of jobs.
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Chattanooga: 181st honored for service in Iraq
Staff Photo by Shane McMillan Brig. Gen. Max Haston makes a presentation at a ceremony honoring the 1-181st Field Artillery Battalion in the Chattanooga Choo-Choo convention complex today.
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Child Murder Appeal Upheld
The state Court of Criminal Appeals has upheld the ruling of a trial court in Athens, which threw out a confession in a child rape and murder case.
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One dead in McMinn wreck
A four-car accident in McMinn County on Sunday left one dead and five injured according to Sgt.
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Venable: A study of two solutions
As students return to class in Knox and surrounding counties, here's a tale of two schools, two oak trees and two remedies.
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Chattanooga: Shoppers delist fresh vegetables, or try farmers' markets
As Tasha Hall and James Talley moved through the aisles of a Chattanooga grocery store this week, the contents of the couple's shopping cart looked a little different than it did a few years ago.
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Denso Manufacturing Athens Tennessee Receives Commissioners Award of Excellence
' Tennessee Department of Labor & Workforce Development Commissioner James Neeley announced DENSO Manufacturing Athens Tennessee was chosen to receive the Commissioner's Award of Excellence for Workplace ...
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Beast that set off gator hunt is apparently fake
' It looked like a gator, but the creature spotted in a murky pond may have more to do with pigskin than alligator hide.
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Home for Sale in Decatur, Tennessee
Description: Tri-level stone and frame. 4 bedroom with living room, den with rock fireplace and build in one wall book shelves, formal dining room, kitchen, laundry room, two car garage with utility room.
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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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