Somerset Mortgage Lenders 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

TN Mortgage Refinance in Tennessee

We make it easy to get the lowest mortgage refinance interest rate in TN.

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

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 
Understanding Your Credit
Your Interest Rate

" Traditional banks make their customer fit the loan; at Somerset Mortgage Lenders we make our loan fit the customer. "
Local mortgage refinance directory for TN :
Adams Allardt Antioch Arthur
Adamsville Allons Apison Ashland City
Afton Allred Ardmore Athens
Alamo Alpine Arlington Atoka
Alcoa Altamont Arnold A F B Atwood
Alexandria Andersonville Arrington Auburntown

Return to our mortgage refinance page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Tennessee News
TVA Seeks Power Hike At Alabama Nuke Plant

The Tennessee Valley Authority has asked nuclear regulators to allow a 15-percent increase in electricity output from three reactors in northern Alabama.

AT&T To Offer New Video Services With $400 Million Tennessee Investment

Comcast and satellite providers already offer cable TV in Chattanooga, and now local residents will apparently soon be able to choose from AT&T and EPB as well.

Forestry officials worried about holiday wildfires

KNOXVILLE - The woods are tinder dry in East Tennessee and foresters are concerned that fireworks could start wildfires.

Bredesen testifies Ford requested TennCare enrollees for contractor

Gov. Phil Bredesen testified this morning that former state Sen. John Ford asked him for 20,000 enrollees for United American Healthcare Corp., a TennCare contractor also known as OmniCare.

TDOT clears the highways of construction for 4th

Tennessee transportation officials promise an open road ahead for Fourth of July travelers.

Tennessee felons want voting rights back

Tennessee is on track this year to double the number of felons who saw their voting rights restored, a sign some experts and ex-offenders say demonstrates an eagerness to vote in November's historic ...

Florida execution success portends more deaths

Eighteen months after Florida botched its last execution, its new lethal injection procedures resulted in what appeared to be a smooth and peaceful death for child killer Mark Dean Schwab.

Paul House will be released today

Paul Gregory House will celebrate the Fourth of July at home this Friday thanks to an anonymous donor who sent his mother the $10,000 bail needed for his release from state custody.

Extension of Unemployment Benefits Approved

' The US Senate approved legislation June 26, extending jobless benefits. In a 92-6 vote, the Senate approved the Supplemental Appropriations Act, 2008; part of that package temporarily extends unemployment ...

Tennessee Road Construction Halts For Holiday

Road construction won't slow travelers through Tennessee this July 4 holiday weekend.

Fate of DCS workers' jobs still uncertain

Medicaid rule changes that were expected to cost Tennessee $73 million in federal funds have been rolled back by Congress, but it's not clear if they will help state children's workers from being laid off.

AT&T Files For Statewide Video Franchise In Tennessee

AT&T as expected filed an application Tuesday in Tennessee for a statewide certificate of franchise authority to offer video services under a recently passed franchise-reform law.

Dueling ads pressure Congress on Medicare

Two powerful health trade groups will begin airing dueling ads this week in their fight over Medicare, hoping to influence Congress as lawmakers face pressure to reverse scheduled cuts in doctor fees.

Tenn. woman accused of dragging husband to death

Tennessee police are investigating a brutal dragging death. The Wilson County Sheriff's Department says a father of triplets was killed after he was dragged by a sport utility vehicle driven by his wife.

Chief Justice Delays Supreme Court Retirement

Tennessee Chief Justice William M. Barker is delaying his retirement date to keep the high court fully occupied while his replacement is selected.

Illegal immigrant pleads guilty to rape of 12-year-old

An illegal Mexican immigrant will be deported after he serves an 18-year sentence for raping a 12-year-old girl, according to a state prosecutor.

Libertarians say Ohio, Tenn. ballot law too strict

The Libertarian Party has filed lawsuits in Ohio and Tennessee against what it says are unconstitutionally restrictive ballot-access laws.

Police to crack down on secondary route this weekend

Tennessee law enforcement agencies will focus on aggressive and impaired drivers on U.S. Route 70 going into the Fourth of July holiday weekend.

Laws on home-based care, cable to take effect Tuesday

A measure to offer Tennessee's elderly more home-based care options and another that seeks to create statewide TV cable franchising are among laws that will take effect Tuesday.

State slow to take guns from felons

Four months after it was brought to light that the state had been renewing handgun permits to felons without checking their backgrounds, none of the permits has been collected and the state just last week ...

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.
home | 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
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)