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 TX

Call for COMPLETE details NOW!

(800) 675-9783

Abernathy, Texas News
Man reunites with mother after 25 years in Abernathy

Lubbock, TX Almost a quarter-century ago, Child Protective Services took three children away from their mother in Brownfield and after all this time part of the family was reunited in Abernathy.


Abernathy meth ring leader pleads guilty

An Abernathy man has pleaded guilty to his role as the leader in a major methamphetamine trafficking organization.


Hour-long standoff near Abernathy ends with taser use

Lubbock County Sheriff's deputies used a stun gun on a reportedly suicidal teenager after an hour-long standoff near Abernathy.


LaRita Laurine Myatt

LaRita Laurine Myatt, 69, of Haskell, passed away on Sunday, March 7, 2010. A funeral service will be held on Wednesday, March 10, 2010 at 2:30 p.m. at the First United Methodist Church, with Rev.


Joe B. Thames

Funeral services for J.B. Thames, of Lubbock will be at 2 p.m. on Monday, March 8, 2010 at Oakwood Baptist Church with Pastor Marcus Murphy officiating.


Fire destroys Abernathy home, one woman hospitalized

LUBBOCK, TX Fire investigators say an overloaded extension cord is to blame for an accidental afternoon house fire in Abernathy.


Maxine Gouldy

Services for Maxine Gouldy, 79, of Lubbock, will be at 10 a.m., Tuesday, Feb. 9, 2010 in Sanders Memorial Chapel, with the Reverend Paul Crooks officiating.


Weather updates

A power outage shut down the city landfill near Abernathy on Friday. Poor weather conditions also prevented solid waste trucks from operating.


ENGAGEMENT: ECKHARDT - TULLIS

Mr. & Mrs. Steve Eckhardt of Helotes, TX, are proud to announce the engagement of their daughter, Kaela Lauraine Eckhard, to Rusty Del Tullis, son of Mr.


Harold Drew McCune

Memorial services for Harold Drew McCune, 89, of Abernathy, Texas, will be held at 2 p.m., Wednesday, Jan.


Blacksmith recalled as magic shop

Dorothy Jo Boggus remembers her grandfather's blacksmith shop as a magical place at a time when horses could be found tethered to a hitching post three blocks east of where the George H. Mahon Federal Building is now.


Sparks Vincent Redinger

Sparks Vincent Redinger was born on Dec. 22, 1952 to Nell Marie and Quentin Redinger in Olton, Texas.


Updated: Gas line explosion near New Deal injures one

Just after 3 p.m., a gas line explosion occurred just northeast of New Deal at FM 2902 and CR 5400.


Fire destroys New Deal home and family's Christmas presents

Lubbock, TX After losing almost everything in a morning fire, a New Deal family says they will start to pick up the pieces when the sun comes up Wednesday morning.


Family returns home to find house burned north of Lubbock

A Lubbock county family appears to now be homeless after a house fire late Tuesday morning.


Wartsila Wins Major Contract to Supply Equipment for 170 MW Power Plant in Texas, USA

Wartsila, a leading supplier of flexible power plants for the decentralised power generation market, has been contracted to supply a 170 MW gas-fired power plant to be installed in Antelope Station, located near Abernathy, Texas, USA.


$200 million power plant for Texas Panhandle

An Amarillo-based utility has announced plans for a $200 million power plant in Hale County.


Lott - Eaton

Jordan Paige Lott and Brent James Eaton were united in Covenant Marriage, Saturday, June 20, 2009 at Beltway Park Baptist Church in Abilene, TX where the couple met and worshiped.


Glenn Reagan

Services for Glenn Reagan, 90, of Abernathy, will be held at 2 p.m. Friday, October 30, 2009, in the Abernathy Church of Christ with David Bennett officiating.


Six agencies battle fire near Abernathy

Six local agencies battle a grassfire north of Lubbock. The fire broke out about three miles north of the Lubbock County line on Farm to Market 2825.


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