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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

Abilene, Texas News
Elsa Lydia Rabe

Elsa Lydia Velazquez Rabe, age 49, of New Braunfels passed away on Saturday, March 6, 2010.


Abilene cuts costs by reducing number of cell phones issued

Abilene police officer Joel Harris makes a phone call on his city-issued cell phone Tuesday afternoon.


Red alerts in Abilene

Well, the fear mongers are at it again. In 2007, Taylor county received a grant to promote the Homeland Security agenda of red alerts.


Abilene woman's '07 traffic death revisited

Dennis Gloyna thinks a manufacturer's defect led to a fatal car crash involving his wife three years ago, and he has filed a complaint with the National Highway Traffic and Safety Administration.


Abilene Police Blotter 3/16/10

Abilene Police responded to a shooting call in the 1500 block of Barrow early Monday morning, in which someone shot the rear window of a vehicle.


Fire department furloughs to affect fire coverage in NE Abilene

Abilene firefighters confer after responding to an accident involving a motorcycle and a pickup Friday.


Weekend stabbings top Abilene police report

Three people were injured over the weekend in three separate stabbing incidents, Abilene police reported Sunday.


Crime stat comparisons among cities: How does Abilene stack up?

Abilene Police officer Mark Thomas photographs bloodstains on a sidewalk outside of EZ Pawn on Friday after responding to a report of a stabbing.


Abilene census effort for full count kicks into gear

For weeks, Melissa Boisvert has been working to ensure Abilenians stand up and are counted.


Abilene Police Blotter 3/12/10

An Abilene man, accused of robbing a man at gunpoint, was arrested Thursday on suspicion of aggravated robbery.


Jury finds Anderson guilty of murder

A Taylor County jury found Jason Karl Anderson guilty of murder Thursday evening in connection with the 2007 beating death of Michael Myrick.


Abilene leaves the '80s behind with integrated ERP system

About two years ago, the city of Abilene, Texas, faced the choice of either updating or replacing its aging payroll and financial management systems, which dated to the late 1980s.


Abilene's economy shows some positive signs

Encouraging signs are appearing in the Abilene economy, according to Steve Collins, business resource consultant for the Workforce Solutions for West Central Texas board.


Abilene's Big Country Pecan Short Course set for March 26

" Learning the latest management news on Texas' state tree will be the focus of the Big Country Pecan Short Course to be conducted by the Texas AgriLife Extension Service office in Taylor County from 8 a.m. until 4:30 p.m. March 26.


Abilene police blotter 3/11/10

Incident reports released Wednesday by the Abilene Police Department: * Theft, 800 block of Cedar Street, Monday A woman said her vehicle was stolen from her residence by a known suspect.


Five departments respond to blaze; house is destroyed

Merkel Volunteer Fire Department firefighters put out hot spots on the remains of a two-story home that caught fire Wednesday.


Abilene sales tax posts gain after 10-month decline

A string of 10 consecutive months of decline in the city's sales tax rebate has been broken.


Coahoma man pleads in Abilene court

By THOMAS JENKINS Staff Writer ABILENE - A Coahoma man pleaded guilty to a charge of indecency by exposure in Taylor County's 350th District Court last week after being accused of having sex with a 16-year-old Abilene girl in 2007.


A crowded field emerged on the final day of filing for two Abilene City Council seats.

Four new candidates came to City Hall on Monday afternoon to file for spots on the council before the 5 p.m. filing deadline.


Abilene economy listed as 'in recovery'

Abilene and nearly all Texas cities are now recovering from the worst of the recession, according to Moody's Economy.com. The independent research company keeps tabs on all metro areas in the United States, tracking four key economic indicators: employment, single-family housing starts, housing prices and industrial production.


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"...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.
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