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

Anson, Texas News
Trevino - Jiminez

Rosemary Trevino and Joe Jiminez were united in marriage on February 19, 2010. Rosemary is the daughter of the late Fredia Trevino.


Around the Big Country

Small business workshop: The Texas Tech Small Business Development Center will conduct a free eBay workshop from 4 to 6 p.m. Tuesday in the Texas Tech conference room on the sixth floor of the Enterprise Building at 500 Chestnut St.


Betty Womack Benham

Betty Womack Benham, 84, died Tuesday, February 23, 2010 at Hendrick Medical Center.


Weather prompts cancellations, delays

Nellie Doneva/Reporter-News Kandace Cooper, left, and Dustin Tuerk, right, walk their two dogs Kush and Boss early Tuesday morning, Feb.


Light cameras help the flow of traffic

True or False? Those cameras that you see above the traffic lights are red light cameras? False.


Harper Valley... - Jeannie C. Ri...

Best known for her international crossover hit "Harper Valley P.T.A.," Jeannie C. Riley was born Jeanne Carolyn Stephenson in Anson, TX, where she developed a love of country music as a girl.


Right Time Right Place Postwar encounter led ex-schoolmates to altar

The former Gerry Beasley grew up on a farm outside the tiny town of Anson, Texas, about 150 miles west of Fort Worth.


Wylie, Abilene ISD delay classes today

Temperatures dipped just below freezing Thursday night, which may have created some slick spots where snow lingers on Big Country roads this morning.


Around the Big Country

Bake sale: The Anson High School Class of 2010 will hold a bake sale from 8 a.m. to 1 p.m. Saturday at Lawrence Bros.


From L.A. to Anson: Hoopster Gray makes the change

He stands 6-foot-8 and weighs 300 pounds, but he'd rather read a book than do anything else.


Big Country teacher salaries are low

Cooper High English teacher Greg Rake conducts class on Wednesday at Cooper. Teacher salaries in the Big Country are among the lowest in the state, according to a teacher salary schedule released this week.


MizCheevus: First to wish you a Happy New Year

Santa came, ate the cookies, left no forwarding address but did leave some exchangeables.


Cowboy Christmas

Devon Dawson and her husband, Chuck Dawson, enjoy the moment during the Texas Cowboys' Christmas Ball in Anson on Dec.


Around the Big Country

Tour and parade: A Tour of Business will be held from 4:30 to 6:30 p.m. Saturday in Anson.


Patsy Jo Henry

Patsy Jo "Pat" Henry left this world to be with her Lord and Savior on December 1st, 2009 at the age of 75.


Harry Garvin

Reverend Harry Burton Garvin, Sr., 71, of Cisco passed away November 25, 2009. Services will be Sunday at 2:00 PM at the Cisco First Baptist Church with Reverend James Hampton officiating.


Earl McCaleb

Earl McCaleb, 92, longtime Anson civic and church leader, decorated WWII veteran, and a recipient of Sports Illustrated's 1963 Silver Anniversary All-America Award, died Monday, November 23 at his home in Abilene.


Eddie Leon Sheppard

Our beloved Eddie Leon Sheppard went to be with his Lord and Savior on November 22, 2009 in Lubbock.


Six people arrested in drug raid in Hawley

Six former Abilene residents were arrested on drug charges Friday in Hawley. During the bust, law enforcement officers seized 558 grams of methamphetamine and a small amount of marijuana.


Winnie Hortense

Winnie Hortense Harden, 82, passed away Friday, Nov. 13, 2009, in Granbury. Graveside service: 1:00 p.m. Sunday at Hamlin Cemetery East in Hamlin, Texas.


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