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

Aspermont, Texas News
Aspermont resident to be on NBC's 'Today'

Melissa Morgan and Lance Morgan have lost 65 and 60 pounds, respectively, while competing in the NBC show 'The Biggest Loser.' Melissa Morgan might not be the biggest loser, but she feels like a winner.


West Texas Man Indicted For Killing 51 Bison

A West Texas man has been indicted for allegedly killing 51 bison earlier this year after the majestic animals strayed from their ranch.


Suspect charged in killing of 51 buffalo

Jackie Doyle Hill, 50, of Aspermont, has been charged with a felony in the shooting of 51 buffalo on a ranch near Guthrie around the beginning of the year, but apparently not yet arrested.


Big Country hospitals to merge information

Doctors at four rural hospitals soon will be able to access records regarding treatment of their patients at any of them.


Roper rally to show support for Ned Ward

Ned Ward has been involved in many benefit and memorial roping events for others over the years.


Ward benefit roping today at Expo Center

A benefit roping for Apsermont's Ned Ware, one of the founders of the Senior Team Roping Association, will be held today at the Taylor County Expo Center.


South Plains gets up to 4 inches of snow; schools to check roads early today

Snow accumulations across the South Plains varied generally from 1 to 4 inches Thursday during a daylong winter weather system that was moving to the east and out of this area by the end of the day.


Biggest Loser's Melissa: I Didn't Engage in Game Play

After an Olympic-themed challenge and an intense sixth weigh-in, Melissa Morgan , the 39-year-old attorney from Aspermont, Texas, was automatically sent home after gaining a pound on Tuesday's The Biggest Loser .


New Rural RHIO Aims to Achieve Meaningful Use With Prognosis ChartAccess Comprehensive EMR

Four community hospitals in Texas have taken the bull by the horns to form a regional health information organization that will enable them to experience the clinical and financial benefits commonly associated with electronic medical records .


Internship program to expose students to rural way of life

Students will have the opportunity to get a feel for the country life through a Texas Department of Agriculture internship program facilitated by Gene Theodori, director of the Center for Rural Studies: Research and Outreach at SHSU.


Couple get littler on 'Biggest Loser'

As of the fifth episode of this season's "The Biggest Loser," Lance and Melissa Morgan of Aspermont have lost a combined 86 pounds.


Hometown folks cheering for weight-losing Aspermont couple

Posted February 3, 2010 at 9 p.m. The main drag through Aspermont features a smattering of stores and restaurants.


The Biggest Loser - Melissa

Melissa Morgan, an attorney from Aspermont, Texas, is certainly the biggest loser on the hit show 'The Biggest Loser' - and I'm not referring to weight loss.


Our opinion: No skimping on ethics

One would think that tough economic times may force businesses to cut not only cost but corners, threatening ethical standards that define a quality business in good times and in bad.


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.


Jeanne Jakle: Judson grad competes on 'Biggest Loser'

Hips, hips away to a contestant from S.A.! I just discovered that a woman who grew up in San Antonio is competing on "Biggest Loser: Couples" on NBC.


Winn turns 100

On Jan. 3, 1910, a doctor rode in a click-clacking horse and buggy to answer a house call in Aspermont.


Funerals 12-29-09

Samuel Dyson Arrell, 2 p.m. at Community Memorial Funeral Home with burial at Cedar Hill Cemetery.


The Biggest Loser: The cast for Season 9

You'll see 11 families each of whom will be in teams of 2 at the ranch to transform themselves under the watchful eyes and traumatizing workouts of the fantastic trainers, Bob Harper and Jillian Michaels.


Fairway to freeway: Tax credit for golf cars

Golfer Patrick Gillespie hits out of the trees while playing a round of golf with Jeff Grindstaff Wednesday at the Abilene Country Club's Fairway Oaks Course.


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
 
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
© 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