Somerset Investors Corp. 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

TX Mortgage Refinance in Texas

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

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

Local mortgage refinance directory for TX :
Abbott Alice Angleton Arthur City
Abernathy Alief Anna Asherton
Abilene Allen Annona Aspermont
Ace Alleyton Anson Atascosa
Ackerly Allison Anthony Athens
Addison Alpine Anton Atlanta
Adkins Altair Apple Springs Aubrey
Adrian Alto Aquilla Austin
Afton Alvarado Aransas Pass Austwell
Agua Dulce Alvin Archer City Avalon
Aiken Alvord Argyle Avery
Alamo Amarillo Arlington Avinger
Alanreed Amherst Armstrong Avoca
Alba Anahuac Arp Axtell
Albany Anderson Art Azle
Aledo Andrews Artesia Wells

Return to our mortgage refinance page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Texas News
Cornyn asks Justice Department to investigate voter-registration group

U.S. Sen. John Cornyn called Tuesday for a nationwide criminal investigation into recent voter-registration efforts by ACORN, a grassroots group.

The Association of Community Organizations for Reform Now has been at the center of a political firestorm. Voter-registration lists submitted by the group included Mickey Mouse and the Cowboys' starting lineup.

Cornyn, R-Texas, sent U.S. Attorney General Michael Mukasey a letter Tuesday asking the Justice Department to investigate ACORN - long a political target of Republicans - as a "criminal enterprise."

ACORN officials say that they are required to turn in all applications but that workers mark them as "good," "incomplete" or "suspect" and let election officials determine whether the registrations are legal.

"Sen. Cornyn is making an allegation, as all the other allegations have been made," said Derrick Richardson, an ACORN field organizer in Fort Worth. "As far as I know, there's no substance to the allegation."

"We have stringent quality control," he said. "We are our own whistle-blowers. We normally verify each card . . . and when we find something is wrong, we let [election officials] know there is a problem with those cards."

Republicans have linked ACORN to Democratic presidential nominee Barack Obama, a former community organizer, while Democrats are suggesting ties to Republican presidential nominee John McCain.

S. Texas sheriff indicted on federal drug charges

FBI agents arrested a South Texas sheriff at his office Tuesday after he was indicted on drug charges alleging he was involved in a large-scale cocaine and marijuana smuggling operation.

Perry removes TYC from conservatorship

Gov. Rick Perry removed the state's troubled youth prison system from conservatorship Tuesday and appointed a new executive commissioner.

Woman gets life in prison for killing 4 in Texas

A jury has convicted a woman of capital murder for the shooting and beating deaths of four people in suburban Houston in 2003.

Texas death row inmate set to die Tuesday for child's slaying

LIVINGSTON, Texas - Alvin Kelly doesn't deny he committed a murder and deserves a prison cell.

Pilot, Photographer Die In News Helicopter Crash

A Houston television station's helicopter crashed while covering breaking news in Montgomery County on Monday, KPRC Local 2 reported.

Montgomery County sheriff's deputies said KTRK-Channel 13's helicopter went down along F.M. 1488 near Magnolia, Texas, at about 11 a.m.

Smoke could be seen rising from the burning wreckage.

The helicopter was flying over the scene of shooting that resulted from a police chase. It crashed about five miles from that scene.

The station said a pilot and a photographer were on board. The station has not said if they were injured nor released their names.

The cause of the crash is under investigation.

UT relents, will permit political signs in dorm windows

AUSTIN _ Students at the University of Texas at Austin will be allowed to put up signs in their dormitory windows starting today, officials said -- one day after two students were barred from registering for ...

Whiskey distillery in Waco?

Chip Tate hopes to join the ranks of fewer than a dozen distillers operating in Texas by producing whiskey with a regional flair.

Clovis man indicted in 2 murders

A 21-year-old Clovis man has been indicted on two counts of first-degree murder in connection with the shooting deaths of a Melrose man and a Texas woman.

Norbert weakens to tropical depression over Mexico

PUERTO SAN CARLOS, Mexico - Norbert dissipated into a tropical depression over the northern mountains of mainland Mexico on Sunday, after ripping off roofs and forcing thousands to seek shelter in Baja ...

Recovery, ruin visible in Texas a month after Ike

A month later, piles of Sheetrock, appliances, furniture and family mementos dot most streets in this island town.

A bald eagle has escaped from a South Texas zoo's aviary

A bald eagle has escaped from a South Texas zoo's aviary. It was last seen about two blocks from the zoo Thursday, when it disappeared over a rooftop.

Texas Stiffens Driver's License Rules

Texas has adopted new driver's license regulations that require all immigrants to show proof of legal status.

Red River Rivalry, Gov. Perry wagers

A lot is on the line with the Red River Rivalry game, and Texas Gov. Rick Perry makes a wager.

Lawmaker wants new driver's license rule dropped

A state lawmaker wants Texas license officials to rescind a new policy requiring non-U.S. citizens to prove they live legally in the country before receiving a Texas driver's license or identification.

Executions near for 12 on Texas death row

The crowd on A-Wing A-Section at the Texas Department of Criminal Justice Polunsky Unit is about to get thinned.

Texas issues distinctive driver's license to immigrants

Foreign nationals living in Texas must now prove they're in the country legally before getting a state driver's license or identification card - one that will look markedly different from those issued to U.S. citizens.

"While we welcome legally documented individuals to the Lone Star State, we must ensure that this privilege is not abused by those seeking to enter our country illegally," Gov. Rick Perry said. "These new guidelines will provide additional security."

The licenses and identification cards, which will be vertical instead of horizontal, will also be stamped with the words "temporary visitor" and will list the date their legal residency expires. Advocates for immigrant rights say the change could facilitate profiling.

"If you're an employer, or you're a person who rents out apartments, and you see a vertical license, that could have a negative impact," Dallas City Council member Steve Salazar said. "There's going to be an added incentive for people not to get a license."

Under the new guidelines, DPS will not issue or renew licenses or ID cards for any immigrant who is here illegally, or who has overstayed his or her residency.

Nor will the agency give them to immigrants who have permission to stay for fewer than six months.

DPS spokeswoman Tela Mange said people who are living in the country illegally and show up to get a license without proper identification will simply be turned away. Their information will not be passed on to authorities.

"They won't be arrested ... unless there is already a warrant out for their arrest," Ms. Mange said.

U.S. citizens will not have to provide any additional evidence; birth certificates and other information already on file with the state is sufficient. And online and mail-in renewals will still be allowed as long as they include proper documentation.

Star U.S. pastor to hold 'Megafest' in S. Africa

It's time for Americans to look beyond their borders, superstar Texas preacher T.D. Jakes said Thursday as he prepared to hold his trademark Megafest in Johannesburg, South Africa -- outside the U.S. for the ...

Texas offers $100 million to lure bio lab

Texas officials are prepared to offer $100 million in incentives to the federal government to lure a new laboratory for dangerous diseases to San Antonio, Gov.

Noriega, Cornyn debate in Houston

Democratic Senate candidate Rick Noriega wants to use tonight's televised debate with Republican Senator John Cornyn to impeach Cornyn's leadership for Texas in Washington.

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)