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 WI

Call for COMPLETE details NOW!

(800) 675-9783

Algoma, Wisconsin News
Algoma Utility moratorium ends April 15

Algoma Utilities advises customers who are behind on their utility bills to begin making payments to avoid disconnection of their electric service.


Algoma: Hot Shot Contest Sunday

The Algoma Parks and Recreation Department will hold its annual Hot Shot Contest at 1:15 p.m. Sunday at the Algoma Youth Club.


Algoma BIE nominations sought

The Algoma Area Chamber of Commerce is seeking nominations for the BIE Awards Banquet Since these are community-based awards, everyone is encouraged to identify someone deserving of the designation Algoma Chamber Business, Industry or Educator of the Year.


CPR training courses planned

The Lakeland Chapter of the American Red Cross is hosting a CPR Made Simple training course from 6 to 7 p.m. March 25 at 2131 Deckner Ave.


Court Report for March 10

Santanna M. Brunette, 19, Algoma, pleaded no contest Feb. 18 to second-degree sexual assault of a child on Oct.


Luxemburg-Casco's life skills program a hit

Paula Simonar's teenage daughter, Hannah, is bright, funny, energetic and outgoing, and like many other high school students, she is full of potential.


Kewaunee, Door county high schools building opportunities

Students throughout Door and Kewaunee counties are being given the opportunity to explore their career interests and learn more about local businesses and industry through a variety of programs sponsored by the Door Kewaunee Business and Education Partnership .


Blahnik, Dorothy M.

Dorothy M. Blahnik, 92, Algoma, died Tuesday, March 2, 2010, at the Algoma Long Term Care Unit.


New pastor joins Hope United Church in Sturgeon Bay

The Rev. Richard D. Feyen was elected to serve as the new pastor at Hope United Church of Christ in Sturgeon Bay on Feb.


Horse logging a hobby for Algoma man

For Bob Lohrey of Algoma, retirement from driving large logging equipment will bring more time to try new things, more opportunities to be outdoors and more interest to hone his skills of horse logging.


Check It Out

The Roar on the Shore Beer and Wine Festival hosted by the Kewaunee and Dyckesville Lions Clubs, will be from 4 to 8 p.m. March 20 at Hamachek Village , Kewaunee.


Algoma resident seeks support on Asian carp issue

The Asian carp won't reach the waters of Lake Michigan around Algoma, if Lia Montgomery has anything to do with it.


Dart hired as softball coach

The Algoma School Board, at its Monday meeting, approved the hiring of Terry Dart as the new head softball coach, following discussion in closed session.


Education Notes for Feb. 24

Madison: The University of Wisconsin-Madison has announced its dean's list for the fall semester of the 2009-10 academic year.


School officials optimistic about grants

It likely will be two months before local school administrators find out whether they will receive any money from the first round of the federal Race to the Top grants, and they are not holding their collective breath.


Memories for Feb. 24

In spite of job losses and the poor economy, snowfall this winter has been a boon to some local small business ventures that rely on winter weather for their survival.


Residents oppose Mashek proposal

Several residents spoke out against a proposal that Kewaunee County acquire 27 acres on Lake Michigan to develop a county park or maintain a conservancy there when they appeared Feb.


Letter: Algoma bell-ringers raised $8,000

This is to recognize the Algoma bell-ringers for The Salvation Army and contributors: The city of Algoma had 177 bell-ringers and many worked more than one two-hour shift with some working as many as five times.


If we see Asian carp, it's too late

ALGOMA - Yesterday the Environmental Protection Agency hosted a public hearing in Chicago on Asian carp.


Contracts extended for Town of Algoma clerk, treasurer

The contracts for Algoma Town Clerk Charlotte Nelson and Treasurer Joel Edson have been extended for two years beyond the current year.


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