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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 WI

Call for COMPLETE details NOW!

(800) 675-9783

Ashland, Wisconsin News
History Mystery: Maj. Gen. McCoy has Army fort named after him in state

The last History Mystery question: What Kenosha native military man has an Army fort named for him? The answer: Fort McCoy in west-central Wisconsin is named for Maj.


Commentary: Lumberjack chops away at mighty Obey

Sean Duffy sits in his sparsely furnished campaign headquarters in Ashland and suggests that, by the time he's in his 50s, he'd like to be able to spend his days chopping wood and climbing trees.


Gypsy moth treatments proposed for 20 counties, public meetings set

Editors: A list of counties with type of treatment and acres to be treated is available upon request.


Businesses win approval in Glendale

Jan. 6, 2010 11:30 a.m. Glendale a ' An ayurvedic alternative health care office, the Scofield souvenir distributor and the Muderlak Design product innovation firm have all won city approval to open operations in Glendale.


Wisconsin woman pleads insanity in daughter's drowning

A northern Wisconsin woman charged in the accidental drowning of her 7-month-old daughter has entered a plea of not guilty by reason of mental disease or defect.


Police chief pays OWI fine

MERRILL -- Lincoln County court officials said Wednesday that the Bayfield police chief paid a $687 fine this week after he pleaded guilty Dec.


Wis. woman pleads insanity in daughter's drowning

A northern Wisconsin woman charged in the accidental drowning of her 7-month-old daughter has entered a plea of not guilty by reason of mental disease or defect.


Blaine man thought he'd forever lost a Vietnam War keepsake. Then a Wisconsin diver called.

I can go back to the day I walked into the shop and bought it, said Don Sunstrom, of Blaine, of the Zippo lighter he bought outside Saigon in 1968.


Find on lake floor sparks memories

A piece of Don Sunstrom's past has been missing for 40 years. While fighting in Vietnam, he'd gotten a fancy engraved cigarette lighter as a keepsake to remind him of a place he later would try to forget.


Problems Surface with Recent Roadwork in Ashland

As a certified Master Plumber, Jablonski said he has discovered a major problem with recent roadwork on Highway 2 in the city of Ashland.


Jury Finds Odanah, WI Man Guilty in Stabbing Incident

A jury has found a 43-year-old Odanah, WI man guilty of attempted intentional 2nd degree homicide and aggravated battery for a stabbing incident on the Bad River Indian Reservation in Ashland.


Authorities: Elderly Washburn Woman Died of Smoke Inhalation

An elderly Washburn woman has died of smoke inhalation. Bayfield County Authorities say Verna Mae Morrison, 80, died during the fire that consumed her home along Highway 13 in the town of Barksdale.


Doyle appoints state lawmaker Sherman as judge

Gov. Jim Doyle has appointed fellow Democratic state Rep. Gary Sherman of Port Wing to be a judge on the state Court of Appeals.


Washburn House Fire Kills One

One person is dead following a fire Wednesday morning in the city of Washburn. Ashland Fire Department Officials say they responded to the home along State Highway 13 just before 11:30 Wednesday morning.


BC-PRIEST-SON-ART-NYT

Nathan Halbach, who decided to speak out as he was terminally ill with brain cancer about how it felt to grow up knowing that his absentee father was a Roman Catholic priest, died at home in Missouri on Friday.


Border Patrol Adds `Resident` Agents

Federal Border Patrol officials say a new program puts agents in at least a dozen sites along the border with Canada to work with community law enforcement officials.


Governor Doyle approves $483,684 for projects at Ashland airport

Governor Jim Doyle has approved projects totaling $483,684 at the John F. Kennedy Memorial Airport in Ashland.


Sgt. Scott Kramer Enjoys Fishing, Not Vikings

Sgt. Scott Kramer, of Ashland, Wis., serves with Troop A, First Squadron, 105th Cavalry.


DNR Secretary Frank Statement on approval of Northern States Power...

On Friday, the Public Service Commission of Wisconsin approved Northern States Power Company-Wisconsin's proposal to install the nation's largest biomass gasifier, a system that will produce synthetic gas from biomass for the production of electricity at the company's Bay Front Power Plan in Ashland, Wisconsin.


Wis. regulators approve utility's biomass plan

The Wisconsin Public Service Commission has approved a utility's latest plan to replace coal and use logging residue and dead trees as the primary fuel to generate electricity.


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"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
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