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

Augusta, Wisconsin News
The Fugitives / Boy to mom: 'I don't like you. I'm going to run...

Writes Norm Horton Sr.: "When I was 5 years old, my family and I lived on a farm in Diamond Valley, a name given to a farming area a couple of miles out of Augusta, Wisconsin.


Florida man sentenced for beating Augusta woman; she later died

With her daughters in tears, a judge sends a Florida man to prison for severely beating an Augusta woman.


Jeanette M. Morgan

Jeanette M. Morgan, 88, of Thorp died of natural causes Saturday, Dec. 26, 2009, at Our Lady of Victory Hospital, in Stanley.


Chase Sentence

A young man from Augusta will spend three months in jail after leading officers on a chase through Eau Claire County.


Mr. and Mrs. Joe Coy

Ronald and Linda Wiese of Augusta, Wis., and Jerry and Karen Coy, of Harwood, Mo., are pleased to announce the marriage of their children.


Augusta homeowners get funds to fix homes

Retiree Janice Hoh says her old house in Augusta needed many critical upgrades. "These repairs I could not have taken care of myself, and I didn't want to ask my kids for help," she says.


Not guilty plea for man who led officers on high speed chase

The man police say stole a car from a hospital parking lot and then led officers on a high speed chase pleaded not guilty on Wednesday.


Portion of state funded ATV trail will close November 1st

The Eau Claire County Parks & Forest Department announces that a portion of the All-Terrain Vehicle state funded trail in the town of Bridge Creek north of Augusta will be closed beginning November 1, 2009.


Pillsbury bake-off contest favorites sought

Flipping through Pillsbury's "Best of the Bake-Off Collection," I was struck by how many recipes from the contest have become favorites.


Man Accused of Taking Dozens of Photos Up Skirts

A 41-year-old Augusta man is giving new meaning to the term skirt chaser. David Von Haden is accused of taking nearly five dozen photos up women's skirts.


Area flu shot clinics postponed because vaccines ran out

COUNTY HEALTH DEPARTMENT: Eau Claire, Wisconsin a ' October 20, 2009. Remaining seasonal flu shot clinics scheduled by the Eau Claire City-County Health Department are being postponed because the departmenta TMs entire first shipment of seasonal vaccine has been exhausted.


George W. Coffeen

George W. Coffeen, 85, of New Holstein, died on Tuesday, Oct. 6, 2009, at the Willowdale Nursing and Rehabilitation Center in New Holstein, surrounded by his children.


Mom: Suspect Needs Help, Not Prison Time

The mother of the man investigators say led them on a high speed chase says her son needs help, not prison time.


Flu shot clinics scheduled

The Eau Claire City-County Health Department as a series of seasonal flu shot clinics scheduled for later this month.


Patient steals car, hits owner, leads law enforcement on high speed chase

A patient walks out of an Eau Claire hospital, steals a car, hits the owner of the car and leads law enforcement officers on a high speed chase.


Tour allows new artists to show off their work

Many in the Chippewa Valley took in the beauty of local artwork this weekend, while soaking in some of the area's natural beauty as well.


Fall Creek painter to participate in art tour

When: 10 a.m. to 6 p.m. Saturday and Sunday, Oct. 4. Where: Seventeen locations in Osseo, Fairchild, Humbird, Augusta and Fall Creek.


Judge hands cow thief three years of probation

An Augusta man will receive a jail term and three years of probation for stealing 24 Holstein heifers from an Independence man.


Men charged for faking robbery at gas station

Two men are charged after investigators say they faked an armed robbery. 23-year-old Mark Kuberra of Augusta and 19-year-old Cory Schenn are both charged with two counts of theft, among other charges.


Road construction update

Here are the newest additions to area street construction reports in the Chippewa Valley, according to the Eau Claire Public Works Department and state Department of Transportation: Eau Claire Scheduled to start construction - Gilbert Street from Seventh Street to 674 feet west of Seventh Street.


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