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

MD Mortgage Refinance in Maryland

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, MD 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 Maryland 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 MD 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 MD :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Abell Accident Andrews Air Force Base Arnold
Aberdeen Accokeek Annapolis Ashton
Aberdeen Proving Ground Adamstown Annapolis Junction Avenue
Abingdon Allen Aquasco

Return to our mortgage refinance page

Call for COMPLETE details NOW!

(800) 675-9783

Maryland News
Maryland, life sciences hub, keen to expand ties with India

The life sciences hub of Maryland, abutting the capital city of Washington and home to some 50,000 Indian Americans, is keen to expand ties with India, particularly in trade and investment in cutting edge ...


Speculation Lt. Gov Could Be Obama Pick

Governor Martin O'Malley issued the following statement today regarding public speculation surrounding Lt.


Fairfax Co. Seeks to Please Older Residents

County leaders say they are considering incentives for developers and remodelers to use what's called "universal design" in single-family homes.


Environmental officials up Maryland's enforcement levels

The state might be hurting fiscally, but the Maryland Department of the Environment is doing its fair share to help out.


Maryland and Six States Urge Congress to Include Greenhouse Gas...

Attorney General Douglas F. Gansler joined with several other Attorneys General urging Congress to include greenhouse gas legislation with any relief package as both houses meet in Washington D.C. this week to ...


Maryland lt. gov. in running for VA secretary

An Army Reserve colonel and Iraq war veteran could become the next secretary of Veterans' Affairs.


AAA Mid-Atlantic Projects Slight Decline In Thanksgiving Travel

Despite facing tough economic times, 41 million Americans and 795,200 Marylanders are projected to travel In Maryland, the decline in holiday travelers compared to last year is estimated at a 1.5 percent ...


MARYLAND: Teenager charged in death of grandmother

BALTIMORE - A Baltimore teenager has been charged with second-degree murder in an alleged attack that police say caused the death of her grandmother.


$1,000 ANNUALLY: Mandated health insurance would decrease Md. college enrollment, officials say

More than 250,000 Maryland adults under age 30 lacked health insurance in 2006, prompting health care officials to call for mandatory coverage for all college students during a House committee hearing ...


Even in rich Md., children go hungry, group says

Millions of children don't get the food they need, according to the Food Research and Action Center, and the number of hungry children in Maryland , one of the wealthiest states, has significantly increased.


Maryland Stem Cell Research Commission Receives Strong Interest In Third Year Of Funding

The Maryland Stem Cell Research Commission has received 187 Letters of Intent in response to its three official Requests for Applications for the third year of funding through the Maryland Stem Cell Research ...


Files show Md. police watched vari ...

Surveillance of anti-death penalty protesters and other activists by the Maryland State Police was broader and went on longer than previously disclosed, according to files that were turned over by police to ...


Prince George's Burns Out Single Cigar Sales

The Prince George's County Council voted 8-1 Tuesday to ban the sale of single cigars.


MARYLAND: $475,000 in fares missing at MTA

A legislative audit is faulting the Maryland Transit Administration for failing to monitor employee access to keys that open bus fare boxes and rail ticket machines.


Advocates Ask If Md. Children Are Getting Help

A report due out Wednesday from the group Advocates for Children and Youth questions whether abused and neglected children get the help they need under policies that keep more of them in their homes.


MD--Wintry Weather

State police say at least four vehicles slid off a country road in western Maryland during a winter storm that continues to drop snow in the mountainous region.


First Case of Seasonal Flu Reported in Maryland

Seasonal influenza has officially hit in Maryland, according to the Department of Health and Mental Hygiene.


Exercise and rest reduce cancer risk

Exercise is good for more than just your waistline. A recent study presented at the American Association for Cancer Research's Seventh Annual International Conference on Frontiers in Cancer Prevention Research ...


Md. retailers expect holiday sales slump

The state's holiday sales will be flat or down this year, making it the first time in 23 years that retailers will not see a year-over-year gain, the Maryland Retailers Association said Monday.


Environmental Group Settles Lawsuit Over ICC

Required fields are marked with an asterisk The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications.


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.
 
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
© 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)