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

Abiquiu, NM Mortgage Refinance in New Mexico

We make it easy to get the lowest mortgage refinance interest rate in Abiquiu, NM.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Abiquiu, NM 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 Abiquiu, New Mexico 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 Abiquiu, NM 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 
Return to mortgage refinance in the state of NM

Call for COMPLETE details NOW!

(800) 675-9783

Abiquiu, New Mexico News
Brown-Malone

Amy Lynn Malone married Martin Brandon Brown Dec. 15, 2008, in Los Lunas, N.M. Judge Gallegos officiated the ceremony.


Kilmer, Mason selling NM property

Two actors who have lived in New Mexico for more than a decade are selling northern New Mexico property -- but agents say neither one plans to leave the state.


-- Marsha Mason Drops Price on Abiquiu Estate

Actress, longtime N.M. resident, is now asking under $8 million for 247-acre estate and ranch.


Sound Off

Automaking by Johnny Cash: I got it one piece at a time, and it didn't cost me a dime; went right up to the factory.


-- Jemez Mts. Co-Op Manager Told To Quit

Jerry Mascarenas, general manager of the Jemez Mountains Electric Cooperative, will leave his position at the end of the year at the behest of the utility's board of trustees, The New Mexican reported.A "I get ...


Washington Museum Exhibits Works By Georgia Oa Keeffe, Ansel Adams

4, 2009, examines the friendship of two iconic artists who were attracted to the distinct landscapes of the American southwest and far west and committed to depicting its essence with modernist sensibilities.


In the Company of Artists: Photographs from the DIA's Collection

In the Company of Artists is a survey of more than 90 portraits and candid photographs of visual, literary, and performing artists by more than 30 photographers who have had access to the interesting places and ...


An oasis for artists and art lovers

Santa Fe is a year-round destination but the busiest times are winter when the ski resorts are operating and summer when there are many festivals and seasonal residents return.


Police Beat

Police Beat 10-14-08 Police Beat items are compiled from public information contained in Los Alamos Police Department Records.


In Its Element

Features iT House, Joshua Tree Linda Taalman and Alan Koch's Joshua Tree home has no problem taking advantage of the sun.


Summer's last gasp after Labor Day

As one who has an incurable love affair with summer, I wonder why we lunge for autumn once Labor Day tiptoes in.


-- Alta Fire Still Burning After Nearly 2 Weeks

No homes threatened as slow-moving blaze burns 525 acres in Santa Fe National Forest.


Today's Top Stories: Juarez death toll nears 800

The homicide count is up to nearly 800 for the year in the border city of Juarez, Mexico, where 15 people were killed this week, the El Paso bureau of the Las Cruces Sun News reports .


Aug. 17, 2008 Births

Landyn Garrett Cottone was born Aug. 5, 2008, at Plains Regional Medical Center to Mike and Rebecca Cottone of Clovis.


Land grant getting back 32 acres from state

The Abiquiu land grant has grown by 32.6 acres. The New Mexico Game Commission scheduled a ceremony Friday to return the property to the land grant after its return was approved by the state Legislature.


Ranger Returns to Work After Assault

Injured officer's attackers still on the loose. U.S. Army Corps of Engineers Park Ranger Alfred J. Chavez returns to work Monday after being assaulted and suffering gunshot wounds while investigating an ...


Fire in Northern N.M. Monitored

Fire starts in area slated for prescribed burn this fall The Espanola Ranger District is monitoring the lightning caused Peak Fire which is burning north, north east of Clara Peak.


Library foundation to host tour of Rio Grande

A trip on the Solano County Library Foundation's Literary Tour this September will take guests from the panoramic Rio Grande Valley to Acoma Pueblo, the oldest continuously inhabited city in the United States.


Library foundation to host tour of Rio Grande

A trip on the Solano County Library Foundation's Literary Tour this September will take guests from the panoramic Rio Grande Valley to Acoma Pueblo, the oldest continuously inhabited city in the United States.


preview / related links

Since 1993, Father Andrew has followed a path of penance at St. Michael's Skete, a small Orthodox monastery north of Abiquiu, New Mexico where he prays, dips beeswax candles and welcomes retreat visitors to ...


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.
 
"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.
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)