Allentown, PA Mortgage Refinance in Pennsylvania
We make it easy to get the lowest mortgage refinance interest rate in Allentown, PA.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Allentown, PA 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 Allentown, Pennsylvania 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 Allentown, PA 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.
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Refinance Articles
Reasons to Refinance Now Beat the Subprime Mortgage Crisis Return to mortgage refinance in the state of PA
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| Allentown, Pennsylvania News |
Allentown mayor accentuates the positive in annual address
Mayor Ed Pawlowski of Allentown gives his 'State of the City' address. Allentown Mayor Ed Pawlowski said today that he and others have laid the foundation for the rebirth of a city that has been struggling to ...
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Allentown wants Americus hotel sale to proceed
The 13-story Americus Hotel in Allentown has been closed since 2003. Allentown has asked a federal bankruptcy judge to allow the city to proceed with a judicial sale of the historic but vacant Americus Hotel.
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Allentown couple should pay restitution in troubled foreign student exchange program, prosecutor says
Tim and Tina Sweet, shown with a foster child in their Allentown home last year, may be ordered to shut down permanently their troubled United Student Exchange program.
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Allentown Mayor Announces Bid for Re-election
Ed Pawlowski will be putting his name back on the ballot in November. The mayor of Allentown told WFMZ's Jaccii Farris today that he will seek a second term.
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Judge says 4 face trial in Pa. meth ring
A judge says two Pennsylvania and two Georgia men face trial on charges in connection with a multimillion-dollar methamphetamine ring in eastern Pennsylvania.
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Police on Scene of Reported Bank Robbery
Police are on the scene of a reported robbery at the Lafayette Ambassador Bank at 19th & Allen Streets in Allentown.
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Drug suspect charged in Allentown shooting
A 25-year-old man already in jail on drug charges now faces attempted homicide charges for allegedly shooting a Bethlehem man in the back of his head in Allentown, police said.
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Police Arrest Pair of Shooting, Robbery Suspects
Police have arrested two suspects for the robbery and shooting of a man in Allentown last night.
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Allentown police investigating suspicious death
For the second time in a week, Allentown police are investigating a suspicious death in a home.
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Dan Hartzell: Can an accident victim demand that a driver be tested for DUI?
Palmer Township police give motorists DUI checks. If you're in a crash, you may not demand another driver be tested.
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Armed Robbers Strike at Allentown Fast-Food Restaurant
People going for some fast food Saturday night in Allentown got a little more than they bargained for.
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Armed robbery reported att Allentown Arby's
Allentown police are responding to a report of an armed robbery at the Arby's Restaurant at 1535 Lehigh St.
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Allentown One Victim Injured In Downtown Shooting
Allentown police were investigating an apparent shooting at Ninth and Chew streets late Saturday night.
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Gas leak forces evacuation Neighbors Clear Out During Leak Repair
UGI crew finds source near Allentown elementary school. 2 day-cares close for hours.
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Allentown couple have first Lehigh Valley baby of 2009 at
Corissa Riley went into labor about 8 p.m. New Year's Eve, but daughter Livia Pizzini waited until the new year to be born.
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Body found in Allentown basement
The Lehigh County coroner is awaiting results of toxicology tests before ruling on the cause of death for a woman whose body was found in a basement.
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Allentown Police Investigating Suspicious Death
What started with a report of a suspicious odor has ended with the discovery of a female's body in Allentown.
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Report: Bank robbery in Allentown
The Sovereign Bank at 3900 Hamilton Boulevard in South Whitehall Township was robbed just minutes ago, according to police scanner reports.
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Bethlehem man shot while riding in car in Allentown
Bethlehem print headlines Local girl making journals for a journey Journal >> Q. >> Bethlehem man shot while riding in car in Allentown by JD Malone Monday December 29, 2008, 1:47 PM A Bethlehem man was shot on ...
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Police Recreate Crash That Killed Teen, Injured Friends
Police closed the Center Valley Parkway in Upper Saucon Township, Lehigh County for several hours this morning so that investigators could recreate a crash that killed one teenager and seriously injured four ...
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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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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