Somerset Investors Corp.
Somerset Investors Corp.
290 Broadhollow Rd
Suite 310E
Melville, NY 11747
Toll Free : (800) 675-9783
Fax : (631) 370-2990
Email : cs@somersetmortgagelenders.com
Somerset Investors Corp. is a mortgage banking firm that prides itself on attaining the highest ethical and moral standards and is dedicated to providing quality mortgage products at value pricing to our customer. Somerset has a long-standing history of servicing its local community as a reliable mortgage company.
Our goal is to establish a successful partnership with our customers, staff, investors, and markets that respect the interest and goals of each party. Somerset Investors Corp. has been built on the belief that to be successful in mortgage banking it must first begin by molding itself as a customer service firm that provides quality service to the public.
To this end, Somerset has used its considerable experience and expertise to recruit and train top service professionals. At Somerset Investors Corp. Co, we have deployed state-of-the-art technology to process loans in a quick, efficient and compliant manner. This allows us to offer accurate, concise information with an emphasis on customer education. We expedite all loan applications so that borrowers can address their financial needs as soon as possible. Somerset will help you reach your goals, as we have helped thousands of others. Our customers frequently come back to us when they’re ready for new loans, and they send their family and friends to us as well. Somerset Mortgage Lenders can help you when other lenders won’t. We work with people with all types of credit, equity, and income.
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 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.
© 2006 Somerset Investors Corp.
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