Albany, OR Mortgage Refinance in Oregon
We make it easy to get the lowest mortgage refinance interest rate in Albany, OR.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Albany, OR 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 Albany, Oregon 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 Albany, OR 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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Mortgage Refinance Calculators
Mortgage Payment Calculator
Refinance Savings Calculator
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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of OR
| Albany, Oregon News |
$302,000 in thefts gets prison time
A former Albany businessman was sentenced to two years and two months in prison Thursday in Linn County Circuit Court after a jury found him guilty of stealing thousands of dollars from two women.
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Albany man arrested in arson of Lebanon pregnancy center
A 29-year old Albany man is being held in the Linn County Jail on arson and other charges for the September fire that destroyed a Lebanon pregnancy center in September.
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Albany loses Gatorade project
Albany will not be the site of a long-planned factory to make Gatorade and another drink, Propel fitness water.
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Kids OK after bus-car collision
David Patton/Democrat-Herald A car and Santiam Christian School bus sit on Ellsworth Street after a collision Wednesday morning in Albany.
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Public Safety Log
People arrested are innocent unless proven otherwise in court. Initial charges often change as a case progresses.
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Crash closes one southbound lane of I-5 south of Albany
One lane of Interstate 5 southbound, 13 miles south of Albany, is closed because a non-injury traffic crash involving a commercial truck, the Oregon State Police reported at 10:36 this morning.
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Albany man honored for service in Iraq
Cooper R. Huffman of Albany has received the 2008 Veteran of the Year award from the Oregon Coalition for Combat Veteran Recognition.
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On patrol along Highway 34
Standing between the white line along Highway 34 and the driver's door of the car he has just stopped, Oregon State Police Trooper Jeff Moran gives the driver a warning for not having lights on in the ...
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New 'urgent carea to open Monday in N. Albany
A new "urgent care" medical office will open in North Albany on Monday. Samaritan Albany Urgent Care will be located on the third floor of the Samaritan Medical and Diagnostics Center, 400 Hickory St.
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Dog park meeting draws 35
About 35 "enthusiastic" people attended a meeting Thursday to begin discussing how to create a dog park in Albany, said parks Director Ed Hodney.
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West Albany band selling fight songs for Civil War
Civil War is on the horizon. Time to Duck. Or Beaver, as the case may be. The West Albany Bulldog Band is taking orders for friendly and not-so-friendly college football fight songs, to be played at a business ...
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Dog park plan to be discussed at parks meeting
Dog owners who want space for their pets to play off of their leashes are encouraged to attend a meeting about creating a dog park.
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Police beef up patrols on Highway 34
Linn County deputies and Oregon state troopers are beefing up patrols Friday morning on Highway 34 from Lebanon to Corvallis, looking to nab people for speeding and other traffic violations.
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Albany Veterans Day Parade Mixes Patriotic Displays With Reality
See the sites and sounds of the Albany Veterans Day Parade through the lens of Tim King's television camera.
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Albany parade honors veterans
Wind and rain couldn't dampen spirits in Albany, Ore., home of the largest Veterans Day parade west of the Mississippi River.
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Albany Prepares for Massive Veterans Day Parade
The largest Veterans Day event in the western U.S. takes place in historic Albany, Oregon.
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We are in the low point of sun cycle
Readers have sent me some climate change-related questions lately. Here are two: Question: A few months ago you wrote about the "month without sunspots" this year.
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City staff to report on water rates
Dec. 8 presentation will help council decide whether to increase them The Albany Public Works staff is researching expected water revenue and expenditures and is making rate comparisons with other cities to ...
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West Albany, Santiam students honored
Each receives a $500 savings bond as the recipient of an award first bestowed in 1961 Keith Morreira of Lyons and Anna Anderson of Albany were named Linn County Junior First Citizens on Tuesday during a Rotary ...
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Albany Police: Contaminated Fuel Damaged Police Cars
By Lindsey Davies October 29, 2008 A ALBANY, Ore. --Albany police say contaminated fuel forced them toA replace the transmissions in four of patrol cars.
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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