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Aurora, OR Mortgage Refinance in Oregon
We make it easy to get the lowest mortgage refinance interest rate in Aurora, OR.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Aurora, 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 Aurora, 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 Aurora, 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 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 OR
| Aurora, Oregon News |
Halloween fright: A 'free' trick, not a pumpkin treat
The signs with bright orange grinning jack-o-lanterns hang across Portland's east side: "Free Pumpkin Patch." Nancy Lewis saw it and went to check out the lot at Southeast 90th Avenue and Powell Boulevard that ...
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MUSEUMS
Old Aurora Colony Museum: 11 a.m.-4 p.m. Tuesdays-Saturdays, noon-4 p.m. Sundays, corner of Second and Liberty streets, Aurora.
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Columbia Helicopter surprised by stamp
It's pretty rare that a company is honored with a representation on a postage stamp, but Aurora, Oregon-based Columbia Helicopters has accomplished that feat thanks to the tiny country of Palau in the Western ...
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Apple Harvest Festival is Saturday
Swing into fall this Saturday with the opportunity to press fresh apple cider, sample Dutch oven-baked apple desserts and string apple circles for drying.
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Deputies target trucks during blitz
Marion County deputies issued 20 warnings and seven traffic citations during a 4-hour truck safety blitz near Aurora.
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Marion County runs safety sting, pulls over trucks
A truck safety sting in Marion County netted four faulty rigs in four hours this afternoon.
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Abandoned horses saved at rock-bottom auction
At the Woodburn Livestock Exchange, The Oregon Department of Agriculture auctioned off 11 horses at rock bottom prices on Wednesday.
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Engagement: Hutch-Casey
Hutchison-Casey engagement Published: August 26, 2008 Tonihka-Hutchison / Casey Crystal Tonihka-Hutchison and Michael Anthony Casey, both of Canby, are engaged.
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Drug tip leads Aurora police to arrest two
AURORA - Two Aurora men are facing drug charges after police acting on a tip found marijuana and methamphetamine in a home Tuesday night, police said.
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Police: Domestic Violence Call Leads To Guns, Drugs
Police said they seized five guns, methamphetamine and marijuana after responding to a domestic violence call.
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Oregon State Fair is taking steps to get with the times
The Oregon State Fair, as you may have heard - again and again and again - is "Too Big to Miss" and the Oregon Parks and Recreation Department hopes you still believe that.
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Silverton festival warms to creativity
As patrons wandered through the Silverton Fine Arts Festival on Saturday, many stopped to watch Jim Barton carefully carve a massive wood sculpture.
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Moments of the Past: Johnnie Jones, Super Caterer
"Johnnie Jones - All Salem and thousands of Oregonians outside of this city know him Johnnie Jones was born at Placerville, Ca., Nov.
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Moments of the Past: Aurora and the Oregon State Fair
'The Oregon state fair - since pioneer days has had many men and women of vision in its service.
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We often treat Salem's history in a cavalier way
The tale of the Meier & Frank clock, languishing in the window of a downtown store, looking for a nostalgic buyer, isn't really unusual in Salem, where our history has been relentlessly shorn away and discarded ...
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Portland man accused of sexually abusing girl he met online
Police in Aurora have arrested a 25-year-old Portland man on sex abuse, sodomy and rape charges.
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Aurora showcases, sells the past
An African cape buffalo, a lion and a wood stork loom over the front door, but that's no surprise in a town like Aurora.
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Aurora police officer arrests man wanted for manslaughter
AURORA - At about 1:30 p.m. today, an Aurora police officer pulled over a Canby resident for a traffic violation - and the man turned out to be wanted for manslaughter in another state.
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Clackamas County Bank promotes York
Bend-based BBT Architects will design a $1.5 million addition and renovation at La Pine High School in La Pine, Ore.
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Traffic stop nets man wanted for manslaughter
Police arrested a Canby man during a routine traffic stop after he admitted to using a false name for years to avoid an arrest for a 1994 manslaughter case.
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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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