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

Aumsville, OR Mortgage Refinance in Oregon

We make it easy to get the lowest mortgage refinance interest rate in Aumsville, OR.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Aumsville, 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 Aumsville, 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 Aumsville, 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.

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

Call for COMPLETE details NOW!

(800) 675-9783

Aumsville, Oregon News
Holiday keeps dump busy Storm adds to holiday volume

Rachel Klaus cares about the environment. That's why the 12-year-old girl from Stayton was with her stepfather, Ron Broughton, and twin sister, Sarah Klaus, on Saturday at the Salem-Keizer Recycling and ...


TOP storiesElection, development make news

The year 2008 was a year of change for the canyon areaand the nation. Businesses opened and closed, organizations and governments changed hands and one of the worst economic recessions in years was felt keenly ...


Christmas Tree Pickups and Drop-offs

HAYESVILLE ELEMENTARY SCHOOL WHERE: 4545 Ward Drive NE HOURS: 9 a.m. to 4 p.m. Dec.


Storm adds to holiday recycling volume

Rachel Klaus cares about the environment. That's why the 12-year-old girl from Stayton was with her stepfather, Ron Broughton, and twin sister, Sarah Klaus, on Saturday at the Salem-Keizer Recycling and ...


Electricity still is out in some areas

It just might be a white Christmas for the canyon area, but despite the slick roads and snow since Sunday, the area has not experienced many headaches, city officials reported Tuesday.


Fire destroys home in Turner

Donald and Louise Stacy are quiet Samaritans, lending a hand in their rural community without expecting any thanks.


Milk tanker crashes south of Salem

A milk tanker truck lost control in the snow and ice and crashed on Interstate 5 south of Salem this morning, Oregon Department of Transportation officials said.


Cities and schools respond to snow

An Arctic blast brought snow to Stayton, Aumsville and Sublimity on Sunday morning, but turned into clear skies and ice patches during the week as the rest of the valley has been hit hard by snowy, icy ...


Take time to give back during holiday

We all know the song 'The 12 Days of Christmas.' Oh yes, there's the partridge in the pear tree, the maids a-milking, the French hens, and my personal favorite, the five golden rings.


City hall, police site under way in Aumsville

It's been in the planning for 17 years, but now Aumsville residents are seeing their new city hall/police complex become reality.


Cafe brings people together

Families and friends gathered at the Covered Bridge Cafe in Stayton last week for a free Thanksgiving dinner.


Local jobless rate outpaces Oregon's

Following a grim trend in Oregon's economy, the jobless rate for Marion and Polk counties has jumped by more than a percentage point.


Enterprise facilitators help make a business

Ernesto Sirolli, the founder of the Sirolli Institute and the enterprise facilitation concept, a business assistance program for new entrepreneurs, was in Stayton last Thursday.


Living the Statistics: Jan Kessell

Jan Kessell gives out her home number to the teen moms in her program just in case they need someone in the middle of the night.


Foster families desperately needed

Marion County's foster home network is strained to bursting: - So many kids are removed from meth-addicted parents that foster homes are overloaded.


Aboud, Fiske vie for spot; Aumsville incumbent holds

The Stayton mayoral race was close as early elections results came in Tuesday. Former mayor Gerry Aboud, 65, ran against city council member Jack Fiske, 65, in one of the first contested races for the city in ...


Mayor, council contested in Aumsville

Residents of Aumsville are seeing contested races for mayor and city council. There are two candidates running for mayor and four candidates to fill three positions on the city council.


Pumpkin Cannon

Malachi Hawkins, 5, of Aumsville, runs back to the top of the slide at the Heiser Farms Pumpkin Patch and Pumpkin Cannon on Sunday October 19, 2008 Nicole McDavid Statesman Journal Freelancer In your voice Read ...


More

Hello, my name is Charlie Button and I have been on the Aumsville City Council for the past two years.


Stolen truck turns up after 22 years a " with no depreciation

A man is being reunited with his truck 22 years after it was stolen. Jack Nunnellee's 1977 black, low-rider Chevy pickup was stolen from a Salem park and ride Oct.


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)