Compare Today’s Refinance Rates for Montgomery, Alabama

Our search engine analyzes refinance lenders to give you the best real-time home refi rates for Montgomery, Alabama 36191. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing, expect lifetime cash savings are $7,955 or $22 / month in Montgomery and other areas of Calhoun county.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Montgomery, Alabama 36191.

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Summary of Average Refinance Terms in Montgomery, Alabama 36191

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Montgomery, AL 36191, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Refinance Rates for Montgomery, Alabama 36191 from 2012 - 2019

Below are historical data on refinancing in Montgomery, Alabama and around Calhoun county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 62.65% 59.69% 50.59% 53.91% 59.02% 66.18% 61.49% 61.11%
avg refi rate 4.84% 4.58% 3.91% 3.75% 4.44% 4.09% 3.95% 4.05%
% 15 year fixed refinance 26.85% 23.47% 31.76% 34.38% 33.61% 22.71% 25.47% 31.94%
avg refi rate 4.21% 3.90% 3.17% 3.00% 3.62% 3.39% 3.23% 3.18%
Avg credit score 758.89 753.77 758.48 758.46 752.42 749.99 751.98 749.29
Avg LTV (loan to value) 68.88% 69.63% 71.58% 70.54% 73.89% 75.18% 76.77% 72.06%
Avg DTI (debt to income) 30.71 31.83 29.53 28.98 31.01 30.52 32.52 30.57
Avg refinance insurance % 2.04% 2.19% 4.29% 4.26% 6.43% 7.13% 7.57% 5.39%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Montgomery, Alabama 36191

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Montgomery, Alabama 36191, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Allison Bird

Mortgage Lenders

201 Monroe St

Montgomery, AL 36191

(334) 230-6183

allison.bird@regions.com

Charles Harris

Mortgage Lenders

201 Monroe St

Montgomery, AL 36191

charles.harris@regions.com

Jimmy Parsons

Loan Officer

6719 Taylor Circle

Montgomery, AL 36191

jparsons@guildmortgage.com

Aaron Folta

Loan Officer

6719 Taylor Circle

Montgomery, AL 36191

afolta@guildmortgage.com

Allison Bird

Loan Officer

6719 Taylor Circle

Montgomery, AL 36191

(334) 513-8083

abird@guildmortgage.com

Address

201 Monroe St

Montgomery, AL

Contact

(334) 230-6183

Fax (301) 639-0804

allison.bird@regions.com

Address

201 Monroe St

Montgomery, AL

Contact

Fax (301) 639-0804

charles.harris@regions.com

Address

6719 Taylor Circle

Montgomery, AL

Contact

Fax (301) 639-0804

jparsons@guildmortgage.com

Refinancing News for Montgomery, Alabama 36191