Compare Today’s Refinance Rates for Eckhart Mines, Maryland 21528
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Eckhart Mines, Maryland 21528.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,694 over the lifetime of your mortgage, which translates to a monthly savings of $19 in Eckhart Mines and other areas of Allegany county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
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Summary of Average Refinances in Eckhart Mines, Maryland 21528
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Eckhart Mines, Maryland 21528
Pureloan has developed an interactive chart to monitor the five largest local lenders in Eckhart Mines, MD 21528, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Eckhart Mines, Maryland 21528 from 2024 - 2016
The following historical data provides insights into refinancing trends in Eckhart Mines, Maryland and the surrounding Allegany county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed refinance | 33.33% | 44.26% | 46.64% | 47.95% | 80.00% | 65.52% | 40.54% | 59.26% | 64.10% |
| avg refi rate | 7.00% | 3.92% | 2.97% | 3.16% | 4.32% | 4.46% | 3.91% | 3.86% | 4.03% |
| % 15 year fixed refinance | 33.33% | 37.70% | 36.94% | 35.09% | 6.67% | 24.14% | 45.95% | 29.63% | 25.64% |
| avg refi rate | 5.99% | 3.15% | 2.50% | 2.78% | 3.75% | 4.03% | 3.28% | 3.21% | 3.29% |
| Avg credit score | 694.00 | 739.85 | 761.09 | 765.48 | 749.83 | 743.79 | 754.00 | 756.89 | 768.00 |
| Avg LTV (loan to value) | 60.00% | 60.39% | 64.83% | 67.49% | 71.73% | 69.55% | 67.38% | 68.24% | 70.38% |
| Avg DTI (debt to income) | 36.67 | 34.11 | 32.15 | 30.28 | 32.40 | 35.31 | 33.27 | 31.41 | 29.77 |
| Avg refinance insurance % | 2.18% | 2.14% | 3.03% | 2.03% | 2.55% | 2.14% | 2.81% | 4.08% |
Best Refinance Brokers around Eckhart Mines, Maryland 21528
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Eckhart Mines, Maryland 21528, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Kelli Palamar
Mortgage Loan Officer
24541 Garrett Hwy
McHenry, MD 21528
(301) 387-9057
kpalamar@bbandt.com
Jody Emerick
Mortgage Loan Originator
1275 National Highway
LaVale, MD 21528
(301) 729-3738
jemerick@standardbankpa.com
Bryan Bates
Loan Officer
14602B Mcmullen Hwy.
Cumberland, MD 21528
(843) 449-2250
bbates@alcovamortgage.com
Jason Inglish
Branch Partner
14602B Mcmullen Hwy.
Cumberland, MD 21528
(843) 449-2250
jinglish@alcovamortgage.com
Address
24541 Garrett Hwy
McHenry, MD
Contact
(301) 387-9057
Fax (301) 639-0804
kpalamar@bbandt.com
Address
1275 National Highway
LaVale, MD
Contact
(301) 729-3738
Fax (301) 639-0804
jemerick@standardbankpa.com
Address
14602B Mcmullen Hwy.
Cumberland, MD
Contact
(843) 449-2250
Fax (301) 639-0804
bbates@alcovamortgage.com