Compare Today’s Refinance Rates for Mount Vernon, Maine 04352
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Mount Vernon, Maine 04352.
With a 30-year amortization refinance in Mount Vernon and surrounding areas of Kennebec county, our calculations show that you can expect to save up to $9,001 over the lifetime of your mortgage, or a monthly savings of $25. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Mount Vernon, Maine 04352.
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Summary of Average Refinances in Mount Vernon, Maine 04352
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Mount Vernon, Maine 04352
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mount Vernon, ME 04352, 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 Mount Vernon, Maine 04352 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mount Vernon, Maine and the surrounding Kennebec 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 | 78.95% | 48.48% | 47.19% | 44.24% | 51.42% | 43.35% | 37.35% | 37.29% | 42.32% |
| avg refi rate | 6.27% | 3.71% | 3.00% | 3.26% | 4.06% | 4.57% | 4.12% | 3.82% | 4.01% |
| % 15 year fixed refinance | 15.79% | 34.24% | 33.63% | 35.57% | 28.25% | 40.30% | 39.72% | 43.33% | 37.28% |
| avg refi rate | 6.13% | 2.77% | 2.45% | 2.73% | 3.48% | 3.80% | 3.22% | 2.94% | 3.10% |
| Avg credit score | 745.53 | 741.72 | 760.12 | 761.82 | 756.17 | 745.35 | 747.06 | 756.57 | 758.71 |
| Avg LTV (loan to value) | 56.42% | 64.21% | 67.48% | 70.68% | 71.57% | 68.32% | 71.49% | 71.99% | 72.71% |
| Avg DTI (debt to income) | 37.74 | 32.08 | 30.27 | 30.13 | 31.34 | 31.47 | 31.75 | 30.04 | 29.48 |
| Avg refinance insurance % | 1.64% | 2.21% | 3.82% | 5.35% | 3.30% | 5.17% | 4.69% | 4.73% |
Best Refinance Brokers around Mount Vernon, Maine 04352
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mount Vernon, Maine 04352, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Jon Bourque
Mortgage Loan Originator
369 River Rd
Richmond, ME 04352
(207) 737-2800
jonbourque@msn.com
Rick Burgess
Loan Officer
53 Crogan Rd
Bangor, ME 04352
(207) 848-7500
rick.burgess@mainelymortgages.com
Heather Massow
Loan Officer
262 Harlow St
Bangor, ME 04352
(207) 973-3500
hmassow@penquis.org
Dana Ward
Loan Officer
262 Harlow St
Bangor, ME 04352
(207) 973-3500
dward@penquis.org
Michael Brown
Loan Officer
PO Box 507
Dover Foxcroft, ME 04352
(207) 564-8644
mbrown@MaineHighlandsCreditUnion.com
Address
369 River Rd
Richmond, ME
Contact
(207) 737-2800
Fax (301) 639-0804
jonbourque@msn.com
Address
53 Crogan Rd
Bangor, ME
Contact
(207) 848-7500
Fax (301) 639-0804
rick.burgess@mainelymortgages.com
Address
262 Harlow St
Bangor, ME
Contact
(207) 973-3500
Fax (301) 639-0804
hmassow@penquis.org