Compare Today’s Refinance Rates for Peaks Island, Maine 04108
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Peaks Island, Maine 04108.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Peaks Island, Maine 04108. For 30-year amortization refinancing, you can expect lifetime cash savings of $12,519 or $35 per month in Peaks Island and other parts of Cumberland county.
Summary of Average Refinances in Peaks Island, Maine 04108
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Interactive Refinance Rate Projections for Peaks Island, Maine 04108
Pureloan has developed an interactive chart to monitor the five largest local lenders in Peaks Island, ME 04108, 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 Peaks Island, Maine 04108 from 2024 - 2016
The following historical data provides insights into refinancing trends in Peaks Island, Maine and the surrounding Cumberland 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 | 76.74% | 44.89% | 46.59% | 43.94% | 48.70% | 43.86% | 35.10% | 29.42% | 39.64% |
avg refi rate | 6.41% | 3.56% | 3.02% | 3.32% | 4.10% | 4.58% | 4.14% | 3.91% | 4.05% |
% 15 year fixed refinance | 16.28% | 35.38% | 31.05% | 35.10% | 33.54% | 37.34% | 43.02% | 45.80% | 38.28% |
avg refi rate | 5.66% | 2.83% | 2.55% | 2.87% | 3.59% | 3.81% | 3.21% | 2.95% | 3.09% |
Avg credit score | 747.88 | 761.29 | 760.82 | 764.05 | 756.19 | 754.21 | 756.51 | 761.87 | 761.06 |
Avg LTV (loan to value) | 56.86% | 58.65% | 63.25% | 68.21% | 68.00% | 67.51% | 68.67% | 68.82% | 71.81% |
Avg DTI (debt to income) | 34.93 | 30.91 | 28.93 | 28.42 | 29.72 | 30.59 | 29.80 | 28.89 | 29.57 |
Avg refinance insurance % | 1.72% | 0.78% | 1.40% | 3.18% | 3.71% | 2.79% | 3.57% | 4.07% | 5.82% |
Best Refinance Brokers around Peaks Island, Maine 04108
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Peaks Island, Maine 04108, we have compiled a list of top refinance brokers to assist you in the process.
Jack Lufkin
Loan Officer
172 Commercial St
Portland, ME 04108
(207) 222-1469
jlufkin@gorhamsavingsbank.com
Brian Desjardins
Lender
120 Exchange St
Portland, ME 04108
8794307
bdesjardins@norwaysavingsbank.com
Rick Flagg
Lender
120 Exchange St
Portland, ME 04108
8794307
rflagg@norwaysavingsbank.com
Erin McNally
Loan Officer
130 Middle St Fl 1
Portland, ME 04108
(207) 775-2620
emcnally@bmcfirst.com
Deron Barton
President
130 Middle St Fl 1
Portland, ME 04108
(207) 775-2620
dbarton@bmcfirst.com
Address
172 Commercial St
Portland, ME
Contact
(207) 222-1469
Fax (301) 639-0804
jlufkin@gorhamsavingsbank.com
Address
120 Exchange St
Portland, ME
Contact
8794307
Fax (301) 639-0804
bdesjardins@norwaysavingsbank.com
Address
120 Exchange St
Portland, ME
Contact
8794307
Fax (301) 639-0804
rflagg@norwaysavingsbank.com