Compare Today’s Refinance Rates for Portland, Maine 04112
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Portland, Maine 04112.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $13,088 over the lifetime of your mortgage, which translates to a monthly savings of $36 in Portland and other areas of Cumberland 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.
Summary of Average Refinances in Portland, Maine 04112
Become a certified mortgage expert on Pureloan.com
in Portland, Maine 04112
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Portland, Maine 04112
Pureloan has developed an interactive chart to monitor the five largest local lenders in Portland, ME 04112, 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 Portland, Maine 04112 from 2024 - 2016
The following historical data provides insights into refinancing trends in Portland, 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 Portland, Maine 04112
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Portland, Maine 04112, we have compiled a list of top refinance brokers to assist you in the process.
Mark Sutton
Mortgage Loan Officer
1 City Center
Portland, ME 04112
(704) 386-5972
mark.sutton@bankofamerica.com
Scott Blake
Loan Officer
2059 Congress Street
Portland, ME 04112
(207) 772-3100
sblake@mortgagenetwork.com
Hal Inman
Loan Officer
2059 Congress Street
Portland, ME 04112
(207) 772-3100
hinman@mortgagenetwork.com
Casey Mountain
Loan Officer
2059 Congress Street
Portland, ME 04112
(207) 772-3100
cmountain@mortgagenetwork.com
Alexander Brockway
Loan Officer/ Sales Assistant
2059 Congress Street
Portland, ME 04112
(207) 772-3100
abrockway@mortgagenetwork.com
Address
1 City Center
Portland, ME
Contact
(704) 386-5972
Fax (301) 639-0804
mark.sutton@bankofamerica.com
Address
2059 Congress Street
Portland, ME
Contact
(207) 772-3100
Fax (301) 639-0804
sblake@mortgagenetwork.com
Address
2059 Congress Street
Portland, ME
Contact
(207) 772-3100
Fax (301) 639-0804
hinman@mortgagenetwork.com