Compare Today’s Refinance Rates for Westbrook, Maine 04098
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Westbrook, Maine 04098.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Westbrook, Maine 04098. For 30-year amortization refinancing, you can expect lifetime cash savings of $10,130 or $28 per month in Westbrook and other parts of Cumberland county.
Summary of Average Refinances in Westbrook, Maine 04098
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Interactive Refinance Rate Projections for Westbrook, Maine 04098
Pureloan has developed an interactive chart to monitor the five largest local lenders in Westbrook, ME 04098, 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 Westbrook, Maine 04098 from 2024 - 2016
The following historical data provides insights into refinancing trends in Westbrook, 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 | 76.92% | 61.54% | 55.81% | 52.28% | 61.15% | 57.55% | 61.07% | 46.24% | 54.94% |
avg refi rate | 6.52% | 3.89% | 2.99% | 3.25% | 4.38% | 4.64% | 4.13% | 3.87% | 4.02% |
% 15 year fixed refinance | 23.08% | 21.98% | 26.35% | 30.29% | 19.11% | 28.30% | 28.86% | 41.04% | 33.33% |
avg refi rate | 5.33% | 2.89% | 2.44% | 2.73% | 3.71% | 3.84% | 3.27% | 3.03% | 3.24% |
Avg credit score | 745.46 | 738.38 | 752.63 | 761.16 | 751.61 | 738.42 | 744.82 | 756.14 | 756.02 |
Avg LTV (loan to value) | 49.23% | 62.20% | 66.96% | 68.18% | 71.25% | 68.12% | 69.79% | 68.35% | 71.07% |
Avg DTI (debt to income) | 36.23 | 30.23 | 30.13 | 29.09 | 31.10 | 32.85 | 30.98 | 30.09 | 31.25 |
Avg refinance insurance % | 1.97% | 2.14% | 2.74% | 4.21% | 2.15% | 3.54% | 3.25% | 4.35% |
Best Refinance Brokers around Westbrook, Maine 04098
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Westbrook, Maine 04098, we have compiled a list of top refinance brokers to assist you in the process.
Julie Villemaire
VP/Branch Manager
2 Hannaford Dr
Westbrook, ME 04098
(207) 602-7401
Julie7401@sbsavings.com
Dennis Dalton
Loan Officer
2 Hannaford Dr
Westbrook, ME 04098
(207) 602-7405
Dennis7405@sbsavings.com
Jack Lufkin
Loan Officer
172 Commercial St
Portland, ME 04098
(207) 222-1469
jlufkin@gorhamsavingsbank.com
Brian Desjardins
Lender
120 Exchange St
Portland, ME 04098
8794307
bdesjardins@norwaysavingsbank.com
Rick Flagg
Lender
120 Exchange St
Portland, ME 04098
8794307
rflagg@norwaysavingsbank.com
Address
2 Hannaford Dr
Westbrook, ME
Contact
(207) 602-7401
Fax (301) 639-0804
Julie7401@sbsavings.com
Address
2 Hannaford Dr
Westbrook, ME
Contact
(207) 602-7405
Fax (301) 639-0804
Dennis7405@sbsavings.com
Address
172 Commercial St
Portland, ME
Contact
(207) 222-1469
Fax (301) 639-0804
jlufkin@gorhamsavingsbank.com