Compare Today’s Refinance Rates for Brighton, Michigan 48114
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Brighton, Michigan 48114.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Brighton, Michigan 48114. For 30-year amortization refinancing, you can expect lifetime cash savings of $2,435 or $7 per month in Brighton and other parts of Livingston county.
Summary of Average Refinances in Brighton, Michigan 48114
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Interactive Refinance Rate Projections for Brighton, Michigan 48114
Pureloan has developed an interactive chart to monitor the five largest local lenders in Brighton, MI 48114, 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 Brighton, Michigan 48114 from 2024 - 2016
The following historical data provides insights into refinancing trends in Brighton, Michigan and the surrounding Livingston 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 | 75.00% | 51.25% | 53.89% | 54.26% | 63.42% | 51.47% | 47.40% | 50.31% | 52.20% |
avg refi rate | 6.62% | 3.61% | 2.99% | 3.29% | 4.17% | 4.58% | 4.12% | 3.95% | 4.16% |
% 15 year fixed refinance | 16.67% | 31.58% | 29.43% | 27.60% | 22.42% | 36.70% | 39.13% | 35.64% | 31.73% |
avg refi rate | 5.33% | 2.78% | 2.47% | 2.79% | 3.67% | 3.85% | 3.37% | 3.18% | 3.39% |
Avg credit score | 734.42 | 755.65 | 756.10 | 759.57 | 748.02 | 740.20 | 750.52 | 755.68 | 755.47 |
Avg LTV (loan to value) | 62.85% | 61.95% | 65.28% | 69.15% | 72.24% | 68.61% | 69.84% | 70.83% | 72.03% |
Avg DTI (debt to income) | 38.96 | 33.38 | 31.71 | 31.60 | 33.32 | 33.32 | 32.76 | 31.86 | 31.65 |
Avg refinance insurance % | 2.90% | 1.31% | 2.10% | 3.34% | 5.34% | 3.04% | 3.71% | 3.92% | 4.58% |
Best Refinance Brokers around Brighton, Michigan 48114
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Brighton, Michigan 48114, we have compiled a list of top refinance brokers to assist you in the process.
David Saylor
Loan Officer
8702 N. Second Street
Brighton, MI 48114
(810) 309-8035
dsaylor@huronvalleyfinancial.com
Mike Jenkins
Loan Officer
8702 N. Second Street
Brighton, MI 48114
(810) 224-5626
mjenkins@huronvalleyfinancial.com
Alex Ibrahim
Loan Officer
8702 N. Second Street
Brighton, MI 48114
(810) 224-5626
aibrahim@huronvalleyfinancial.com
Scott Lunn
Mortgage Loan Originator
205 W Grand River Ave, Ste 102
Brighton, MI 48114
(810) 522-1412
scott.lunn@oldnational.com
William Slobin
Loan officer
5925 Meridian #200
Brighton, MI 48114
(248) 474-8470
wslobin@mortgageone.com
Address
8702 N. Second Street
Brighton, MI
Contact
(810) 309-8035
Fax (301) 639-0804
dsaylor@huronvalleyfinancial.com
Address
8702 N. Second Street
Brighton, MI
Contact
(810) 224-5626
Fax (301) 639-0804
mjenkins@huronvalleyfinancial.com
Address
8702 N. Second Street
Brighton, MI
Contact
(810) 224-5626
Fax (301) 639-0804
aibrahim@huronvalleyfinancial.com