Compare Today’s Refinance Rates for Burlington, Michigan 49029
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Burlington, Michigan 49029.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $12,700 over the lifetime of your mortgage, which translates to a monthly savings of $35 in Burlington and other areas of Calhoun 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 Burlington, Michigan 49029
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Interactive Refinance Rate Projections for Burlington, Michigan 49029
Pureloan has developed an interactive chart to monitor the five largest local lenders in Burlington, MI 49029, 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 Burlington, Michigan 49029 from 2024 - 2016
The following historical data provides insights into refinancing trends in Burlington, Michigan and the surrounding Calhoun 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 | 79.17% | 50.17% | 51.23% | 48.15% | 55.35% | 57.58% | 50.63% | 47.31% | 47.17% |
avg refi rate | 6.36% | 3.76% | 3.03% | 3.30% | 4.24% | 4.56% | 4.16% | 3.93% | 4.04% |
% 15 year fixed refinance | 8.33% | 31.14% | 29.67% | 32.75% | 28.46% | 29.60% | 36.22% | 40.65% | 37.48% |
avg refi rate | 6.19% | 2.85% | 2.46% | 2.76% | 3.58% | 3.91% | 3.36% | 3.13% | 3.27% |
Avg credit score | 759.46 | 752.15 | 751.19 | 758.40 | 749.29 | 742.24 | 744.05 | 752.44 | 755.00 |
Avg LTV (loan to value) | 64.54% | 60.40% | 65.25% | 69.16% | 70.63% | 69.18% | 70.75% | 69.76% | 70.89% |
Avg DTI (debt to income) | 34.83 | 31.92 | 30.91 | 30.30 | 31.58 | 32.68 | 31.70 | 31.22 | 30.45 |
Avg refinance insurance % | 4.63% | 1.86% | 2.13% | 3.38% | 4.10% | 3.92% | 3.95% | 3.82% | 4.13% |
Best Refinance Brokers around Burlington, Michigan 49029
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Burlington, Michigan 49029, we have compiled a list of top refinance brokers to assist you in the process.
Eric Ellison
Branch Manager
492 Marshall Street
Coldwater, MI 49029
(518) 278-2100 Ext. 12301
eellison@amerifirst.com
Lindsey Gerlinger
Loan Originator
492 Marshall Street
Coldwater, MI 49029
(517) 278-2100 Ext. 12303
lgerlinger@amerifirst.com
Cliff Bowers
Loan Officer
492 Marshall St.
Coldwater, MI 49029
(517) 278-2100 Ext 4
cbowers@amerifirst.com
Joylyn Gerlinger
Loan Officer
492 Marshall St.
Coldwater, MI 49029
(517) 278-2100 Ext 3
jsnyder@amerifirst.com
Cassidy Munn
Loan Officer
51 W Pearl St, PO Box 309
Coldwater, MI 49029
(269) 279-3504
cmunn@smb-t.com
Address
492 Marshall Street
Coldwater, MI
Contact
(518) 278-2100 Ext. 12301
Fax (301) 639-0804
eellison@amerifirst.com
Address
492 Marshall Street
Coldwater, MI
Contact
(517) 278-2100 Ext. 12303
Fax (301) 639-0804
lgerlinger@amerifirst.com
Address
492 Marshall St.
Coldwater, MI
Contact
(517) 278-2100 Ext 4
Fax (301) 639-0804
cbowers@amerifirst.com