Compare Today’s Refinance Rates for Paradise, Michigan 49768
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Paradise, Michigan 49768.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Paradise, Michigan 49768. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,441 or $18 per month in Paradise and other parts of Chippewa county.
Summary of Average Refinances in Paradise, Michigan 49768
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Interactive Refinance Rate Projections for Paradise, Michigan 49768
Pureloan has developed an interactive chart to monitor the five largest local lenders in Paradise, MI 49768, 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 Paradise, Michigan 49768 from 2024 - 2016
The following historical data provides insights into refinancing trends in Paradise, Michigan and the surrounding Chippewa 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 | 87.50% | 47.41% | 44.03% | 44.26% | 62.44% | 51.88% | 50.23% | 46.45% | 51.87% |
avg refi rate | 6.44% | 3.75% | 3.00% | 3.26% | 4.32% | 4.58% | 4.08% | 3.92% | 4.08% |
% 15 year fixed refinance | 12.50% | 40.09% | 37.96% | 40.50% | 27.92% | 32.33% | 38.50% | 38.06% | 39.18% |
avg refi rate | 5.81% | 2.82% | 2.45% | 2.62% | 3.55% | 3.88% | 3.36% | 3.10% | 3.22% |
Avg credit score | 741.19 | 747.88 | 755.90 | 763.31 | 755.71 | 752.35 | 751.25 | 753.57 | 756.56 |
Avg LTV (loan to value) | 61.94% | 54.02% | 61.05% | 64.61% | 68.14% | 63.70% | 68.88% | 68.40% | 69.57% |
Avg DTI (debt to income) | 33.81 | 33.55 | 32.33 | 31.47 | 33.31 | 33.23 | 32.23 | 32.05 | 31.78 |
Avg refinance insurance % | 3.88% | 0.71% | 1.79% | 2.05% | 2.96% | 2.55% | 2.85% | 3.89% | 3.50% |
Best Refinance Brokers around Paradise, Michigan 49768
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Paradise, Michigan 49768, we have compiled a list of top refinance brokers to assist you in the process.
Aaron Waterbury
Loan officer
1163 US-31
Petoskey, MI 49768
(61) 677-5163
aaron.waterbury@53.com
Becky Gemalsky
Loan officer
1163 US-31
Petoskey, MI 49768
(517) 324-4043
becky.gemalsky@53.com
Carol Stubenrauch
Loan officer
1163 US-31
Petoskey, MI 49768
(810) 695-4407
carol.stubenrauch@53.com
David Godin
Loan officer
1163 US-31
Petoskey, MI 49768
(616) 653-2497
david.godin@53.com
Derek Shuk
Loan officer
1163 US-31
Petoskey, MI 49768
(734) 762-9415
derek.shuk@53.com
Address
1163 US-31
Petoskey, MI
Contact
(61) 677-5163
Fax (301) 639-0804
aaron.waterbury@53.com
Address
1163 US-31
Petoskey, MI
Contact
(517) 324-4043
Fax (301) 639-0804
becky.gemalsky@53.com
Address
1163 US-31
Petoskey, MI
Contact
(810) 695-4407
Fax (301) 639-0804
carol.stubenrauch@53.com