Compare Today’s Refinance Rates for Ravenna, Michigan 49451
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Ravenna, Michigan 49451.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,036 over the lifetime of your mortgage, which translates to a monthly savings of $8 in Ravenna and other areas of Muskegon 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 Ravenna, Michigan 49451
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Interactive Refinance Rate Projections for Ravenna, Michigan 49451
Pureloan has developed an interactive chart to monitor the five largest local lenders in Ravenna, MI 49451, 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 Ravenna, Michigan 49451 from 2024 - 2016
The following historical data provides insights into refinancing trends in Ravenna, Michigan and the surrounding Muskegon 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 | 78.38% | 56.56% | 54.52% | 54.45% | 59.29% | 56.78% | 52.80% | 50.40% | 48.72% |
avg refi rate | 6.40% | 3.74% | 3.03% | 3.34% | 4.20% | 4.51% | 4.08% | 3.92% | 4.05% |
% 15 year fixed refinance | 16.22% | 27.33% | 29.54% | 29.17% | 26.84% | 29.65% | 33.29% | 36.04% | 35.60% |
avg refi rate | 6.08% | 2.81% | 2.51% | 2.82% | 3.67% | 3.89% | 3.34% | 3.17% | 3.31% |
Avg credit score | 711.22 | 742.50 | 755.11 | 761.00 | 753.30 | 747.59 | 748.54 | 752.69 | 759.11 |
Avg LTV (loan to value) | 58.32% | 58.26% | 62.82% | 66.86% | 67.78% | 66.15% | 68.62% | 70.80% | 71.37% |
Avg DTI (debt to income) | 37.19 | 32.52 | 31.56 | 30.71 | 32.73 | 33.41 | 32.36 | 31.34 | 31.35 |
Avg refinance insurance % | 2.16% | 1.20% | 1.57% | 3.27% | 3.60% | 3.10% | 3.73% | 4.03% | 3.99% |
Best Refinance Brokers around Ravenna, Michigan 49451
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ravenna, Michigan 49451, we have compiled a list of top refinance brokers to assist you in the process.
Joshua Heiks
Mortgage Banker
101 W SAVIDGE ST
SPRING LAKE, MI 49451
(616) 842-0966
joshua.j.heiks@chase.com
Joshua Heiks
Mortgage Banker
101 W Savidge St
Spring Lake, MI 49451
(616) 706-3783
joshua.heiks@chase.com
Michelle Bauer
Loan Originators
242 N Michigan Avenue
Shelby, MI 49451
(23) 744-6231
mbauer@shelbybank.com
Bobby Fisher
SVP Senior Lender
242 N Michigan Avenue
Shelby, MI 49451
(23) 186-6029
bfisher@shelbybank.com
James Stovall
VP Investment Executive
242 N. Michigan Avenue
Shelby, MI 49451
(23) 186-6053
jstovall@shelbybank.com
Address
101 W SAVIDGE ST
SPRING LAKE, MI
Contact
(616) 842-0966
Fax (301) 639-0804
joshua.j.heiks@chase.com
Address
101 W Savidge St
Spring Lake, MI
Contact
(616) 706-3783
Fax (301) 639-0804
joshua.heiks@chase.com
Address
242 N Michigan Avenue
Shelby, MI
Contact
(23) 744-6231
Fax (301) 639-0804
mbauer@shelbybank.com