Compare Today’s Refinance Rates for Westland, Michigan 48185
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Westland, Michigan 48185.
With a 30-year amortization refinance in Westland and surrounding areas of Wayne county, our calculations show that you can expect to save up to $3,149 over the lifetime of your mortgage, or a monthly savings of $9. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Westland, Michigan 48185.
Summary of Average Refinances in Westland, Michigan 48185
Become a certified mortgage expert on Pureloan.com
in Westland, Michigan 48185
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Westland, Michigan 48185
Pureloan has developed an interactive chart to monitor the five largest local lenders in Westland, MI 48185, 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 Westland, Michigan 48185 from 2024 - 2016
The following historical data provides insights into refinancing trends in Westland, Michigan and the surrounding Wayne 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 Westland, Michigan 48185
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Westland, Michigan 48185, we have compiled a list of top refinance brokers to assist you in the process.
Zahra Sabri
Licensed Realtor
6900 N Wayne Rd
Westland, MI 48185
(855) 786-3192
zahra@reoindustrydirectory.com
Khalil Ramadan
Mortgage Banker
7750 N Wayne Rd
Westland, MI 48185
(73) 498-1541
khalil.ramadan@chase.com
Jordan Zimmerman
MB Mortgage Banker Associate
7750 N Wayne Rd
Westland, MI 48185
(248) 770-9519
jordan.zimmerman@chase.com
Brad Silvius
Loan Officer
1 Heritage Dr Ste 100
Southgate, MI 48185
(734) 417-3650
bsilvius@johnadamsmortgage.com
Corrie Dye-Hale
Mortgage Loan Consultant
One Heritage Place
Southgate, MI 48185
(734) 638-6806
cdyehale@johnadamsmortgage.com
Address
6900 N Wayne Rd
Westland, MI
Contact
(855) 786-3192
Fax (301) 639-0804
zahra@reoindustrydirectory.com
Address
7750 N Wayne Rd
Westland, MI
Contact
(73) 498-1541
Fax (301) 639-0804
khalil.ramadan@chase.com
Address
7750 N Wayne Rd
Westland, MI
Contact
(248) 770-9519
Fax (301) 639-0804
jordan.zimmerman@chase.com