Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Maine before hiring.
Showing 3 home equity loan specialists in Kennebunk, ME
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Big Horizon Mortgage Corporation
37 Western Ave Ste 308, Kennebunk, ME 04043
(207) 985-4808
bighorizonmortgage.com
What Does a Home Equity Loan Specialist in Kennebunk Cost?
Typical costs for a home equity loan specialist in Maine include an origination fee of 1 to 2 percent of the loan amount. Appraisal fees range from 400 to 700 dollars for a single family home in Kennebunk. Closing costs total between 1,500 and 3,500 dollars depending on the loan size. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a home equity loan specialist in Kennebunk do?
A specialist guides you through the process of borrowing against your homes equity. They help you compare loan options review your credit and ensure compliance with Maine lending laws. They also coordinate with local appraisers familiar with Kennebunk property values.
What are the Maine legal requirements for home equity loans?
Maine law requires lenders to provide a Truth in Lending disclosure and a right of rescission period of three business days. Under Title 9-A home equity loans cannot exceed 80 percent of the propertys appraised value in most cases. Lenders must also follow Maine usury laws limiting interest rates.
How long does the home equity loan process take in Kennebunk?
The process typically takes 30 to 45 days from application to closing. This includes a property appraisal underwriting and legal review. Maine law requires a three day rescission period after signing before funds can be released.