Mortgage Refinance Companies in Scarborough, ME
Looking for a mortgage refinance company in Scarborough? Review the directory below to compare your options.
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 8 mortgage refinance companies in Scarborough, 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.
Mortgage refinance companies in Scarborough Maine help homeowners lower their interest rates or change loan terms. Maine law requires lenders to provide a clear Good Faith Estimate of closing costs within three business days of application. Local companies understand Scarborough property values and can guide you through the refinance process.
What Does a Mortgage Refinance Company in Scarborough Cost?
Typical costs for a mortgage refinance in Maine include an appraisal fee of 400 to 700 dollars and lender origination fees of 0.5 to 1.5 percent of the loan amount. Closing costs usually range from 2 to 5 percent of the principal. Other fees may include title search and recording fees. 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 documents do I need to refinance a mortgage in Scarborough Maine?
You will need pay stubs tax returns bank statements and proof of homeowners insurance. Maine lenders also require a recent property appraisal. Having these ready speeds up the application process.
How long does a mortgage refinance take in Maine?
A typical refinance in Maine takes 30 to 45 days from application to closing. Delays can happen if the appraisal or title search takes longer. Maine law does not set a specific time limit but lenders must provide timely updates.
Are there Maine specific rules for mortgage refinancing?
Yes Maine has a three day right of rescission for most refinances allowing you to cancel without penalty. Lenders must also follow Maine usury laws that cap interest rates on certain loans. Always review the Loan Estimate carefully.