Kentucky Mortgage Refinance

The “Bluegrass State” has plenty of mortgage refinance options for its Kentucky (population 4,314,113) home owners. From Lexington (40505) to Crescent Springs (41017), home owners in Kentucky have a copious amount of lenders ready to assist with mortgage refinance. Currently Kentucky home owners can refinance their mortgage loan for rates as low as 5.28% APR on a 30 year fixed rate product or 4.43% APR on a 15 year fixed mortgage. When it comes to comparing mortgage refinance rates from different Kentucky lenders, make sure to compare products with similar rates, terms and amounts. Also, consider points and fees when determining which lender is the best choice. Take home values in specific markets into consideration as well. For example, homes in Kentucky are valued at $109,800. Some cities have higher home values than the state average, such as Covington (41017) with a value range of $327,832 to $384,847. Whereas others are valued below the state’s average at $85,889 to $100,827 in Erlanger (41018). The median Kentucky home sale price is $124,100. Like home values, home sale prices in Kentucky run a wide range. From homes selling in Crescent Springs (41017) for $54,000 and $147,900 to Fort Mitchell (41017) for $183,800 and $235,000; there’s a home in Kentucky to meet just about any need.