Compare Today’s Refinance Rates for Homewood, Illinois 60430
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Homewood, Illinois 60430.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,838 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Homewood and other areas of Cook 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 Homewood, Illinois 60430
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Interactive Refinance Rate Projections for Homewood, Illinois 60430
Pureloan has developed an interactive chart to monitor the five largest local lenders in Homewood, IL 60430, 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 Homewood, Illinois 60430 from 2024 - 2016
The following historical data provides insights into refinancing trends in Homewood, Illinois and the surrounding Cook 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 | 67.80% | 47.57% | 52.85% | 53.92% | 60.81% | 57.32% | 51.67% | 56.95% | 55.38% |
| avg refi rate | 6.39% | 3.50% | 2.96% | 3.26% | 4.11% | 4.50% | 4.06% | 3.84% | 4.04% |
| % 15 year fixed refinance | 20.34% | 36.49% | 30.40% | 29.04% | 24.87% | 31.45% | 36.24% | 30.21% | 31.03% |
| avg refi rate | 5.62% | 2.67% | 2.42% | 2.77% | 3.56% | 3.83% | 3.25% | 3.09% | 3.25% |
| Avg credit score | 749.39 | 756.47 | 766.07 | 769.86 | 760.35 | 753.65 | 757.72 | 762.30 | 761.35 |
| Avg LTV (loan to value) | 60.42% | 63.24% | 66.82% | 68.79% | 71.17% | 68.06% | 69.36% | 69.49% | 69.88% |
| Avg DTI (debt to income) | 36.63 | 34.29 | 32.36 | 31.70 | 34.13 | 35.05 | 34.12 | 32.90 | 33.11 |
| Avg refinance insurance % | 1.73% | 1.20% | 2.31% | 3.01% | 4.54% | 3.01% | 3.51% | 3.24% | 3.85% |
Best Refinance Brokers around Homewood, Illinois 60430
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Homewood, Illinois 60430, we have compiled a list of top refinance brokers to assist you in the process.
Terri Schmidt
Sr. Mortgage Consultant
1820 Ridge Road, Suite 102
Homewood, IL 60430
(708) 647-5237
tschmidt@goapmc.com
Mark Genovese
Mortgage Banker
1132 State St
Lemont, IL 60430
(163) 024-3745
Mark.Genovese@chase.com
Terecita Jimenez
Mortgage Banker
1421 Route 59
Joliet, IL 60430
(181) 577-3183
Terecita.Jimenez@chase.com
Tim Felker
Mortgage Broker
1300 W Jefferson St
Joliet, IL 60430
(815) 730-1900 Ext21
tfelker@dowcompanies.com
Paul Hopkins
Mortgage Broker
1300 W Jefferson St
Joliet, IL 60430
(815) 730-1900 Ext28
phopkins@dowcompanies.com
Address
1820 Ridge Road, Suite 102
Homewood, IL
Contact
(708) 647-5237
Fax (301) 639-0804
tschmidt@goapmc.com
Address
1132 State St
Lemont, IL
Contact
(163) 024-3745
Fax (301) 639-0804
Mark.Genovese@chase.com
Address
1421 Route 59
Joliet, IL
Contact
(181) 577-3183
Fax (301) 639-0804
Terecita.Jimenez@chase.com