Compare Today’s Refinance Rates for Schaumburg, Illinois 60195
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Schaumburg, Illinois 60195.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,221 over the lifetime of your mortgage, which translates to a monthly savings of $15 in Schaumburg 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 Schaumburg, Illinois 60195
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Interactive Refinance Rate Projections for Schaumburg, Illinois 60195
Pureloan has developed an interactive chart to monitor the five largest local lenders in Schaumburg, IL 60195, 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 Schaumburg, Illinois 60195 from 2024 - 2016
The following historical data provides insights into refinancing trends in Schaumburg, 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 | 49.21% | 52.87% | 51.72% | 47.59% | 46.81% | 46.03% | 42.51% | 52.05% | |
avg refi rate | 3.96% | 3.87% | 4.08% | 4.51% | 3.71% | 3.89% | 4.47% | 4.83% | |
% 15 year fixed refinance | 37.42% | 31.65% | 32.76% | 39.24% | 40.01% | 37.06% | 39.29% | 31.31% | |
avg refi rate | 3.21% | 3.12% | 3.30% | 3.56% | 2.99% | 3.26% | 3.80% | 4.24% | |
Avg credit score | 756.37 | 760.91 | 760.89 | 759.06 | 769.94 | 774.52 | 772.15 | 770.25 | |
Avg LTV (loan to value) | 72.76% | 72.65% | 72.90% | 70.83% | 67.80% | 65.82% | 63.53% | 63.19% | |
Avg DTI (debt to income) | 34.03 | 33.25 | 33.42 | 33.57 | 31.25 | 30.75 | 31.49 | 31.92 | |
Avg refinance insurance % | 4.47% | 4.56% | 4.77% | 4.02% | 2.69% | 1.57% | 0.97% | 0.80% |
Best Refinance Brokers around Schaumburg, Illinois 60195
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Schaumburg, Illinois 60195, we have compiled a list of top refinance brokers to assist you in the process.
Chuck Silver
Regional Sales Manager
1350 Remington Road Suite S
Schaumburg, IL 60195
csilver@goapmc.com
Sean Pauly
Senior Loan Consultant
1350 Remington Road Suite S
Schaumburg, IL 60195
seanpauly@goapmc.com
Vicki Harissis
Loan Officer
1699 E Woodfield Road Ste. 450
Schaumburg, IL 60195
(847) 944-1452
vicki.h@capitalfinancial.net
Tim Gatz
Loan Officer
1699 E Woodfield Road Ste. 450
Schaumburg, IL 60195
(847) 502-5884
tim@capitalfinancial.net
Ricardo Navarrete
Loan Officer
1699 E Woodfield Road Ste. 450
Schaumburg, IL 60195
(847) 944-1473
ricardo@capitalfinancial.net
Address
1350 Remington Road Suite S
Schaumburg, IL
Contact
Fax (301) 639-0804
csilver@goapmc.com
Address
1350 Remington Road Suite S
Schaumburg, IL
Contact
Fax (301) 639-0804
seanpauly@goapmc.com
Address
1699 E Woodfield Road Ste. 450
Schaumburg, IL
Contact
(847) 944-1452
Fax (301) 639-0804
vicki.h@capitalfinancial.net