Compare Today’s Refinance Rates for Island Park, New York 11558
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Island Park, New York 11558.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $18,371 over the lifetime of your mortgage, which translates to a monthly savings of $51 in Island Park and other areas of Nassau 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.
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Summary of Average Refinances in Island Park, New York 11558
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Island Park, New York 11558
Pureloan has developed an interactive chart to monitor the five largest local lenders in Island Park, NY 11558, 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 Island Park, New York 11558 from 2024 - 2016
The following historical data provides insights into refinancing trends in Island Park, New York and the surrounding Nassau 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 | 85.71% | 61.57% | 66.41% | 67.37% | 75.46% | 67.54% | 64.45% | 68.64% | 66.00% |
avg refi rate | 6.21% | 3.49% | 2.99% | 3.33% | 4.25% | 4.65% | 4.24% | 4.02% | 4.12% |
% 15 year fixed refinance | 23.13% | 19.28% | 18.79% | 14.78% | 18.42% | 25.78% | 19.52% | 20.21% | |
avg refi rate | 2.72% | 2.53% | 2.87% | 3.78% | 3.76% | 3.40% | 3.22% | 3.42% | |
Avg credit score | 742.14 | 755.89 | 766.71 | 762.46 | 748.27 | 746.98 | 750.77 | 753.52 | 755.85 |
Avg LTV (loan to value) | 52.00% | 46.56% | 48.62% | 52.34% | 54.48% | 46.84% | 51.27% | 51.76% | 53.45% |
Avg DTI (debt to income) | 39.05 | 36.79 | 36.10 | 36.03 | 37.68 | 40.89 | 35.92 | 35.29 | 34.49 |
Avg refinance insurance % | 0.43% | 0.43% | 0.49% | 0.76% | 0.21% | 0.35% | 0.38% |
Best Refinance Brokers around Island Park, New York 11558
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Island Park, New York 11558, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Joseph Kauderer
Loan Officer
Merrick Road
Massapequa, NY 11558
(516) 264-7040
danron1628@aol.com
Craig Markowitz
Loan Officer
Merrick Road
Massapequa, NY 11558
(516) 264-7040
cmarkowitz@hotmail.com
Address
Merrick Road
Massapequa, NY
Contact
(516) 264-7040
Fax (301) 639-0804
danron1628@aol.com
Address
Merrick Road
Massapequa, NY
Contact
(516) 264-7040
Fax (301) 639-0804
cmarkowitz@hotmail.com