Refinance Loan New York, Understand Mortgage Rates - Interstate Home Loan

Refinance Loan New York

Refinance Loan New York2022-11-01T12:04:44+00:00

Why Refinance A Loan in New York?

Refinancing is the process of paying off your existing mortgage with a new mortgage. It allows the borrower to reduce their debts with another one that has more favourable terms of payment. You take a new loan to repay off the current debt but with updated agreements. You can also borrow against the equity you have in your current home. It is beneficial to refinance a loan in New York. It helps you lower the monthly payments and opens the opportunity for greater financial flexibility.

When you take a home loan in New York, you choose the best option available to you at that time. A few months or years down the road as the market or economy changes, the rates available may change. You may have better options available to you that could lower your monthly payments. It is essential to determine your goal of refinancing a loan, whether you want to reduce your monthly payments or lower your mortgage rate. The rates of housing in New York are escalating and with the overall rising expenses, debts can be tough to manage. If you’re unsure about how to refinance a loan, then Interstate Home Center Loan can guide you through the best options to lower your payments. We have experts when it comes to New York refinance loan information. They will help you with all the required information to replace your existing loan with new one. With refinancing, you not just save money but also have the opportunity to improve your return on investment. 

The major benefits of refinancing a loan in New York are: 

– Lower interest rate

– Lowers tenure of your loan 

– Lowers financial burden

– Increases financial flexibility 

Refinance Loan in New York without the hassle!

If you want more information on refinancing a loan in New York, get in touch with Interstate Home Loan Center today! There are several reasons property owners refinance loans in New York. Interstate Home Loan Center is here to help you. We will guide you every step of the way on the road to easing your financial burdens. 

One of the major reasons real estate transactions take time is that buyers don’t get a mortgage approval. Contact Interstate Home Loan Center and inquire about a New York mortgage broker today. We will help you secure the home of your dreams! Contact us at  1-888-624-1414. 

Quick Quote

Loan Programs

Purchase a Home

Refinance a Home

NON-QM Loans

  • Owner Occupied Lite-Doc
  • Debt Service Coverage Ratio (DSCR)
  • Asset Utilization
  • Bank Statement
  • 1099 Income Qualification Program

20-YR FIXED

Rates Fluctuate Daily
Call or Click Get Started for a Personalized Quote
Lender Fees – $1495
Points – $0
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30-YR FIXED

Rates Fluctuate Daily
Call or Click Get Started for a Personalized Quote
Lender Fees – $1495
Points – $0
Get Started

15-YR FIXED

Rates Fluctuate Daily
Call or Click Get Started for a Personalized Quote
Lender Fees – $1495
Points – $0
Get Started

**Disclaimer This is not a commitment to lend. Terms and conditions apply. Interest rate and annual percentage rate (APR) are for informational purposes only. Rate and APR are based on single family, owner-occupied, primary residence purchase of conforming loan sizes with 60% loan-to-value and assumes 780 FICO score. Rates are prevailing and subject to change. Call for today’s live rate.

Our Process

Securing a mortgage doesn’t have to be stressful or time consuming. We believe in full transparency, and getting your loan approved FAST! You will be able to track the status at all times while we are working to move forward on our end. Any hold up can cause you to lose out on a home you’ve put an offer in on! At Interstate, our process is seamless and best of all, quick!

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FAQs

How do I know if it makes sense for me to refinance a loan in New York?2022-07-11T11:17:22+00:00

First assess your financial mortgage related goals: i.e. are you looking to improve your monthly cash flow, lower your monthly payments, reduce your mortgage term, do you need to take out cash utilizing the equity from your home? Obtaining the right mortgage in New York for your particular needs could make sense even when rates are not at their lowest levels. Contact the team at Interstate Home Loan Center to learn more about how we can help you!

Does refinancing a loan in New York cost money?2022-07-11T11:17:44+00:00

While there are a number of benefits to refinancing like saving money on payments and shortening the term of your loan, refinancing does come with a cost. The process typically costs 2-6% of your loan amount. There are additional fees that can vary from lender to lender. Contact us today and let us help you decide if refinancing a loan in New York makes financial sense for you!

Can I refinance a loan in New York more than once?2022-07-11T11:17:31+00:00

The short answer is yes. You can lower your rate, term or use the refinance process to borrow money for another investment in New York. Some lenders may even waive certain fees if you have used them in the past!

Michael is a True Professional

Michael was a pleasure to work with throughout the whole process of purchasing my first home. From day 1 he was consistently assisting me and checking in on me to make sure I was being guided each step of the way. Michael and his team were very professional, respectful, and helpful throughout my entire process. I am grateful for Michael in the purchase of my first home and will recommend him to anyone. I look forward in working with him in the future on other home purchases or investment opportunities.

Fernando from NY

worked with Michael Colonna

He is seriously the best.

Mike was the best and made a stressful process stress free. We really felt like he cared about us everytime we called. He really knew what he was talking about and keep everything so lighthearted and fun. Would recommend him to anyone. 10/10!

FaithFarrington from NY

worked with Michael Colonna

He was a great lender and helped us to get our first home

He is very good at his job and great person and was very helpful in getting us our home and help us with every question we had and guided us tru the procedure .

ralph007g from NY

worked with Angel Muniz

Thank you!

Mr. Angel helped us buy a house in the Hartford county area. He was very patient with us and very professional. Angel helped my wife and I navigate through the complicated process of applying for the loan and walked us through the application process. Our closing was on time and the process was less complicated than what I imagined. I would recommend him to other friends and family.

opena806 from NY

worked with Angel Muniz

Excellent Person

Excellent person, very kind, Respectful, available at all times and always answers your questions and helps you in the search for your home. It recommends many possible options so that you have your home in the safest way.

Elizabeth Torres from NY

worked with Angel Muniz

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