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!

Fantastic

Greg went above and beyond for us! He truly helped us understand our options and made a stressful time a little less stressful. It’s clear that he is passionate and knowledgeable at what he does. Forever grateful for his help.

katiereilly1102 from NY

worked with Gregory Bellezza

All Pro!

I do not usually write reviews for anything. , I had to show my appreciation for Hunter. He is all pro and top tier in his industry in my opinion. As stressful as purchasing a home can be, he always answered my calls/texts even late at night. He is extremely proficient and patient in explaining every part of the process and how to address any complexities. He got the job done for us and will for you as well.

NJ Veteran from NY

worked with Hunter Fields

Great person to work with

It was great working with Connor and his team. They are very professional and efficient. They were available to answer any questions I had. He was always available by phone and emails.

zuser201406260544091 from NY

worked with Connor Panzner

Excellent Service

I am truly impressed with the direct support, excellent service and welcoming atmosphere, I received from Stephen Garden and the Team. Been a first time home buyer, I was a bit overwhelmed, and knew that I had much to learn. Stephen is a professional, very dedicated and an expert at what he does. He guided and supported me throughout the entire process. Responded to all my questions and concerns with clarity and precision. He invested hours of personal attention to ensure the home purchase was smooth and straightforward. I highly recommend his service to everyone who needs them. Thank you Stephen and Interstate Home Loan Center. Well done.

Artnel Crosby from NY

worked with Stephen Garden

The best

Honestly, what more can I say about him that my fiancé hasn’t. He took care of everything at rapid pace, with precision and took the time to explain everything to us. He is exceptional about what he does an cares about his clients. I can’t say enough great things about him

bherman23 from NY

worked with Connor Panzner

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