Compare Today’s Refinance Rates for Basking Ridge, New Jersey 07920
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Basking Ridge, New Jersey 07920.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $13,098 over the lifetime of your mortgage, which translates to a monthly savings of $36 in Basking Ridge and other areas of Somerset 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 Basking Ridge, New Jersey 07920
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Interactive Refinance Rate Projections for Basking Ridge, New Jersey 07920
Pureloan has developed an interactive chart to monitor the five largest local lenders in Basking Ridge, NJ 07920, 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 Basking Ridge, New Jersey 07920 from 2024 - 2016
The following historical data provides insights into refinancing trends in Basking Ridge, New Jersey and the surrounding Somerset 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 | 100.00% | 41.11% | 39.18% | 47.53% | 53.06% | 53.66% | 42.31% | 48.48% | 27.27% |
| avg refi rate | 6.35% | 3.68% | 3.00% | 3.24% | 4.37% | 4.48% | 4.19% | 4.05% | 3.94% |
| % 15 year fixed refinance | 35.56% | 45.52% | 35.43% | 42.86% | 34.15% | 44.23% | 42.42% | 48.48% | |
| avg refi rate | 3.00% | 2.53% | 2.85% | 3.98% | 4.07% | 3.46% | 3.18% | 3.44% | |
| Avg credit score | 747.17 | 728.57 | 741.76 | 751.19 | 730.82 | 741.44 | 735.75 | 737.98 | 723.30 |
| Avg LTV (loan to value) | 77.83% | 67.73% | 71.14% | 73.58% | 71.29% | 70.68% | 69.02% | 73.23% | 69.73% |
| Avg DTI (debt to income) | 34.50 | 33.43 | 32.93 | 32.05 | 35.08 | 32.95 | 35.69 | 32.83 | 32.61 |
| Avg refinance insurance % | 8.33% | 3.89% | 4.71% | 5.82% | 3.65% | 7.63% | 3.71% | 3.94% | 3.70% |
Best Refinance Brokers around Basking Ridge, New Jersey 07920
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Basking Ridge, New Jersey 07920, we have compiled a list of top refinance brokers to assist you in the process.
Chuck Reed
Mortgage Loan Originator
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ 07920
(973) 532-8745
creed@remn.com
Frank Montufar
Mortgage Loan Originator
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ 07920
(973) 532-8745
fmontufar@remn.com
Thomas Schindler
Mortgage Loan Originator
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ 07920
(973) 532-8745
tschindler@remn.com
Andrew Cameron
Mortgage Loan Originator
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ 07920
(973) 532-8745
acameron@remn.com
David Gottlieb
Mortgage Loan Originator
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ 07920
(973) 532-8745
dgottlieb@remn.com
Address
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ
Contact
(973) 532-8745
Fax (301) 639-0804
creed@remn.com
Address
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ
Contact
(973) 532-8745
Fax (301) 639-0804
fmontufar@remn.com
Address
240 Cedar Knolls Rd Ste 303
Cedar Knolls, NJ
Contact
(973) 532-8745
Fax (301) 639-0804
tschindler@remn.com