Compare Today’s Refinance Rates for Belleville, New Jersey 07109
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Belleville, New Jersey 07109.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $24,864 over the lifetime of your mortgage, which translates to a monthly savings of $69 in Belleville and other areas of Essex 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 Belleville, New Jersey 07109
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Interactive Refinance Rate Projections for Belleville, New Jersey 07109
Pureloan has developed an interactive chart to monitor the five largest local lenders in Belleville, NJ 07109, 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 Belleville, New Jersey 07109 from 2024 - 2016
The following historical data provides insights into refinancing trends in Belleville, New Jersey and the surrounding Essex 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 | 66.67% | 72.73% | 63.32% | 66.12% | 76.92% | 80.00% | 72.34% | 74.81% | 67.02% |
avg refi rate | 6.39% | 3.95% | 2.95% | 3.18% | 4.19% | 4.65% | 4.09% | 3.87% | 4.09% |
% 15 year fixed refinance | 26.67% | 19.70% | 23.13% | 20.72% | 17.58% | 10.00% | 17.02% | 17.56% | 25.53% |
avg refi rate | 5.97% | 2.84% | 2.45% | 2.76% | 3.61% | 3.89% | 3.41% | 3.22% | 3.38% |
Avg credit score | 730.40 | 739.58 | 743.73 | 748.58 | 746.32 | 734.04 | 732.70 | 737.18 | 730.64 |
Avg LTV (loan to value) | 69.40% | 69.11% | 72.71% | 74.82% | 74.45% | 74.93% | 75.26% | 72.92% | 72.36% |
Avg DTI (debt to income) | 32.33 | 32.59 | 32.04 | 31.41 | 33.27 | 33.59 | 33.88 | 32.92 | 32.51 |
Avg refinance insurance % | 6.07% | 5.20% | 4.84% | 6.87% | 8.29% | 6.33% | 6.45% | 5.72% | 4.43% |
Best Refinance Brokers around Belleville, New Jersey 07109
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Belleville, New Jersey 07109, we have compiled a list of top refinance brokers to assist you in the process.
Carlos Encarnacion
Mortgage Banker
181 Franklin St
Belleville, NJ 07109
(197) 374-3475
carlos.j.encarnacion@chase.com
Mark Slepian
Mortgage Banker
351 Centre St
Nutley, NJ 07109
(120) 131-7114
mark.s.slepian@chase.com
Kenneth Lombardi
Mortgage Banker
351 CENTRE ST
NUTLEY, NJ 07109
(973) 632-3487
kenneth.j.lombardi@chase.com
Thomas Babigian
Loan Officer
232 Pleasant Street
Methuen, MA 07109
(978) 580-0444
tbabigian@greenparkmortgage.com
Address
181 Franklin St
Belleville, NJ
Contact
(197) 374-3475
Fax (301) 639-0804
carlos.j.encarnacion@chase.com
Address
351 Centre St
Nutley, NJ
Contact
(120) 131-7114
Fax (301) 639-0804
mark.s.slepian@chase.com
Address
351 CENTRE ST
NUTLEY, NJ
Contact
(973) 632-3487
Fax (301) 639-0804
kenneth.j.lombardi@chase.com