Compare Today’s Refinance Rates for Elizabeth, New Jersey 07206
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Elizabeth, New Jersey 07206.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Elizabeth, New Jersey 07206. For 30-year amortization refinancing, you can expect lifetime cash savings of $12,177 or $34 per month in Elizabeth and other parts of Union county.
40.653207
-74.192487
2619
Summary of Average Refinances in Elizabeth, New Jersey 07206
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Elizabeth, New Jersey 07206
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Elizabeth, New Jersey 07206
Pureloan has developed an interactive chart to monitor the five largest local lenders in Elizabeth, NJ 07206, 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 Elizabeth, New Jersey 07206 from 2024 - 2016
The following historical data provides insights into refinancing trends in Elizabeth, New Jersey and the surrounding Union 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 | 89.47% | 66.82% | 59.14% | 56.08% | 69.59% | 70.26% | 59.26% | 61.34% | 59.79% |
avg refi rate | 6.29% | 3.94% | 2.99% | 3.25% | 4.29% | 4.53% | 4.13% | 3.91% | 4.07% |
% 15 year fixed refinance | 5.26% | 21.08% | 25.44% | 29.31% | 20.18% | 21.54% | 27.78% | 28.75% | 24.83% |
avg refi rate | 5.38% | 2.87% | 2.45% | 2.77% | 3.58% | 3.85% | 3.32% | 3.12% | 3.29% |
Avg credit score | 747.11 | 743.12 | 750.55 | 757.28 | 750.03 | 742.79 | 745.29 | 751.32 | 747.07 |
Avg LTV (loan to value) | 69.58% | 68.57% | 71.98% | 74.21% | 74.25% | 73.83% | 75.19% | 75.61% | 74.26% |
Avg DTI (debt to income) | 36.18 | 33.37 | 31.45 | 30.71 | 32.36 | 33.44 | 32.81 | 31.45 | 31.22 |
Avg refinance insurance % | 4.95% | 3.49% | 4.06% | 5.93% | 6.06% | 5.77% | 5.16% | 7.48% | 5.80% |
Best Refinance Brokers around Elizabeth, New Jersey 07206
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Elizabeth, New Jersey 07206, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Tom Calugay
Mortgage Banker
1152 Liberty Ave
Hillside, NJ 07206
(190) 844-7275
tom.a.calugay@chase.com
Address
1152 Liberty Ave
Hillside, NJ
Contact
(190) 844-7275
Fax (301) 639-0804
tom.a.calugay@chase.com