Compare Today’s Refinance Rates for Fanwood, New Jersey 07023
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Fanwood, New Jersey 07023.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Fanwood, New Jersey 07023. For 30-year amortization refinancing, you can expect lifetime cash savings of $16,331 or $45 per month in Fanwood and other parts of Union county.
Summary of Average Refinances in Fanwood, New Jersey 07023
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Interactive Refinance Rate Projections for Fanwood, New Jersey 07023
Pureloan has developed an interactive chart to monitor the five largest local lenders in Fanwood, NJ 07023, 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 Fanwood, New Jersey 07023 from 2024 - 2016
The following historical data provides insights into refinancing trends in Fanwood, 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 | 68.18% | 56.87% | 54.11% | 55.32% | 63.76% | 60.20% | 48.24% | 49.49% | 58.75% |
avg refi rate | 6.39% | 3.80% | 2.99% | 3.24% | 4.36% | 4.67% | 4.24% | 3.96% | 4.17% |
% 15 year fixed refinance | 9.09% | 24.03% | 28.50% | 26.94% | 21.14% | 30.85% | 39.22% | 36.55% | 31.88% |
avg refi rate | 5.50% | 2.77% | 2.47% | 2.76% | 3.71% | 3.96% | 3.45% | 3.22% | 3.40% |
Avg credit score | 750.73 | 737.88 | 755.45 | 754.98 | 739.61 | 736.52 | 740.86 | 744.83 | 750.38 |
Avg LTV (loan to value) | 64.18% | 62.77% | 66.19% | 69.57% | 71.13% | 70.63% | 68.65% | 71.24% | 70.97% |
Avg DTI (debt to income) | 34.64 | 34.04 | 32.17 | 32.01 | 33.69 | 34.12 | 35.13 | 33.92 | 33.78 |
Avg refinance insurance % | 4.18% | 1.25% | 2.33% | 3.67% | 5.46% | 4.78% | 4.07% | 4.40% | 4.43% |
Best Refinance Brokers around Fanwood, New Jersey 07023
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Fanwood, New Jersey 07023, we have compiled a list of top refinance brokers to assist you in the process.
Layla Perdomo
Mortgage Banker
725 River Rd Ste 49
Edgewater, NJ 07023
(120) 196-9214
layla.perdomo@chase.com
Scott Lee
Mortgage Banker
188 Main St
Fort Lee, NJ 07023
(120) 197-8801
scott.h.lee@chase.com
Carlos
Mortgage Loan Officer
211 Ridge Rd
North Arlington, NJ 07023
(201) 955-0045
carlos@crosstatemortgage.com
Rob
Mortgage Consultant
125 Bathurst Ave
North Arlington, NJ 07023
(201) 998-9050
rob@keypointmortgage.com
Baret Kechian
Branch Manager
1099 Wall St W Ste 137
Lyndhurst, NJ 07023
(201) 796-6441
baret.kechian@guaranteedrate.com
Address
725 River Rd Ste 49
Edgewater, NJ
Contact
(120) 196-9214
Fax (301) 639-0804
layla.perdomo@chase.com
Address
188 Main St
Fort Lee, NJ
Contact
(120) 197-8801
Fax (301) 639-0804
scott.h.lee@chase.com
Address
211 Ridge Rd
North Arlington, NJ
Contact
(201) 955-0045
Fax (301) 639-0804
carlos@crosstatemortgage.com