Compare Today’s Refinance Rates for Hillside, New Jersey 07205
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Hillside, New Jersey 07205.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $15,338 over the lifetime of your mortgage, which translates to a monthly savings of $43 in Hillside and other areas of Union 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.
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Summary of Average Refinances in Hillside, New Jersey 07205
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Hillside, New Jersey 07205
Pureloan has developed an interactive chart to monitor the five largest local lenders in Hillside, NJ 07205, 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 Hillside, New Jersey 07205 from 2024 - 2016
The following historical data provides insights into refinancing trends in Hillside, 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 Hillside, New Jersey 07205
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Hillside, New Jersey 07205, 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 07205
(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