Compare Today’s Refinance Rates for Lakewood, New Jersey 08701
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lakewood, New Jersey 08701.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $10,992 over the lifetime of your mortgage, which translates to a monthly savings of $31 in Lakewood and other areas of Ocean 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 Lakewood, New Jersey 08701
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Interactive Refinance Rate Projections for Lakewood, New Jersey 08701
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lakewood, NJ 08701, 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 Lakewood, New Jersey 08701 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lakewood, New Jersey and the surrounding Ocean 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% | 53.90% | 58.54% | 59.42% | 72.12% | 71.83% | 56.78% | 66.10% | 64.00% |
avg refi rate | 6.25% | 3.74% | 3.03% | 3.38% | 4.27% | 4.55% | 4.17% | 3.92% | 4.11% |
% 15 year fixed refinance | 31.91% | 25.72% | 26.61% | 17.31% | 19.72% | 38.98% | 26.27% | 22.00% | |
avg refi rate | 2.83% | 2.50% | 2.85% | 3.72% | 3.82% | 3.32% | 3.19% | 3.28% | |
Avg credit score | 736.60 | 814.35 | 751.66 | 759.41 | 750.57 | 737.14 | 750.94 | 759.10 | 747.84 |
Avg LTV (loan to value) | 67.40% | 58.89% | 64.97% | 68.83% | 67.24% | 69.58% | 68.17% | 70.53% | 70.11% |
Avg DTI (debt to income) | 33.00 | 32.00 | 30.96 | 30.93 | 32.87 | 34.39 | 31.66 | 32.68 | 32.68 |
Avg refinance insurance % | 6.00% | 0.69% | 1.95% | 3.01% | 4.13% | 3.62% | 3.46% | 4.32% | 3.68% |
Best Refinance Brokers around Lakewood, New Jersey 08701
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lakewood, New Jersey 08701, we have compiled a list of top refinance brokers to assist you in the process.
Jack Buchler
Loan Officer
212 Second Street, Suite 202,
Lakewood NJ, 08701
(732) 905-9600 Ext. 10
jbuchler@fmm.com
Jonathan Reichenberg
Loan Officer
212 Second Street, Suite 202,
Lakewood NJ, 08701
(732) 905-9600 Ext. 10
jreichenberg@fmm.com
Clifford Height
Senior Loan Officer
2520 Highway 35
Manasquan, NJ 08701
(732) 800-0177
cHeight@gateway-funding.com
Ford Grigg
Branch Manager
2520 Highway 35
Manasquan, NJ 08701
(732) 800-0177
fGrigg@gateway-funding.com
Joseph Zardavets
Senior Loan Officer
2520 Highway 35
Manasquan, NJ 08701
(732) 800-0177
jZardavets@gateway-funding.com
Address
212 Second Street, Suite 202,
Lakewood NJ,
Contact
(732) 905-9600 Ext. 10
Fax (301) 639-0804
jbuchler@fmm.com
Address
212 Second Street, Suite 202,
Lakewood NJ,
Contact
(732) 905-9600 Ext. 10
Fax (301) 639-0804
jreichenberg@fmm.com
Address
2520 Highway 35
Manasquan, NJ
Contact
(732) 800-0177
Fax (301) 639-0804
cHeight@gateway-funding.com