Compare Today’s Refinance Rates for Lincoln Park, New Jersey 07035
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lincoln Park, New Jersey 07035.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $17,698 over the lifetime of your mortgage, which translates to a monthly savings of $49 in Lincoln Park and other areas of Morris 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 Lincoln Park, New Jersey 07035
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Interactive Refinance Rate Projections for Lincoln Park, New Jersey 07035
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lincoln Park, NJ 07035, 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 Lincoln Park, New Jersey 07035 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lincoln Park, New Jersey and the surrounding Morris 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 | 43.64% | 65.38% | 54.97% | 71.82% | 44.23% | 50.00% | 54.37% | 50.00% | |
| avg refi rate | 4.07% | 3.92% | 4.12% | 4.44% | 3.74% | 3.91% | 4.64% | 4.89% | |
| % 15 year fixed refinance | 40.00% | 26.37% | 34.44% | 20.00% | 40.00% | 34.76% | 28.64% | 33.93% | |
| avg refi rate | 3.18% | 3.23% | 3.32% | 3.55% | 3.08% | 3.22% | 3.93% | 4.29% | |
| Avg credit score | 742.40 | 741.85 | 742.90 | 738.65 | 751.95 | 750.54 | 751.33 | 753.96 | |
| Avg LTV (loan to value) | 72.56% | 73.25% | 70.85% | 74.56% | 68.01% | 70.06% | 67.67% | 67.78% | |
| Avg DTI (debt to income) | 32.80 | 33.87 | 31.99 | 31.80 | 30.13 | 29.26 | 32.17 | 30.05 | |
| Avg refinance insurance % | 4.56% | 5.78% | 5.11% | 4.49% | 3.88% | 3.50% | 2.79% | 2.39% |
Best Refinance Brokers around Lincoln Park, New Jersey 07035
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lincoln Park, New Jersey 07035, we have compiled a list of top refinance brokers to assist you in the process.
Caitlyn Brown
Senior Loan Officer
249 Millburn Ave
Millburn, NJ 07035
(855) 422-6548
CBrown@myinvestorsbank.com
David Ostrowsky
Senior Loan Officer
249 Millburn Ave
Millburn, NJ 07035
(855) 422-6548
DOstrowsky@myinvestorsbank.com
Ed Spaulding
Senior Loan Officer
249 Millburn Ave
Millburn, NJ 07035
(855) 422-6548
ESpaulding@myinvestorsbank.com
Greg Ginn
Senior Loan Officer
249 Millburn Ave
Millburn, NJ 07035
(855) 422-6548
GGinn@myinvestorsbank.com
Larry Aboudi
Senior Loan Officer
249 Millburn Ave
Millburn, NJ 07035
(855) 422-6548
LAboudi@myinvestorsbank.com
Address
249 Millburn Ave
Millburn, NJ
Contact
(855) 422-6548
Fax (301) 639-0804
CBrown@myinvestorsbank.com
Address
249 Millburn Ave
Millburn, NJ
Contact
(855) 422-6548
Fax (301) 639-0804
DOstrowsky@myinvestorsbank.com
Address
249 Millburn Ave
Millburn, NJ
Contact
(855) 422-6548
Fax (301) 639-0804
ESpaulding@myinvestorsbank.com