Compare Today’s Refinance Rates for Oak Ridge, New Jersey 07438
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Oak Ridge, New Jersey 07438.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $15,198 over the lifetime of your mortgage, which translates to a monthly savings of $42 in Oak Ridge and other areas of Sussex 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 Oak Ridge, New Jersey 07438
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Interactive Refinance Rate Projections for Oak Ridge, New Jersey 07438
Pureloan has developed an interactive chart to monitor the five largest local lenders in Oak Ridge, NJ 07438, 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 Oak Ridge, New Jersey 07438 from 2024 - 2016
The following historical data provides insights into refinancing trends in Oak Ridge, New Jersey and the surrounding Sussex 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 | 90.00% | 56.34% | 56.58% | 59.39% | 78.46% | 75.61% | 73.81% | 66.07% | 68.42% |
| avg refi rate | 6.47% | 4.22% | 2.96% | 3.35% | 4.49% | 4.51% | 4.15% | 4.01% | 4.01% |
| % 15 year fixed refinance | 10.00% | 29.58% | 28.95% | 28.48% | 9.23% | 12.20% | 16.67% | 19.64% | 28.95% |
| avg refi rate | 6.50% | 2.85% | 2.47% | 2.76% | 3.33% | 4.30% | 3.37% | 3.33% | 3.25% |
| Avg credit score | 742.30 | 736.87 | 756.82 | 759.03 | 752.25 | 756.76 | 739.00 | 749.16 | 758.42 |
| Avg LTV (loan to value) | 70.50% | 61.80% | 66.60% | 68.02% | 73.28% | 69.07% | 72.12% | 72.54% | 71.58% |
| Avg DTI (debt to income) | 39.50 | 34.55 | 32.44 | 30.96 | 34.45 | 32.44 | 33.67 | 33.25 | 31.00 |
| Avg refinance insurance % | 5.00% | 3.24% | 3.16% | 3.56% | 6.35% | 4.10% | 4.50% | 5.75% | 2.61% |
Best Refinance Brokers around Oak Ridge, New Jersey 07438
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Oak Ridge, New Jersey 07438, we have compiled a list of top refinance brokers to assist you in the process.
MICHAEL CAREW
Loan Officer
875 State Rt 17
Ramsey, NJ 07438
(201) 934-4500
michael.carew@wellsfargo.com
SCOTT ANDERSON
Loan Officer
875 State Rt 17
Ramsey, NJ 07438
(201) 934-4500
scott.t.anderson@wellsfargo.com
WILLIAM OCHOA
Loan Officer
875 State Rt 17
Ramsey, NJ 07438
(201) 934-4500
william.ochoa@wellsfargo.com
ROBERT CARAVELLA
Loan Officer
875 State Rt 17
Ramsey, NJ 07438
(201) 934-4500
robert.caravella@wellsfargo.com
Liberato Lavarino
Mortgage Loan Originator
26-01 Pellack Dr
Fair Lawn, NJ 07438
(201) 398-0800
lavlp25@yahoo.com
Address
875 State Rt 17
Ramsey, NJ
Contact
(201) 934-4500
Fax (301) 639-0804
michael.carew@wellsfargo.com
Address
875 State Rt 17
Ramsey, NJ
Contact
(201) 934-4500
Fax (301) 639-0804
scott.t.anderson@wellsfargo.com
Address
875 State Rt 17
Ramsey, NJ
Contact
(201) 934-4500
Fax (301) 639-0804
william.ochoa@wellsfargo.com