Compare Today’s Refinance Rates for Ocean City, New Jersey 08226
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Ocean City, New Jersey 08226.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $9,002 over the lifetime of your mortgage, which translates to a monthly savings of $25 in Ocean City and other areas of Cape May 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 Ocean City, New Jersey 08226
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Interactive Refinance Rate Projections for Ocean City, New Jersey 08226
Pureloan has developed an interactive chart to monitor the five largest local lenders in Ocean City, NJ 08226, 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 Ocean City, New Jersey 08226 from 2024 - 2016
The following historical data provides insights into refinancing trends in Ocean City, New Jersey and the surrounding Cape May 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 | 50.00% | 66.67% | 48.94% | 44.68% | 70.00% | 58.33% | 62.96% | 55.17% | 64.71% |
avg refi rate | 6.38% | 3.68% | 2.97% | 3.42% | 4.35% | 4.73% | 4.00% | 3.98% | 3.96% |
% 15 year fixed refinance | 50.00% | 33.33% | 34.04% | 38.30% | 20.00% | 33.33% | 29.63% | 24.14% | 11.76% |
avg refi rate | 5.50% | 2.88% | 2.42% | 2.74% | 3.94% | 3.94% | 3.33% | 2.82% | 3.31% |
Avg credit score | 703.50 | 751.87 | 750.30 | 756.72 | 752.95 | 744.83 | 732.41 | 737.45 | 760.29 |
Avg LTV (loan to value) | 49.50% | 55.87% | 67.21% | 66.70% | 71.50% | 61.58% | 72.44% | 70.52% | 64.59% |
Avg DTI (debt to income) | 29.00 | 32.60 | 31.43 | 32.04 | 30.20 | 32.25 | 31.41 | 33.52 | 32.59 |
Avg refinance insurance % | 1.67% | 1.94% | 3.89% | 7.60% | 3.50% | 5.04% | 4.45% | 3.53% |
Best Refinance Brokers around Ocean City, New Jersey 08226
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ocean City, New Jersey 08226, we have compiled a list of top refinance brokers to assist you in the process.
Tony Zagarella
Mortgage Loan Officer
1301 Asbury Ave., 1st Floor
Ocean City, NJ 08226
(800) 464-2484
tony.zagarella@prospectmtg.com
John Martin
Mortgage Loan Officer
1301 Asbury Ave., 1st Floor
Ocean City, NJ 08226
(800) 464-2484
john.martin@prospectmtg.com
Suzanne Bryce
Branch Manager
301 E 10th St Fl STREET1S
Ocean City, NJ 08226
(609) 391-5206
suzanne.bryce@guaranteedrate.com
Wendy Wong
Loan Officer
1001 Asbury Ave
Ocean City, NJ 08226
(609) 927-7722
WWong@ochome.com
Mary Wilson
Loan Officer
1001 Asbury Ave
Ocean City, NJ 08226
(609) 927-7722
MWilson@ochome.com
Address
1301 Asbury Ave., 1st Floor
Ocean City, NJ
Contact
(800) 464-2484
Fax (301) 639-0804
tony.zagarella@prospectmtg.com
Address
1301 Asbury Ave., 1st Floor
Ocean City, NJ
Contact
(800) 464-2484
Fax (301) 639-0804
john.martin@prospectmtg.com
Address
301 E 10th St Fl STREET1S
Ocean City, NJ
Contact
(609) 391-5206
Fax (301) 639-0804
suzanne.bryce@guaranteedrate.com