Compare Today’s Refinance Rates for Passaic, New Jersey 07055
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Passaic, New Jersey 07055.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $32,665 over the lifetime of your mortgage, which translates to a monthly savings of $91 in Passaic and other areas of Passaic 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 Passaic, New Jersey 07055
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Interactive Refinance Rate Projections for Passaic, New Jersey 07055
Pureloan has developed an interactive chart to monitor the five largest local lenders in Passaic, NJ 07055, 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 Passaic, New Jersey 07055 from 2024 - 2016
The following historical data provides insights into refinancing trends in Passaic, New Jersey and the surrounding Passaic 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 | 57.14% | 62.50% | 58.49% | 66.30% | 45.32% | 39.78% | 52.15% | 50.11% | |
avg refi rate | 3.96% | 3.89% | 4.06% | 4.46% | 3.82% | 3.90% | 4.59% | 4.86% | |
% 15 year fixed refinance | 31.43% | 27.75% | 27.22% | 25.41% | 41.63% | 40.06% | 32.95% | 34.23% | |
avg refi rate | 3.29% | 3.16% | 3.34% | 3.60% | 3.05% | 3.22% | 3.87% | 4.26% | |
Avg credit score | 751.92 | 743.22 | 749.23 | 737.04 | 747.57 | 756.85 | 751.26 | 752.36 | |
Avg LTV (loan to value) | 72.23% | 72.02% | 72.25% | 75.11% | 69.69% | 70.17% | 68.03% | 67.58% | |
Avg DTI (debt to income) | 32.26 | 30.53 | 31.04 | 30.88 | 29.28 | 28.51 | 29.61 | 30.27 | |
Avg refinance insurance % | 6.23% | 5.93% | 6.01% | 8.98% | 4.13% | 4.40% | 3.12% | 2.73% |
Best Refinance Brokers around Passaic, New Jersey 07055
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Passaic, New Jersey 07055, we have compiled a list of top refinance brokers to assist you in the process.
Carlos Velez
Mortgage Banker
620 Main Ave
Passaic, NJ 07055
(197) 377-9030
carlos.g.velez@chase.com
R Carrera
Mortgage Loan Officer
198 Lexington Ave
Passaic, NJ 07055
(973) 916-0411
rcarrera@atlantichomeloans.com
Arthur Guglielmo
Mortgage Loan Officer
100 Walnut Ave Ste 101
Clark, NJ 07055
(732) 381-2900
arthur.guglielmo@pncmortgage.com
Nancy Wang
Mortgage Loan Officer
100 Walnut Ave Ste 101
Clark, NJ 07055
(732) 381-2900
lianxia.wang@pncmortgage.com
Richard Buontempo
Mortgage Loan Officer
100 Walnut Ave Ste 101
Clark, NJ 07055
(732) 381-2900
richard.buontempo@pncmortgage.com
Address
620 Main Ave
Passaic, NJ
Contact
(197) 377-9030
Fax (301) 639-0804
carlos.g.velez@chase.com
Address
198 Lexington Ave
Passaic, NJ
Contact
(973) 916-0411
Fax (301) 639-0804
rcarrera@atlantichomeloans.com
Address
100 Walnut Ave Ste 101
Clark, NJ
Contact
(732) 381-2900
Fax (301) 639-0804
arthur.guglielmo@pncmortgage.com