Compare Today’s Refinance Rates for Paterson, New Jersey 07505
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Paterson, New Jersey 07505.
With a 30-year amortization refinance in Paterson and surrounding areas of Passaic county, our calculations show that you can expect to save up to $16,576 over the lifetime of your mortgage, or a monthly savings of $46. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Paterson, New Jersey 07505.
Summary of Average Refinances in Paterson, New Jersey 07505
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Interactive Refinance Rate Projections for Paterson, New Jersey 07505
Pureloan has developed an interactive chart to monitor the five largest local lenders in Paterson, NJ 07505, 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 Paterson, New Jersey 07505 from 2024 - 2016
The following historical data provides insights into refinancing trends in Paterson, 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 | 87.38% | 52.54% | 53.06% | 55.63% | 60.56% | 56.33% | 45.86% | 48.99% | 44.00% |
avg refi rate | 6.43% | 3.54% | 2.89% | 3.18% | 3.99% | 4.58% | 4.11% | 3.87% | 4.09% |
% 15 year fixed refinance | 8.74% | 30.33% | 32.14% | 31.12% | 26.68% | 30.80% | 42.21% | 38.39% | 42.06% |
avg refi rate | 5.78% | 2.58% | 2.33% | 2.71% | 3.42% | 3.89% | 3.33% | 3.11% | 3.32% |
Avg credit score | 743.96 | 751.30 | 759.20 | 764.42 | 753.78 | 736.95 | 739.95 | 747.91 | 746.41 |
Avg LTV (loan to value) | 55.28% | 57.95% | 65.52% | 69.83% | 71.18% | 63.41% | 64.54% | 67.68% | 69.71% |
Avg DTI (debt to income) | 37.95 | 34.93 | 32.56 | 32.27 | 34.47 | 35.77 | 34.42 | 33.15 | 32.70 |
Avg refinance insurance % | 1.48% | 0.45% | 2.26% | 4.09% | 5.61% | 1.72% | 1.38% | 1.87% | 2.03% |
Best Refinance Brokers around Paterson, New Jersey 07505
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Paterson, New Jersey 07505, we have compiled a list of top refinance brokers to assist you in the process.
Lou D'Angelo
Mortgage Consultant
409 Minnisink Rd
Totowa, NJ 07505
(973) 435-2800
ldangelo@lcdmtg.com
Salvatore Ingui
Mortgage Consultant
409 Minnisink Rd
Totowa, NJ 07505
(973) 435-2800
singui@lcdmtg.com
Peter D'Angelo
Mortgage Consultant
409 Minnisink Rd
Totowa, NJ 07505
(973) 435-2800
pdangelo@lcdmtg.com
Frank Barber
Mortgage Consultant
409 Minnisink Rd
Totowa, NJ 07505
(973) 435-2800
fbarber@lcdmtg.com
Danielle Mattaei
Processor
886 Belmont Ave Ste D
North Haledon, NJ 07505
(973) 423-4343 Ext 10
dmattaei@belmontservices.com
Address
409 Minnisink Rd
Totowa, NJ
Contact
(973) 435-2800
Fax (301) 639-0804
ldangelo@lcdmtg.com
Address
409 Minnisink Rd
Totowa, NJ
Contact
(973) 435-2800
Fax (301) 639-0804
singui@lcdmtg.com
Address
409 Minnisink Rd
Totowa, NJ
Contact
(973) 435-2800
Fax (301) 639-0804
pdangelo@lcdmtg.com