Compare Today’s Refinance Rates for Ridgewood, New Jersey 07451
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Ridgewood, New Jersey 07451.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $18,526 over the lifetime of your mortgage, which translates to a monthly savings of $51 in Ridgewood and other areas of Bergen 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 Ridgewood, New Jersey 07451
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Interactive Refinance Rate Projections for Ridgewood, New Jersey 07451
Pureloan has developed an interactive chart to monitor the five largest local lenders in Ridgewood, NJ 07451, 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 Ridgewood, New Jersey 07451 from 2024 - 2016
The following historical data provides insights into refinancing trends in Ridgewood, New Jersey and the surrounding Bergen 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 | 89.66% | 68.87% | 55.69% | 48.91% | 75.33% | 67.57% | 63.83% | 63.11% | 71.62% |
avg refi rate | 6.64% | 4.13% | 2.98% | 3.30% | 4.49% | 4.61% | 4.20% | 3.99% | 4.10% |
% 15 year fixed refinance | 10.34% | 21.85% | 29.86% | 33.62% | 15.33% | 16.22% | 24.47% | 30.33% | 20.27% |
avg refi rate | 5.79% | 2.99% | 2.36% | 2.70% | 3.79% | 3.84% | 3.53% | 3.16% | 3.46% |
Avg credit score | 725.03 | 740.58 | 743.69 | 750.25 | 748.17 | 743.23 | 746.50 | 743.80 | 733.20 |
Avg LTV (loan to value) | 65.28% | 66.48% | 72.15% | 73.51% | 73.67% | 74.85% | 76.63% | 74.13% | 75.07% |
Avg DTI (debt to income) | 33.21 | 33.32 | 31.88 | 32.21 | 33.28 | 33.23 | 30.97 | 31.43 | 31.15 |
Avg refinance insurance % | 4.72% | 3.07% | 4.64% | 6.02% | 8.87% | 8.74% | 8.22% | 6.52% | 6.31% |
Best Refinance Brokers around Ridgewood, New Jersey 07451
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ridgewood, New Jersey 07451, we have compiled a list of top refinance brokers to assist you in the process.
Louis Spano
Loan Officer
41 Oak Street
Ridgewood, NJ 07451
(914) 251-2493
lou.spano@pncmortgage.com
Rey Sewnath
Loan Officer
41 Oak Street
Ridgewood, NJ 07451
(914) 251-2493
rawish.sewnath@pncmortgage.com
John Sanfilippo
Loan Officer
41 Oak Street
Ridgewood, NJ 07451
(914) 251-2493
john.sanfilippo@pncmortgage.com
Toby Robinson
Loan Officer
41 Oak Street
Ridgewood, NJ 07451
(914) 251-2493
tobyann.robinson@pncmortgage.com
Layla Perdomo
Loan Officer
41 Oak Street
Ridgewood, NJ 07451
(914) 251-2493
layla.perdomo@pncmortgage.com
Address
41 Oak Street
Ridgewood, NJ
Contact
(914) 251-2493
Fax (301) 639-0804
lou.spano@pncmortgage.com
Address
41 Oak Street
Ridgewood, NJ
Contact
(914) 251-2493
Fax (301) 639-0804
rawish.sewnath@pncmortgage.com
Address
41 Oak Street
Ridgewood, NJ
Contact
(914) 251-2493
Fax (301) 639-0804
john.sanfilippo@pncmortgage.com