Compare Today’s Refinance Rates for Scotch Plains, New Jersey

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Scotch Plains, New Jersey 07076. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Scotch Plains and surrounding areas of Union county, your expected lifetime cash savings are $9,445 or $26 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Scotch Plains, New Jersey 07076.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Scotch Plains, New Jersey 07076

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Scotch Plains, NJ

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Scotch Plains, NJ 07076, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Scotch Plains, NJ

Refinance Rates for Scotch Plains, New Jersey 07076 from 2013 - 2020

Below are historical data on refinancing in Scotch Plains, New Jersey and around Union county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 58.21% 57.32% 46.80% 52.61% 68.20% 58.08% 57.74% 59.88%
avg refi rate 4.82% 4.57% 3.91% 3.76% 4.48% 4.08% 3.95% 4.10%
% 15 year fixed refinance 29.01% 30.27% 37.19% 37.15% 19.82% 26.46% 30.13% 29.01%
avg refi rate 4.19% 3.77% 3.25% 3.03% 3.73% 3.28% 3.15% 3.26%
Avg credit score 749.90 742.88 753.81 750.86 743.34 746.59 738.95 742.22
Avg LTV (loan to value) 68.99% 70.87% 70.08% 71.91% 74.77% 75.81% 74.12% 75.10%
Avg DTI (debt to income) 30.48 30.12 28.93 29.68 31.69 31.56 32.03 33.20
Avg refinance insurance % 2.94% 3.76% 3.52% 5.12% 6.27% 7.23% 6.89% 6.60%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Scotch Plains, New Jersey 07076

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Scotch Plains, New Jersey 07076, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

N. Parikh

Loan Officer

906 Oak Tree Ave Ste Q

South Plainfield, NJ 07076

(908) 769-5151

nparikh@kwikmtg.com

Peter Simko

Senior Mortgage Consultant

906 Oak Tree Ave Ste R

South Plainfield, NJ 07076

(908) 315-5254

psimko@kwikmtg.com

Punit Shah

Senior Mortgage Consultant

906 Oak Tree Ave Ste R

South Plainfield, NJ 07076

(908) 315-5365

pshah@kwikmtg.com

Gopal Patel

Senior Mortgage Consultant

906 Oak Tree Ave Ste R

South Plainfield, NJ 07076

(908) 315-5261

gpatel@kwikmtg.com

Lourdes Corrales

Senior Mortgage Consultant

906 Oak Tree Ave Ste R

South Plainfield, NJ 07076

(908) 769-5151

lcorrales@kwikmtg.com

Address

906 Oak Tree Ave Ste Q

South Plainfield, NJ

Contact

(908) 769-5151

Fax (301) 639-0804

nparikh@kwikmtg.com

Address

906 Oak Tree Ave Ste R

South Plainfield, NJ

Contact

(908) 315-5254

Fax (301) 639-0804

psimko@kwikmtg.com

Address

906 Oak Tree Ave Ste R

South Plainfield, NJ

Contact

(908) 315-5365

Fax (301) 639-0804

pshah@kwikmtg.com

Refinancing News for Scotch Plains, New Jersey 07076