Compare Today’s Refinance Rates for Scotch Plains, New Jersey 07076
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Scotch Plains, New Jersey 07076.
With a 30-year amortization refinance in Scotch Plains and surrounding areas of Union county, our calculations show that you can expect to save up to $11,784 over the lifetime of your mortgage, or a monthly savings of $33. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Scotch Plains, New Jersey 07076.
Summary of Average Refinances in Scotch Plains, New Jersey 07076
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Interactive Refinance Rate Projections for Scotch Plains, New Jersey 07076
Pureloan has developed an interactive chart to monitor the five largest local lenders in Scotch Plains, NJ 07076, 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 Scotch Plains, New Jersey 07076 from 2024 - 2016
The following historical data provides insights into refinancing trends in Scotch Plains, New Jersey and the surrounding Union 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 | 59.88% | 57.74% | 58.08% | 68.20% | 52.61% | 46.80% | 57.32% | 58.21% | |
avg refi rate | 4.10% | 3.95% | 4.08% | 4.48% | 3.76% | 3.91% | 4.57% | 4.82% | |
% 15 year fixed refinance | 29.01% | 30.13% | 26.46% | 19.82% | 37.15% | 37.19% | 30.27% | 29.01% | |
avg refi rate | 3.26% | 3.15% | 3.28% | 3.73% | 3.03% | 3.25% | 3.77% | 4.19% | |
Avg credit score | 742.22 | 738.95 | 746.59 | 743.34 | 750.86 | 753.81 | 742.88 | 749.90 | |
Avg LTV (loan to value) | 75.10% | 74.12% | 75.81% | 74.77% | 71.91% | 70.08% | 70.87% | 68.99% | |
Avg DTI (debt to income) | 33.20 | 32.03 | 31.56 | 31.69 | 29.68 | 28.93 | 30.12 | 30.48 | |
Avg refinance insurance % | 6.60% | 6.89% | 7.23% | 6.27% | 5.12% | 3.52% | 3.76% | 2.94% |
Best Refinance Brokers around Scotch Plains, New Jersey 07076
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Scotch Plains, New Jersey 07076, we have compiled a list of top refinance brokers to assist you in the process.
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