Compare Today’s Refinance Rates for South Orange, New Jersey 07079
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in South Orange, New Jersey 07079.
With a 30-year amortization refinance in South Orange and surrounding areas of Essex county, our calculations show that you can expect to save up to $13,973 over the lifetime of your mortgage, or a monthly savings of $39. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for South Orange, New Jersey 07079.
Summary of Average Refinances in South Orange, New Jersey 07079
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Interactive Refinance Rate Projections for South Orange, New Jersey 07079
Pureloan has developed an interactive chart to monitor the five largest local lenders in South Orange, NJ 07079, 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 South Orange, New Jersey 07079 from 2024 - 2016
The following historical data provides insights into refinancing trends in South Orange, New Jersey and the surrounding Essex 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 South Orange, New Jersey 07079
If you are considering refinancing your mortgage or obtaining a cash-out refinance in South Orange, New Jersey 07079, we have compiled a list of top refinance brokers to assist you in the process.
Ed Robinson
Loan Officer Assistant
203 Irvington Avenue Suite 200
South Orange, NJ 07079
(973) 630-7838
edrobinson@eaglehm.com
Wayne Smith
Residential Loan Officer
200 Valley Street
South Orange, NJ 07079
(201) 823-0700
wsmith@bankwithbcb.com
Ralph Lagriola
Residential Loan Officer
200 Valley Street
South Orange, NJ 07079
(201) 823-0700
rlagriola@bankwithbcb.com
N. Parikh
Loan Officer
906 Oak Tree Ave Ste Q
South Plainfield, NJ 07079
(908) 769-5151
nparikh@kwikmtg.com
Peter Simko
Senior Mortgage Consultant
906 Oak Tree Ave Ste R
South Plainfield, NJ 07079
(908) 315-5254
psimko@kwikmtg.com
Address
203 Irvington Avenue Suite 200
South Orange, NJ
Contact
(973) 630-7838
Fax (301) 639-0804
edrobinson@eaglehm.com
Address
200 Valley Street
South Orange, NJ
Contact
(201) 823-0700
Fax (301) 639-0804
wsmith@bankwithbcb.com
Address
200 Valley Street
South Orange, NJ
Contact
(201) 823-0700
Fax (301) 639-0804
rlagriola@bankwithbcb.com