Compare Today’s Refinance Rates for South River, New Jersey 08882
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in South River, New Jersey 08882.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $22,531 over the lifetime of your mortgage, which translates to a monthly savings of $63 in South River and other areas of Middlesex 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.
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Summary of Average Refinances in South River, New Jersey 08882
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for South River, New Jersey 08882
Pureloan has developed an interactive chart to monitor the five largest local lenders in South River, NJ 08882, 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 River, New Jersey 08882 from 2024 - 2016
The following historical data provides insights into refinancing trends in South River, New Jersey and the surrounding Middlesex 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 | 75.00% | 64.81% | 58.71% | 46.83% | 62.96% | 62.07% | 47.73% | 64.00% | 53.85% |
avg refi rate | 6.79% | 3.71% | 3.00% | 3.38% | 4.36% | 4.70% | 4.43% | 4.05% | 4.09% |
% 15 year fixed refinance | 16.67% | 28.86% | 37.30% | 18.52% | 34.48% | 45.45% | 32.00% | 28.21% | |
avg refi rate | 2.72% | 2.43% | 2.89% | 3.97% | 4.00% | 3.52% | 3.35% | 3.36% | |
Avg credit score | 740.00 | 742.93 | 759.04 | 763.79 | 759.15 | 745.38 | 744.41 | 747.20 | 762.05 |
Avg LTV (loan to value) | 70.75% | 63.81% | 65.53% | 67.56% | 62.78% | 66.21% | 66.00% | 70.62% | 68.72% |
Avg DTI (debt to income) | 38.00 | 34.20 | 32.67 | 33.22 | 36.70 | 34.79 | 34.95 | 32.74 | 28.46 |
Avg refinance insurance % | 3.00% | 1.81% | 2.10% | 2.56% | 2.04% | 2.52% | 2.09% | 4.78% | 3.46% |
Best Refinance Brokers around South River, New Jersey 08882
If you are considering refinancing your mortgage or obtaining a cash-out refinance in South River, New Jersey 08882, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
T Zorn
Mortgage Loan Officer
1254 State Route 27 Ste 5
North Brunswick, NJ 08882
(732) 846-4646
tzorn@arkmortgage.com
Dwain Drinkard
Mortgage Banker
1550 US Highway 130
North Brunswick, NJ 08882
(173) 231-6519
dwain.j.drinkard@chase.com
Address
1254 State Route 27 Ste 5
North Brunswick, NJ
Contact
(732) 846-4646
Fax (301) 639-0804
tzorn@arkmortgage.com
Address
1550 US Highway 130
North Brunswick, NJ
Contact
(173) 231-6519
Fax (301) 639-0804
dwain.j.drinkard@chase.com