Compare Today’s Refinance Rates for Summit, New Jersey

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Summit, New Jersey 07902. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Summit and surrounding areas of Union county, your expected lifetime cash savings are $16,258 or $45 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Summit, New Jersey 07902.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Summit, New Jersey 07902

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Summit, NJ

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Summit, NJ 07902, 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 Summit, NJ

Refinance Rates for Summit, New Jersey 07902 from 2013 - 2020

Below are historical data on refinancing in Summit, 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 53.29% 41.87% 51.91% 49.80% 50.76% 60.83% 53.97% 41.46%
avg refi rate 4.84% 4.43% 3.86% 3.64% 4.49% 4.00% 3.81% 3.90%
% 15 year fixed refinance 33.03% 39.73% 33.23% 37.96% 37.06% 26.73% 36.36% 42.68%
avg refi rate 4.28% 3.77% 3.25% 2.94% 3.51% 3.21% 3.06% 3.06%
Avg credit score 767.67 767.56 769.51 765.74 752.54 758.16 761.08 757.24
Avg LTV (loan to value) 56.90% 58.52% 59.31% 60.10% 65.06% 65.47% 64.89% 62.02%
Avg DTI (debt to income) 29.81 31.32 30.56 30.81 33.28 32.83 31.97 33.07
Avg refinance insurance % 0.50% 0.93% 0.81% 1.46% 2.16% 2.31% 1.80% 1.97%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Summit, New Jersey 07902

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Summit, New Jersey 07902, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

ANDREA LOMONACO

Loan Officer

190 River Rd

Summit, NJ 07902

(908) 608-2210

Andrea.Lomonaco@wellsfargo.com

MICHAEL LOMIO

Loan Officer

190 River Rd

Summit, NJ 07902

(908) 608-2210

michael.lomio@wellsfargo.com

GREGG LUBBA

Loan Officer

190 River Rd

Summit, NJ 07902

(908) 608-2210

Gregg.Lubba@wellsfargo.com

BRENDA GIORDANO

Loan Officer

190 River Rd

Summit, NJ 07902

(908) 608-2210

Brenda.S.Giordano@wellsfargo.com

RICKIE KNACKSTEDT

Loan Officer

190 River Rd

Summit, NJ 07902

(908) 608-2210

rickie.knackstedt@wellsfargo.com

Address

190 River Rd

Summit, NJ

Contact

(908) 608-2210

Fax (301) 639-0804

Andrea.Lomonaco@wellsfargo.com

Address

190 River Rd

Summit, NJ

Contact

(908) 608-2210

Fax (301) 639-0804

michael.lomio@wellsfargo.com

Address

190 River Rd

Summit, NJ

Contact

(908) 608-2210

Fax (301) 639-0804

Gregg.Lubba@wellsfargo.com

Refinancing News for Summit, New Jersey 07902