Florida Cash Out Refinance


Have you been making your mortgage payments for years now? And have you made improvements that have increased your house’s equity? If your answer to both questions is yes, then it’s probably time to refinance your mortgage. More so if you are strapped for cash because you can do a cash out refinance.

But there are several factors to take into consideration. They include the current refinance rates, mortgage rates, closing costs and how much you stand to save on your monthly payments. If you live in Florida, then we are glad to tell you that we can help. Moreira Team is a market-leading mortgage company with real estate experts who can advise you on whether it is the right time to refinance your property. Our staff will consider the current and expected Florida cash out refinance rates to tell you whether it’s the best time to refinance and how much cash you stand to get in the process.

Although there are many reasons to do a Florida cash out refinance, the underlying motivation should be to lower your mortgage interest rates. By reducing your rates, you reduce your monthly payments, which in turn will help you save. How it works is that your lender will lower your interest rates from the rate that you used to take out the mortgage loan to the current market prices. And in the process, you get some cash for any built-up equity in your house.

So essentially the best time to refinance is when market interest rates are lower than what you are currently charged. Based on the current Florida rates, should you refinance your mortgage? Contact us today, and our staff will give you a precise answer based on your current mortgage terms.



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