Refinance Mortgage in Florida



So you are considering refinancing your mortgage because of increased mortgage rates, but the problem is that you do not know when to refinance. If you are considering a refinance mortgage in Florida because of reduced interest rates, it’s best to start with some calculations.

First, it’s important to find out if the interest rates have dropped enough to create a significant reduction in your monthly mortgage payment. Moreover, you should consider a refinance mortgage only if you will be staying in your home long enough to reach the breakeven point of the fees involved in refinancing.

You might also consider a refinance mortgage if your credit score has increased from when you first took out your mortgage. The higher your credit, the better terms you’re likely to get.

Another reason for refinancing is to lengthen the mortgage period so that you end up with reduced monthly payments or change from an ARM to FRM, or vice versa. Once again, to see if this option makes sense, it’s important to do some calculations.

So as you can see, while there are many benefits to refinancing, there are also many factors to consider. Let us help you break down your options and see what makes sense for you and your personal situation.

We will assist you with not only with your calculations, but also help you evaluate your loan needs, help you get you pre-approved, and also help you with the loan application, processing, underwriting, approval and closing processes. We’re here and happy to hear from you.



Florida County Mortgage Service Areas