Streamline Refinance in Florida
Many homemakers resort to refinancing their mortgages to reduce payments for a variety of reasons. If market rates have fallen since you took out your mortgage, if you’re credit score has improved, or if you’re looking to get a little extra cash now, refinancing to lower your monthly payments may be a great option. Despite the bebefits, many people don’t refi because they think it’s too complicated.
The good news is, it doesn’t have to be. If you’re eligible for streamline refinancing programs, you will find that you’re able to reduce both your monthly payments, and the paperwork needed to apply. The process is much quicker and easier than taking out your first mortgage. As the borrower, you stand to benefit with this fast-tracking as they save both time and money while refinancing.
There are different streamline refinance in Florida options for the various loan types like FHA, VA, HARP, and USDA streamline refinancing. In most cases, there will be no credit check involved, along with minimal asset and earnings verification.
Some programs don’t even ask for a new appraisal of the property, making the process much quicker. They just trust and depend on the information provided in the original mortgage application which both quickens the process and increases the chances of approval.
If you’re curious about the idea, but not sure if you apply or where to start, we would be happy to assist. Each refinancing option has its own terms and conditions, which we know like the back of our hands. Let us save you even more time and get the ball rolling. We will assist in not only choosing the right program for you, but also help you through its related application process.
Florida County Mortgage Service Areas