Fort Lauderdale Refinance

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Fort Lauderdale FL homeowners have been hit the hardest during the economic down turn of this decade. Groups of home owners have been forced into foreclosure, and if certain steps are not implemented, more foreclosure will continue to happen. If you are challenged with home mortgage payments and are concerned about losing your home, First Nationwide Lending can assist borrowers in the proper direction so that you can refinance your Fort Lauderdale mortgage loan.

What is Fort Lauderdale Refinancing?

Most home owners falsely assume that refinancing means reworking their current Fort Lauderdale loan, however, refinancing entails obtaining a new mortgage to pay off the old one, with taking out a refinancing mortgage you are able to obtain new and more favorable terms.

Major Benefits of a Fort Lauderdale Mortgage Refinance

•  Lower interest means, reduced monthly home loan term, helping you pay your mortgage quicker, thereby allowing you to save money on interest expenses
•  Lengthen your mortgage term to disburse your payments across a larger time frame, therefore relieving stress
•  Refinancing for a higher loan amount and receive money for home improvements, kids college or other personal needs

When should you consider a Fort Lauderdale mortgage refinance?

Refinancing can be helpful but to fully gain its pros it must be executed correctly. If you happen to have a fixed rate mortgage on your Fort Lauderdale home and the ongoing interest rates have fallen below your fixed rate. It could be an advantageous time to refinance. Additionally, if you’re less than 10 years into a 30 year mortgage and the interest rate are below what you’re paying now, then you will gain from Fort Lauderdale FL refinancing.

Taking out a refinance mortgage can be somewhat challenging in today’s environment but with the help of First Nationwide Lending you can find out what may be the plan of action that would be best with respect to your current Fort Lauderdale FL mortgage. For consultation and guidance regarding refinancing please call First Nationwide Lending at (877) 442-4023 or complete a rate quote form to get pre-qualified.

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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