Fort Lauderdale Refinance

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Fort Lauderdale home owners have been hit the hardest during the down turn of this decade. Groups of home owners have succumbed to foreclosure, and if certain steps are not implemented, more foreclosure will follow suit. If you are challenged with home mortgage payments and are concerned about foreclosure, First Nationwide Lending can guide borrowers in the proper direction so that you can refinance your Fort Lauderdale mortgage loan.

What is Fort Lauderdale Refinancing?

Most homeowners make false assumptions that refinancing means reworking their current Fort Lauderdale home loan, however, refinancing entails obtaining a new loan to pay off the old one, with refinancing you are able to get new and more favorable terms.

Major Benefits of a Fort Lauderdale Refinance Loan

•  Lower interest means, reduced monthly loan payments.
•  Reduce your mortgage loan term, allowing you to pay your home loan quicker, enabling you to save in interest over the life of the loan
•  Increase the length of your home loan term to disburse your payments over a larger time frame, easing your financial stress
•  Refinancing for a higher loan amount and receive money for renovation, college tuition or other personal needs

When should you contemplate a Fort Lauderdale Florida mortgage refinance?

Refinancing can be extremely beneficial but to fully optimize its advantages it must be executed correctly. If you come across a fixed rate mortgage loan on your Fort Lauderdale property and the interest rates have dropped below your fixed rate. It could be an advantageous time to refinance. In addition, if you’re less than 10 years into a 30 year mortgage loan and the mortgage rates are below what you’re paying now, then you will gain from Fort Lauderdale Florida refinancing.

Taking out a refinance mortgage can be somewhat challenging in today’s environment but with the assistance of First Nationwide Lending you can determine what may be the best plan of action with regards to your current Fort Lauderdale loan. For assistance with mortgage refinancing please contact 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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