Fort Lauderdale Refinance

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Fort Lauderdale homeowners have been the hardest hit during the down turn of the past 10 years. Many homeowners have lost their home by means of foreclosure, and if proper steps are not implemented, more foreclosure will take place. If you are struggling with home loan payments and fear losing your home, First Nationwide Lending can guide clients in the right direction so that you can refinance your Fort Lauderdale mortgage.

What is Refinancing in Fort Lauderdale?

Most property owners make false assumptions that getting a refinance mortgage means reworking their current Fort Lauderdale mortgage, however, refinancing encompasses obtaining a new home mortgage to pay off the old mortgage, with taking out a refinancing mortgage you are able to get new and more favorable terms.

Benefits of a Fort Lauderdale Refinance Loan

•  Lower interest rate means, reduced monthly home loan payments.
•  Reduction in the length of your mortgage loan term, helping you pay your home loan faster, enabling you to save in interest over the life of the loan
•  Increase the length of your loan term to spread your payments over a wider time, easing your financial stress
•  gain funds for home improvements, kids college or other miscellaneous expenses

When should you consider a Fort Lauderdale refinance?

Refinancing can be helpful but to fully optimize its pros it must be timed correctly. If you happen to have a fixed rate home mortgage on your Fort Lauderdale property and the refinance rates have dropped below your fixed rate. It could be an opportune time to refinance. Additionally, if you are less than 10 years into a 30 year home mortgage and the rates are less than your current rate, then you will gain from Fort Lauderdale Florida refinancing.

Refinancing your 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 best course of action with regards to your current Fort Lauderdale home mortgage. For assistance with mortgage 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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