Gainesville Refinance Mortgage

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Gainesville FL homeowners have been hit the hardest during the down turn of the past 10 years. Many property owners have been forced into foreclosure, and if proper steps are not taken, more foreclosure will follow suit. If you are struggling with mortgage payments and are concerned about foreclosure, First Nationwide Lending can guide clients in the proper direction to ensure you can refinance your Gainesville FL mortgage loan.

What is Gainesville Refinancing?

Most homeowners falsely assume that getting a refinance mortgage means reworking your existing Gainesville Florida mortgage, however, refinancing entails obtaining a new home mortgage to pay off the old one, with taking out a refinancing mortgage you are able to obtain new and more favorable terms.

Benefits of a Gainesville FL Refinance Mortgage

•  Lower interest means, reduced monthly home loan payments.
•  Reduce your mortgage term, allowing you to pay your mortgage loan faster, thereby allowing you to save in interest over the life of the loan
•  Increase the length of your loan term to disburse your payments across a wider time, therefore relieving stress
•  Take out a refinance mortgage to increase your mortgage amount and gain funds for home improvements, kids college or other personal needs

At what point you consider a Gainesville FL refinance?

Refinancing your current mortgage can be extremely beneficial but to fully optimize its pros it must be timed correctly. If you happen to have a fixed home mortgage on your Gainesville FL home and the ongoing rates have dropped below your fixed rate. It might be an opportune time to refinance. In addition, if you are less than 10 years into a 30 year home mortgage and the interest rate are below what you’re paying now, then you will gain from Gainesville FL refinance mortgages.

Refinancing can be somewhat challenging in today’s environment but with the assistance of First Nationwide Lending you can determine what may be the plan of action that would be best with respect to your existing Gainesville FL home mortgage. For consultation and guidance regarding mortgage refinancing please contact First Nationwide Lending at (877) 442-4023 or complete a rate quote form to get pre-qualified.

First Nationwide Lending offers home owners, and those look to refinance, a variety of different financial options, including, but not limited to: purchase mortgages, refinance loans, reverse mortgage loans, USDA loans, FHA home loans, jumbo mortgage loans, HARP refinance mortgages, and VA loans.

 

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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