Gainesville Refinance Mortgage

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Gainesville homeowners have been hit the hardest during the economic down turn of the past 10 years. A bunch of property owners have been forced into foreclosure, and if proper steps are not taken, more foreclosure will continue to happen. If you are struggling with mortgage loan payments and fear foreclosure, First Nationwide Lending can assist borrowers in the proper direction to ensure you can refinance your Gainesville home mortgage.

What is Refinancing in Gainesville?

Most home owners make false assumptions that refinancing means reworking your current Gainesville Florida home loan, however, refinancing encompasses taking out a new loan to pay off the old one, with taking out a refinancing mortgage you are able to get new and better terms.

Benefits of a Gainesville Refinance Loan

•  Lower interest rate means, reduced monthly mortgage payments.
•  Reduction in the length of your mortgage loan term, allowing you to pay your mortgage loan quicker, enabling you to save in interest over the life of the loan
•  Lengthen your mortgage term to spread your payments across a larger time frame, 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 mortgage refinance?

Refinancing can be helpful but to fully gain its advantages it must be executed correctly. If you happen to have a fixed mortgage on your Gainesville residence and the rates have dropped below your current mortgage rate. It might be an advantageous time to refinance. Additionally, if you are less than 10 years into a 30 year mortgage and the interest rate are less than what you’re paying now, then you will gain from Gainesville refinance mortgages.

Refinancing can be a tricky proposition but with the assistance of First Nationwide Lending you can find out what may be the best course of action with regards to your current Gainesville loan. 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.

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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