Miami Beach Refinance

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Miami Beach homeowners have been hit the hardest during the downturn of the past 10 years. Groups of home owners have lost their home by means of foreclosure, and if certain steps are not taken, more foreclosure will follow. If you are challenged with mortgage loan payments and are concerned about foreclosure, First Nationwide Lending can assist clients in the proper direction to ensure you can refinance your Miami Beach home loan.

What is Miami Beach Refinancing?

Most home owners make false assumptions that refinancing means reworking their existing Miami Beach loan, however, refinancing encompasses obtaining a new mortgage to pay off the previous one, with taking out a refinancing mortgage you are able to get new and better terms.

Added Benefits of a Miami Beach Refinance Loan

•  Lower interest rate means, reduced monthly loan payments.
•  Reduce your mortgage loan term, allowing you to pay your mortgage loan quicker, thereby allowing you to save money on interest expenses
•  Lengthen your mortgage term to spread your payments across a larger time frame, easing your financial stress
•  Refinancing for a higher mortgage amount and gain funds for renovation, college tuition or other personal needs

At what point you contemplate a Miami Beach refinance?

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

Refinancing 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 respect to your existing Miami Beach mortgage. For consultation and guidance regarding refinance your mortgage 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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