Miami Beach Refinance

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Miami Beach homeowners have been hit the hardest during the economic down turn of this decade. Many home owners have succumbed to foreclosure, and if proper steps are not taken, more foreclosure will follow. If you are challenged with home loan payments and are concerned about foreclosure, First Nationwide Lending can guide borrowers in the proper direction so that you can refinance your Miami Beach home loan.

What is Miami Beach Refinancing?

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

Benefits of a Miami Beach Refinance

•  Lower interest means, reduced monthly loan payments.
•  Reduce your mortgage term, helping you pay your home loan quicker, thereby allowing you to save in interest over the life of the loan
•  Lengthen your mortgage term to spread your payments across a wider time, easing your financial stress
•  Take out a refinance mortgage to increase your loan amount and gain funds for home improvements, college tuition or other miscellaneous expenses

At what point you consider a Miami Beach refinance?

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

Refinancing your mortgage can be somewhat challenging in today’s environment but with the assistance of First Nationwide Lending you can find out what may be the best course of action with respect to your existing Miami Beach mortgage loan. For assistance with 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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