Saint Petersburg Refinance

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Saint Petersburg FL home owners have been the hardest hit during the down turn of the past 10 years. Groups of home owners have been forced into foreclosure, and if proper steps are not implemented, more foreclosure will take place. If you are challenged with mortgage payments and are concerned about foreclosure, First Nationwide Lending can assist clients in the right direction to ensure you can refinance your Saint Petersburg home loan.

What is Saint Petersburg Refinancing?

Most home owners falsely assume that getting a refinance mortgage means reworking your current Saint Petersburg loan, however, refinancing encompasses taking out a new mortgage to pay off the old mortgage, with taking out a refinancing mortgage you are able to get new and more favorable terms.

Added Benefits of a Saint Petersburg Mortgage Refinance

•  Getting lower rates means, lower monthly mortgage payments.
•  Reduce your mortgage loan term, allowing you to pay your mortgage faster, enabling you to save money on interest expenses
•  Increase the length of your loan term to spread your payments over a larger time frame, therefore relieving stress
•  Take out a refinance mortgage to increase your home mortgage amount and gain funds for home improvements, kids college or other personal needs

When should you consider a Saint Petersburg refinance?

Refinancing can be helpful but to fully optimize its pros it must be timed correctly. If you come across a fixed loan on your Saint Petersburg home and the refinance rates have dropped below your current mortgage rate. It might be an advantageous time to refinance. Additionally, if you’re less than one third of the way through your loan and the interest rate are below what you’re paying now, then you will gain from Saint Petersburg FL refinancing.

Refinancing your mortgage can be a tricky proposition but with the help of First Nationwide Lending you can determine what may be the plan of action that would be best with respect to your current Saint Petersburg FL mortgage. For assistance with refinance your mortgage please contact 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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