Saint Petersburg Refinance

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Saint Petersburg homeowners have been the hardest hit during the downturn of the past 10 years. Groups of homeowners have been forced into foreclosure, and if proper steps are not taken, more foreclosure will follow. If you are challenged with mortgage payments and are concerned about foreclosure, First Nationwide Lending can guide clients in the proper direction so that you can refinance your Saint Petersburg home loan.

What is Saint Petersburg Refinancing?

Most home owners make false assumptions that getting a refinance mortgage means reworking your current Saint Petersburg loan, however, refinancing encompasses obtaining a new loan to pay off the previous mortgage, with refinancing you are able to obtain new and better terms.

Benefits of a Saint Petersburg Refinance Loan

•  Getting lower rates means, lower monthly mortgage payments.
•  Reduction in the length of your mortgage loan term, helping you pay your mortgage quicker, thereby allowing you to save in interest over the life of the loan
•  Lengthen your loan term to disburse your payments across a larger time frame, therefore relieving stress
•  Take out a refinance mortgage to increase your mortgage loan amount and receive money for home improvements, college tuition or other miscellaneous expenses

When should you contemplate a Saint Petersburg refinance mortgage?

Refinancing can be helpful but to fully gain its advantages it must be timed correctly. If you happen to have a fixed loan on your Saint Petersburg home and the ongoing interest rates have dropped below your fixed rate. It could be an opportune time to refinance. In addition, if you’re less than 10 years into a 30 year loan and the mortgage rates are less than what you’re paying now, then you will gain from Saint Petersburg Florida refinance mortgages.

Taking out a refinance mortgage can be somewhat challenging in today’s environment but with the assistance of First Nationwide Lending you can determine what may be the best course of action with regards to your current Saint Petersburg loan. For consultation and guidance regarding 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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