Florida Refinance Mortgage

apply-now-todayFlorida home owners have been the hardest hit 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 suit. If you are struggling with mortgage payments and fear foreclosure, First Nationwide Lending can guide you in the right direction so that you can refinance your Florida mortgage.

What is Florida Refinancing?

Most home owners falsely assume that refinancing means reworking your existing mortgage, however, refinancing entails taking out a new mortgage to pay off the old one, with refinancing you are able to new and favorable terms.

Major Benefits of a Florida Refinance

•  Lower interest means, lower monthly mortgage payments.
•  Reduction in the length of your mortgage term, helping you pay your mortgage faster, enabling you to save money on interest expenses
•  Or Increase the length of your mortgage to spread your payments across a wider time, easing your financial stress
•  Refinancing for a higher mortgage amount and gain funds for renovation, college tuition or other miscellaneous expenses

When should you consider a Florida refinance mortgage?

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

Refinancing can be a tricky proposition but with the help of nationwide lending you can find out what may be the best plan of action with regards to you existing mortgage. For consultation and guidance regarding refinancing 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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