Mortgage Refinance in Florida
Want to reduce your mortgage rate, change your interest rate format, or consolidate debts?
Refinancing your mortgage can help you to achieve these or other goals, bringing financial flexibility back into your life.
America’s Mortgage Solutions helps homeowners throughout the state of Florida to refinance quickly and affordably.
Why Refinance Your Mortgage?
The possible benefits of refinancing your home loan depend on your individual scenario. But here are some of the possibilities:
- Start paying a lower interest rate on your mortgage.
- Stop paying an adjustable interest rate, locking in a fixed rate instead.
- Stop paying a fixed interest rate, and pay an adjustable rate if it benefits you.
- Get rid of your mortgage insurance.
- Change the length of your mortgage.
- Consolidate debts.
- Tap into home equity.
- Renegotiate terms of your mortgage.
Scenarios Where Refinancing in Florida May Be Beneficial
For many homeowners, it is not easy to know when to refinance. Will the benefits outweigh the costs?
That is again a question where the answer depends on your individual needs. We can help you calculate how much money you could potentially save with a refinance when you contact us for your consultation.
But in the meantime, here are some examples of scenarios where we might recommend a refinance.
Maybe you originally applied for a mortgage with a much lower credit score and income. You now qualify for better rates. Refinancing could allow you to start paying those lower rates.
Have interest rates dropped? Refinancing might allow you to pay today’s lower rates instead of the rates you locked in years ago. In some situations, you also might be able to reduce your loan term without your monthly payments going up much.
Has your adjustable rate mortgage become expensive? Would you be paying less if you had a fixed rate mortgage with today’s rates? We can help you refinance to those rates.
Perhaps you just discovered that you will be moving out of your home in a year or two. Refinancing could save you money with a low introductory rate on an adjustable rate mortgage if you have a fixed rate mortgage currently.
You pay for mortgage insurance, and you want to drop it. Your equity makes that possible, but you might need to refinance to make it happen.
You have a lot of high interest debts that you do not expect to pay off anytime soon. You want to reduce the interest rate on them to save with a refinance.
Other situations also exist where refinancing may be helpful.
Keep in mind that sometimes, however, you do not have to refinance to make changes to your home loan. Simply recasting may be all you need to do for an adjustment in loan term, for example.
We can help you to examine all of your options during your consultation. We want to find the avenue that will be most affordable and convenient for you.
Refinance and Save Now
If you think it might be time to refinance in Florida, America’s Mortgage Solutions can walk you through the process. Please call (561) 316-6800 to schedule your consultation. We work with homeowners in North Palm Beach, West Palm Beach, and beyond.
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America’s Mortgage Solutions is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.