Refinance in Florida
When current mortgage rates are down, it is a good time to refinance your home. The average home in Florida is able to save more than 35 percent, by using a rate-and-term refinance. The meaning of that is for every $1000 you pay your Florida mortgage broker today, you will save $350 per month. That could add up to $42,000 saved over the next 10 years. Currently, there are an estimated 7.5 million home owners that are eligible for a refinance and are unaware of their eligibility. NSH Mortgage executes a refinance in Florida at the right time, allowing our clients to save the maximum amount of money and home equity on their loan.
Is It Your Time To Refinance In Florida?
Many people dream of owning a home, but sometimes when they finally get their hands on their dream it turns into a financial nightmare. This can be especially true for those whose financial situations change from the time that they got their original loans. However, it's possible to save a lot of money by getting a refinance in Florida. It is easy to do, but just like every other kind of home investment it's important that people carefully research their options. You need to choose the correct refinance for your unique situation and financial plan. Call NSH Mortgage today to speak to one of our experienced mortgage brokers for your next refinance in Florida.
How Refinancing Your Home Works
A refinance is a fairly simple endeavor on the surface. A homeowner finds a mortgage broker, and looks at that broker's current refinancing rates. The homeowner is looking to see if the current rates are lower than their mortgage rate. If the rates for the loan are lower, then a refinance is the best option for them. By choosing to refinance in Florida, you will save money over the long term, as well as have a better chance of paying your loan off sooner.
Once the refinancing loan has been accepted, the process is fairly straightforward. The new loan is used to pay off the old loan, and it shifts the burden of the loan to the new mortgage broker. From the perspective of the homeowner, nothing really changes except for the address that the loan payment is sent to every month and the savings. However, every home owner should take a long, careful look at refinancing before signing a contract. Make sure that easier payments and lower rates don't translate to a longer loan. This could result in more time and money loss. The only reason you would make that change, is if you needed lower payments to continue to afford your home.
Begin The Refinancing Process Today
NSH Mortgage is an experienced mortgage broker in Florida. We have specialized in refinancing homes for over a decade. If you are thinking about refinancing, or know nothing about it, we can help. We will show you current mortgage rates, while comparing your current rates. This will allow us to see the best financing decision for you. NSH Mortgage strives to provide all of our clients with the easiest and smoothest transaction in their mortgage process.