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July 07, 2010
Property owners in the Sunshine State are turning to Florida refi in order to reduce mortgage payments or obtain cash for home improvements, college tuition, or to pay off high interest loans and credit card debt.
When borrowers enter into Florida refi they are taking out a new home mortgage loan. Therefore, borrowers should be prepared to provide financial records to exhibit they are credit worthy. Borrowers must also be financially prepared for upfront mortgage refinancing fees.
June 24, 2010
Homeowners in the Sunshine State often turn to Florida mortgage refinance in order to reduce monthly payments. Although refinance rates can range between 2- and 5-percent of the loan value, obtaining a reduction of 2-percent can substantially reduce the overall cost of home mortgages.
By entering into Florida mortgage refinance, borrowers can sometimes obtain cash back which can be used to pay off credit cards, make home improvements, or pay for college tuition. Florida refi is also a good option for homeowners who own investment properties used for seasonal or long term rentals.
June 07, 2010
Florida mortgage refinance is an option available to individuals owning property in the Sunshine State. This popular vacation destination has been hit hard by economic recession, declining home values, and mass mortgage fraud; leaving many homeowners upside-down on their mortgage note.
Property owners who have managed to stay afloat find Florida mortgage refinance an enticing option. By refinancing mortgages, borrowers can obtain a reduced interest rate to lower monthly payments. This is especially helpful for homeowners offering their property as vacation, seasonal or long-term rentals.