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Miami Mortgage refinancing

Take Advantage of Historically Low Interest Rates to Guarantee Lower Monthly Payments and Save Thousands of Dollars Over the Life of Your Miami Mortgage Loan

Reasons to Refinance a Miami Home Loan

There are many reasons why refinancing can make a lot of sense. Below we mention some of them.

If you think you’re a good candidate for home refinancing, let us know and we’ll be happy to help. Now is the right time to refinance your mortgage in Miami for the very low rates available. Take advantage and guarantee these types of interest for the rest of the life of your mortgage in Miami.

  • Get a Lower Payment

    You can take advantage of historically low interest rates

  • Have Money in Hand

    If you have large expenses or major purchases, doing a cash-out refinance may be a great idea. However, you'll need a lot of capital, and cash-out refinancing will have a higher rate than a regular refinance, but it can still be much less expensive than borrowing somewhere else or taking it out of your retirement plan.

  • Move to a Shorter Term

    Going from a 30-year fixed loan in Miami to a 15-year fixed loan could be one of the best financial decisions. Even if you have a rate that is below current market rates, switching to a 15-year fixed rate can save you hundreds or thousands of dollars. However, you must qualify and be comfortable with a higher payment.

  • Switch Form Adjustable Rate Mortgage to Fixed Rate Mortgage

    If you've had an adjustable-rate mortgage and are concerned about future rate increases, it may be a good idea to move to a fixed-rate mortgage (FRM). This is recommended if you plan to keep your house in Miami for a long time. Since interest rates are so low right now, locking in a low fixed rate for the life of the loan gives you peace of mind.

  • Get a New Adjustable Rate Mortgage

    If your ARM loan is nearing the adjustment period and you don't plan to keep the loan for a long time, taking out another ARM will save you interest costs. With 5-year and 7-year ARMs priced at least 1% lower than the fixed rate, it makes sense to save on your monthly payment and interest cost by switching to one ARM from another ARM.

  • Eliminate Your Mortgage Insurance Premium

    It may be that your home prices have gone up, or you have paid off enough of your equity, or a combination of both. Now you can have 20% equity in the house or you can bring some cash to do so, so it's time to ditch pesky mortgage insurance.