Mortgage Broker Fort Lauderdale FL | Florida State Mortgage Group, Inc.
Florida State Mortgage Group, Inc. are mortgage brokers in Fort Lauderdale, offering a comprehensive selection of loan options. Call us at (954) 359-3000.
Mortgage Refinance
in Fort Lauderdale
Solve your Mortgage Worries with a Mortgage Refinance in Fort Lauderdale
Refinancing a home mortgage is not an easy decision to make for many homeowners. It involves paying off whatever remains of the previous existing loan and then replacing it with a new one. There are many things to consider when you do want to get refinanced. However, refinancing is an easy way to solve some of the worries with a mortgage. It allows you to get a lower monthly rate, which makes sense as you’ll have to pay less over time. It can also present some other financial opportunities in the future.
At Florida State Mortgage Group, we have the expertise to help you find a refinancing solution that works for you. With careful evaluation of your current mortgage and other mortgage needs, we will find a refinancing option that will save your money and save you mortgage troubles in the future.
What is mortgage refinancing, and why do people get it?
In simple terms, mortgage refinancing is a way for borrowers to get a loan to pay off another one. Homeowners get mortgage refinancing to lower their monthly payments on previous loans or shorten its length. For instance, a borrower with a 30-year mortgage plan might get refinanced to lower it to 15 years.
Based on the refinancing option one chooses, the benefits can vary. Borrowers might consider getting a mortgage refinance in Fort Lauderdale to:
Cash out equity
Refinancing can be used to take advantage of the equity you have built in your home. It also gives you the leeway to use the money to make some improvements to your house.
Lower monthly payments
Obtaining a lower interest rate or extending the term of your loan is possible with mortgage refinancing in Fort Lauderdale. The lower interest rate means your payments will be smaller.
Debt consolidation
With refinancing mortgage, you can make your debt more manageable. High-interest loans can be replaced with a low-interest one.
Dropping private mortgage insurance
Based on the equity you are able to cash out from refinancing your mortgage, you can drop private mortgage insurance.
How much does refinancing cost?
The closing cost of refinancing a mortgage is between 1% and 2% of the total amount of the loan. This also includes lender fees. You can pay this cost upfront with cash or pay with points.
Points or discount points allow borrowers to lower the interest they’ll get on the refinancing loan. You can pay 1% of the total loan amount upfront and lower the rate by 1/8%.
Is an excellent credit score necessary for mortgage refinancing in Fort Lauderdale?
Not necessarily. It’s true that a good credit score makes it easier to get a better interest rate. Having a less than perfect credit score can be considered. However, you will have to lower the interest rate to make the refinance worth it.
Talk to One of Our Loan Officers to Help Evaluate your Eligibility to Qualify for a Mortgage Refinance in Fort Lauderdale
Call us today at 954-359-3000 or click the button below to get started.
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Florida State Mortgage Group, Inc. 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.
I can't thank Steve at Florida State Realty Group enough for helping me purchase my Fort Lauderdale condo. He made the entire process smooth and efficient. Highly recommended!
Betty at Florida State Mortgage Group is a true professional. She helped me invest in a great property in Fort Lauderdale. Her expertise and dedication are top-notch. I couldn't be happier.
Once our regular bank delayed our loan application, we became exceptionally nervous. We were in jeopardy of not only losing our new home but our deposit. We are eternally grateful that we were referred to Steve McWilliam. We had initially Googled Fort Lauderdale Mortgage Broker and he was the number one mortgage broker but we had already started the process with our local bank which was a horrible experience and mistake. We can highly recommend Steve as he delivered above and beyond what we had expected.
Stephen is an expert in this bussiness.Excellent attention, fast respond to all our questions.
Steve and his team did a fantastic job with my loan and I would highly recommend! They are extremely knowledgeable and professional and will certainly use them again! I have had a few other friends use Steve and they all have positive things to say. 5 stars!
Stephen and Betty over delivered not only my needs in securing a loan to purchase my dream house but we’re profferesional and courteous every step of the way. I am blessed to have had met them. Thank you GOD
Steve is an excellent person to work with and have excellent knowledge about home loans. He is able to close my both the loans very efficiently. I recommend Steve to whoever wants home loans.
From my first call to Steve Mc William to the second we closed, it was the best service ever. I felt as if I were their only customer. Everything was top notch and professional.
Mr McWilliam was extremely thorough and informative. He even provided excellent advice on some other non related mortgage questions I had. He listened carefully to my goals and provided me with the best product for my financial situation. I have never met any one so thorough. Thank you.
Steve did a great job on our refi. Thanks for making it happen.
Steve and his team at Florida State Mortgage Group, Inc. went above and beyond to help me get my mortgage for our families new home. Steve is very professional, experienced, and the company offers excellent customer service. I highly recommend anyone in the need of a mortgage to contact Florida State Mortgage Group, Inc.
Stephen McWilliam was an amazing person to deal with. Our deal was pretty complicated on all aspects and he was so professional, he got it done !!! Thank you so much for all the hard work you put into this deal!!!
Working with Steve and Florida State Mortgage Group was singlehandedly the best and most seamless part of buying our home. I could not recommend them more highly.
Stephen went above and beyond to help me in my situation. Thank You 👍
Steve did a wonderful job securing a mortgage for me based on the parameters I gave and seeing everything through to completion. No hiccups for me along the way in a process that can be very painful if not managed well.
Steve and the team at Florida State Mortgage Group are exceptional. I was looking for a townhouse for my family when Steve and his team were referred to me. Florida State Mortgage Group showed me I could easily afford a single family home. Steve handled everything from providing a list of homes, securing the home loan, insurance options and closing.
I’ve referred Florida State Mortgage Group to friends and family. Each person has experienced the same level of knowledge and quality of service.
5 STARS
I was very pleased with Steve and the ease of the process. No hiccups or surprises. Highly recommended for mortgage services.
I worked with Betty to buy my first house here in South Florida and I could not be happier! She was amazing. She was always available to answer my questions and she was very patient. She was extremely knowledgeable, even getting me approved for a HUGE tax exemption I will receive annually . She always had all the paper work ready on time and explained everything in detail. I could not image a better agent. I'm SO glad we made the decision to work with her. Thanks Betty!
Betty did an amazing job originating our loan. She is knowledgeable, accessible, and eager to provide the best for her clients. I HIGHLY recommend her!
you guys are doing a great job keep it up.
We had a great experience with Florida State Mortgage Group. Would recommend them and will use them again in the future.