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In mid-2017, the median value for a Florida home was $209,900, an increase of 8.8 percent over the past year. Real estate analysts predict these values will go up 2.4 percent within the coming year. The median price per square foot was $157 in Florida, and the median monthly rental price was $1,725.
And tapping into your mortgage may be your best and in some cases, last option. Mortgage refinancing today is a little different than it used to be. Because of the mortgage meltdown that affected borrowers and creditors, qualifying for a refinance or even a reverse mortgage can be more difficult.
A jumbo mortgage refinance loan provides financing for loan amounts higher than the maximum conforming loan limits set by Fannie Mae and Freddie Mac.
Florida homeowners are offered discounted second mortgage loans for cash out refinancing or purchase money to avoid PMI.
RP Funding pays Closing Costs on Florida Mortgage Refinances so you can get cash out and access your equity without paying Closing Costs. Other lenders deduct the Closing Costs from your available home equity by financing those costs into the mortgage. At RP Funding, we pay them for you.
Try realtor.com’s refinance calculator to find out if you should refinance your home. See how refinancing with a lower mortgage rate could save you money.
In addition to highly competitive rates, Community Credit Union of Florida also. Please speak to a CCU representative or simply select your preferred loan type.
Refinance. Home refinance with a lower interest rate may save you money and help you realize your dream of owning your home faster. important mortgage product information. Not sure which mortgage loan option is right for you? Use our loan finder tool to get a.
Have you paid your mortgage long enough to consider refinancing? Generally, you’ll need to have more than 20% equity in your home to refinance. Check with your mortgage lender to see if you’re there yet. Have property values been rising in your area? A higher property value can give you even more options as you refinance.
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