Many homeowners consider refinancing for these common reasons:

• Shorten the term of your mortgage.  With interest rates at record lows, consider refinancing your 30-year mortgage to a shorter term, such as 15 years. The payment may not be much more than your current payment, if at all, and you will be able to build equity in your home much faster.
• Lower your interest rate. If your home was financed at a higher interest rate than the low rates available today, you may be able to save tens of thousands of dollars in interest over the life of the loan by refinancing.
• Lower your monthly payment. Refinancing your mortgage at a lower interest rate could significantly reduce your monthly payment and save tens of thousands of dollars in interest. Although it could increase the term of your loan, it may make sense to use the difference in payments to save or invest elsewhere.
• Eliminate a second mortgage. If you have a first mortgage and a home equity loan, consolidate your debts by combining them into one fixed-rate mortgage.
• Change from an adjustable rate mortgage to a fixed rate loan. If you currently have an ARM, it may be the perfect time to refinance into a fixed-rate mortgage. Interest rates are low at the moment, but they may not stay this low forever. Locking in a low fixed rate can protect you from rising interest rates in the future.
• Cash out equity. Many homeowners refinance their homes and cash out some of their home equity for major expenses like buying a car, paying for a wedding or financing an education—purchases that might otherwise require you to borrow funds at a higher, non tax-deductible interest rate. If you’re starting a new business or buying more property, refinancing often makes good sense.

Call Core Financial right away to get the HARP refinancing process rolling before the low mortgage rates disappear!

Even if your loan is not owned by Fannie Mae or Freddie Mac, you may still qualify for a loan modification through a special refinance program offered by lenders in our extensive network.

If you are looking to refinance your mortgage and you live in Naples Florida, Bonita Springs Florida, Fort Myers Florida or Cape Coral Florida, we have a Core Financial specialist here ready to work for you.

Get in touch with us about refinancing today using our online form, call us at (239) 287-3691

Core Financial
Phone: (239) 287-3691

NMLS #25258

This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.