The Best Home Refinancing Services

Get the Mortgage that’s Right for You

For Life’s Unexpected Moments

When you need cash to pay for college, want to take that cruise to Alaska you’ve been talking about for years, or want to help a family member start a business, you can refinance your home loan to do so. Pineywoods Mortgage in Tampa offers refinancing of home loans. Contact us today to get started!

Reasons To Refinance Your Existing Home

  • Take advantage of lower interest rates

  • To shorten the term of your loan

  • Get cash out for life’s pursuits

  • Refinance existing debt at a lower rate

  • Tax-deductible debt in place of other debt

  • Switching types of mortgages so from an adjustable to a fixed-rate for example

  • Your credit score has gone up

  • You want to lower your monthly payment

  • Can live your dream!

HOME LOAN REFINANCING

A little change can be healthy. At Pineywoods Mortgage, we work with clients daily who are ready to step into a new home, and we’ve helped to find a loan that’s right for them. As time passes, will that loan always be right?

When things change, we make it easy for you to change with them. Our refinancing services are designed to help you accomplish new goals and solve new problems. If debt consolidation, or simply reducing your monthly payments, is your chief concern, we may be able to help. Many people consider refinancing as a way to pay for a child heading for college or a home remodeling project. Some clients even qualify for cash when their current mortgage is refinanced.

Pineywoods Mortgage in Tampa helps anyone who needs a mortgage, from first-time homebuyers to current homeowners looking to refinance their home. There are many reasons why you would want to refinance your loan. Below, we’ll review just a few of those.

Reasons To Refinance Your Home Loan

Cut Your Term

This is a very good reason to refinance your home because you’ll save a ton in interest charges over the lifetime of the mortgage loan. You’ll also most likely increase your monthly payment but not by much. However, you will end up saving thousands of dollars in the long run.

Access Cash

Your home is an investment, which many people use as such when they need cash or to cover major expenses. Many people refinance their home loan to pay for their children’s college or to remodel their home, for example. Another reason to refinance your home loan is to start a business or help someone else start a business.

Consolidate Debt

Because a home mortgage is tax deductible, it makes sense to refinance your home and get cash in order to pay off higher interest rate debt that is not tax deductible, such as credit card debt or other unsecured debt. This is not only prudent, but convenient as well since you’ll only have one payment to worry about making instead of several.

Convert From An Adjustable Rate Mortgate (ARM) to a Fixed Rate Mortgage

As interest rates rise, so too does your payment. Historically, interest rates rise much more so than they fall. Talk to your mortgage broker, such as Pineywoods Mortgage about whether this home refinance is for you. Another reason to switch your type of mortgage is if you want to convert your home loan from an FHA or other government backed loan to a conventional loan. This will allow you to get rid of the mortgage insurance you are required to pay when you have an FHA, which can save you hundreds of dollars a month.

Take Advantage Of Interest Rates

This is the main reason homeowners refinance their mortgage. When interest rates fall, you save money. However, remember you will have to pay closing costs so make sure this makes sense for you.

More than 18 years of experience has given us the ability to examine loan options, market conditions, and the financial health of our clients to develop solutions that make sense. Whatever your goals, we can give you the honest answers you need in order to make a smart change. Pineywoods Mortgage in Florida can help you decide if refinancing your home loan is right for you. Contact us online or by phone today to get started.

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