Refinance Your Home

Are you thinking about refinancing your home? Refinancing is simply the process of paying off an existing mortgage loan and obtaining a new one. Most homeowners choose to refinance for one of the following reasons:

  1. Obtain a lower interest rate
  2. Reduce amount of monthly repayment
  3. Reduce loan risk (by going from an adjustable-rate to a fixed-rate loan)
  4. Shorten or alter term of loan
  5. Consolidate two mortgages into one loan
  6. Free up funds by cashing-out home equity

If you want to save money each month with a lower interest rate or payment, cash-out equity to make home improvements, or adjust the length of your mortgage, it’s time to refi.

Mortgage refinancing for any need

At Choice Mortgage Bank, Inc. in Boca Raton, we offer a variety of options for your refinance. We will work personally with you to determine what type of loan is most advantageous for your situation and needs.

When to refinance your mortgage

Have interest rates fallen? Do you think they will go up? Have you improved your credit? Are you having trouble making payments? Do you want to pay off your loan sooner? Changes in the market, your income, or your credit might mean you should consider refinancing.

So is it time to refinance? Will you remain in that property for many years to come? How many months of lower payments will it take to recoup the closing costs of a new mortgage? Do you owe more on the house than it is currently worth?

Mortgage refinancing for any need

At Choice Mortgage Bank, Inc. in Boca Raton, we offer a variety of options for your refinance. We will work personally with you to determine what type of loan is most advantageous for your situation and needs.

FHA Loan

  • Refinance up to 97.75% of your appraised value
  • Streamline refinance with NO appraisal when you currently have an existing FHA loan

Conventional Mortgage Loan

  • Refinance up to 125% of your appraised value with Making Homes Affordable Refinance Program
  • Refinance all property and occupancy types: 1 to 4 family units, attached and detached, as well as condos

VA Mortgage Lending

  • 100% cash out refinance available
  • Rate/Term Refinance for ARM mortgage

Jumbo Mortgage Loan

  • Up to 80% Loan to Value on refinances
  • Refinance up to $3,000,000
Contact a Mortgage Lender
Choice Mortgage Bank, Inc. is currently based in Boca Raton, however Emmanuel and his team provide mortgage loans throughout all of Florida, Maine, New Hampshire and Colorado. Give us a call at 561-362-8204 to get started on the pre-approval process right away.