South Florida Refinance LoanThere was a lot of speculation in the news recently about if and when the “end of the world” will come. Apparently our planet had lined up with other celestial objects, and according to some “experts” it was to occur last Saturday. We’re still here, so I guess they were wrong! The Bible says in Matthew: “Therefore keep watch, because you do not know the day or the hour,” and so the truth is that no one knows for sure.

Interest rates are similar because no one knows for sure when they will rise or fall. We have enjoyed a very comfortable time for several years, but almost everyone agrees that won’t last forever.

If you currently have an FHA loan, we would advise you to call and speak with us. It might be the right time or the wrong time, but part of the decision will depend on your goals. Are you going to stay in your current home for a year? Five years? Forever? Do you want to make some improvements to your home? We’ll sit down and talk about your situation and what is the best next step.

Many people consider an FHA Streamline refinance because they are, well, “streamlined.” We can get you through the process fast!

Here are a few things to consider if you are thinking about it:

– Your existing loan must already be insured by the Federal Housing Administration (FHA).

– Payments on your existing FHA loan must be current with no delinquencies in the last year.

– Refinancing your current FHA loan should result in the lowering of your monthly principal and interest payments. Under certain circumstances, you may be eligible for an FHA Streamline refinance if you are converting from an adjustable rate mortgage (ARM) to a fixed-rate mortgage.

I’m available 7 days a week to talk, so please call at your convenience: 954-734-4440