Florida Choice Mortgage and Corp.

  NMLS 218197

                                           Call Us:   (954) 447-9060

           

                                               Email Us:  Info@FloridaChoiceMortgage.com

Hours:   Mon - Fri : 9:00am to 6:00pm

                        Se Habla Español!

Refinancing Options




Refinancing Options

Like most homeowners, you may have several reasons to refinance your home. Whether it's to lower your rate or receive cash from the equity available in your home and use it for home renovations, debt repayment or anything else you may need.

Cash Out Refinance

A cash out refinance is available to homeowners who have equity in their home and would like to access the equity to receive cash for any use they may have a need for. 


Cash Out Refinances are available for:


  • Primary Homes - Up to 80% Financing
  • Second Homes & Investment Homes - Up to 75% Financing
  • Multi-Family Investment Homes - Up to 70% Financing
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Home Equity Lines of Credit (HELOC)


Home Equity Lines of Credit allow you to borrow lesser amounts over time, so that you’re only taking the funds you need when you need them.


Borrowing only what you need can keep your monthly payments lower and help avoid unnecessary debt (and interest payments).


Since many borrowers already have a great rate on an existing first mortgage and strong equity in their home, this is a great product for their cash-out,

debt consolidation, and home improvement needs.


Home Equity Lines of Credit are available for:


  • Primary Homes
  • Up to 90% Combined Financing with existing mortgage to value of home
  • Minimum 680 Credit Score
  • Maximum Line of Credit amount of $500,000

Rate and Term Refinance


A rate and term refinance is available to homeowners who just want to refinance to lower their current rate and/or term. 


Rate & Term Refinances are available for:


  • Primary Homes - Up to 95% Financing
  • Second Homes - Up to 90% Financing
  • Investment Homes - Up to 85% Financing
  • Multi-Family Investment Homes - Up to 75% Financing

Please feel free to contact us and we can discuss your current situation in further detail and also discuss financing options available to for your specific needs.

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