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Generally, it’s a good time to refinance your Miami home when the mortgage rates are 2% lower than the current rate that you have on your current loan. It also may be a viable option even if the interest rate difference between the two is only 1% or less. Any reduction can trim down your monthly payments.

When looking to refinance your home, you’ll have a range of options from different lenders. So how do you choose one from a sea of options? Here are two helpful tips for you.

  1. You can’t beat quality of service! Especially for first-time homebuyers who will have many questions about the total financing process and available loan options. Finding a lender with outstanding service skills that you trust will comfortably guide you every step of the way, so ask questions, even before you fill-out an application.
  2. Costs! It’s good to ask potential lenders upfront what they charge for their services and any fees involved. They should be able to give you facts and get you through the financing process so that you feel confident knowing that you made a good decision by choosing them.

Here at LoanFlight.com, our mission isn’t just to serve our customers, but to serve them with honesty, integrity and competency. Obtaining a home loan can be a large task, we make it as easy as possible while providing the lowest interest rates and closing costs as possible. Furthermore, we pledge to you that we will help overcome any roadblocks that can pop up when trying to secure a loan.

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