What's your scenario?

When it comes to getting a mortgage, you've got more options than you think. Everyone's situation is different. Tell me your scenario below, and I'll present you with all your options.
Close this form
close

407-704-8729

Questions? Give us a call or chat now!
Ready for your free, no-obligation personalized rate quote?
Get Started Today
Lower your mortgage payment in Orlando, Florida
Lower your mortgage payment in Orlando, Florida

Information on mortgage refinance options to lower your current mortgage payment

Regardless of whether or not you have a conventional or FHA loan, when it comes to making the decision to lower your mortgage payment, there are certain things besides the interest rate that every homeowner should be aware of. Of course, lowering your interest rate can be a great improvement over your current situation, and we encourage you to take advantage of today’s historically low rates. Especially as securing a lower rate almost always means making a smaller monthly mortgage payment. However, your determination should not be based on rates alone.

Review: Refinance

"I refinanced my home with Sharam. He was very professional" ...read more

- Ginger Kruse,


5 out of 5 stars
based on 4 ratings.


Review: Refinance

"I have had the pleasure of refinancing my home through Florida Home Funding,
Shahram was the most professional mortgage broker I have ever worked with."
...read more

– Amy Davis,


5 out of 5 stars
based on 4 ratings.


Review: Refinance

"I had a great experience with Florida Home Funding. Shahram was extremely courteous and de-mystified the entire refinancing arrangements." ...read more

– Ranganathan,


5 out of 5 stars
based on 4 ratings.


Review: Refinance

"If you've tried refinancing recently, you know its a huge pain…..The banks drag you along for 90 days and then tell you that they can t help you….it is so frustrating!!! Shahram not only got me approved in a couple of weeks, but I closed in 30 days with a lower rate than what the banks offered me!!" ...read more

– Michael,


5 out of 5 stars
based on 4 ratings.


Review: Refinance

"I would encourage anyone who is serious about re-financing or obtaining a mortgage to work with FL Home Funding" ...read more

– Chad H.,


5 out of 5 stars
based on 4 ratings.

Lower your mortgage payment in Orlando, Winter Park, Winter Garden, Altamonte Springs, Kissimmee, Florida

First, go through the numbers and find out exactly how much you could be saving each month. This is money you can put towards something else, including expenses you incur on a day-to-day basis or a larger project that requires funding (such as sending a child to college or paying off bad debts that have even higher interest rates, etc).  Now, before you get excited about your savings, consider the next factor: how long it will take you to recuperate from the costs of refinancing.

When you refinance, there will be associated costs that are charged to you as part of the process. If you are dealing with a high-cost lender, this amount could be high enough that there is little to no financial benefit for you for many years to come. For example, if refinancing at a lower rate will save you $200 a month and the closing costs are $4,000, you will have paid off your closing costs within 2 years. As a general rule, if you can recuperate the closing costs within 2-3 years, there’s a tangible benefit for you. If refinancing at a lower rate saves you $200 a month and your closing costs are $10,000 however, then it will take you 5 years to get back the money you spent in securing the refinance. This doesn’t mean that you shouldn’t refinance at all. It only means that you should think about all of the costs and benefits well before you commit.

Lower your mortgage payment in Orlando, Winter Park, Winter Garden, Altamonte Springs, Kissimmee, Florida

As a general rule, if you can save at least 5% a month on what you’re currently paying, there will be a tangible benefit to you and your family. If refinancing your home will not save you 5% every month, it doesn’t matter how attractive the rate sounds, you don’t want to do the loan. Keep looking for a trustworthy mortgage broker who can offer you a refinancing plan that will save you at least 5%.


questionWhat if My Mortgage is Currently Underwater?

Lower your mortgage payment in Orlando, Winter Park, Winter Garden, Altamonte Springs, Kissimmee, Florida

If you currently owe more on your mortgage than your property is worth, please see our page on the HARP 2.0 program designed specifically for your situation!  When a home is underwater, getting a lower rate can mean the difference between keeping and losing your home. If your monthly mortgage payments are higher than you would reasonably like to be paying due to your home’s depreciation in value, don’t wait to find out what your options are. However, be aware that you can only apply for a HARP loan one time. This means you must make absolutely sure you get the best possible rate when you refinance.


Florida Home Funding is Here to Help You Lower Your Mortgage Payment.

Take advantage of our free mortgage analysis and let Florida Home Funding present you with loan options that could show you how you could lower your mortgage payment and save your thousands of dollars. We offer rock-bottom, wholesale rates and provide refinancing solutions for every type of loan:

Call (407) 704-8729 or (888) 515-6048 to speak with a licensed mortgage professional or complete the fast quote form now.

Read more about mortgage refinancing here

When it comes to getting a mortgage

you have more options than you think

  • FHA loan requirements 2017 in Florida (Frequently asked questions)

    What is the maximum loan amount/limit 2017? Maximum loan amount vary by county for traditi READ MORE
  • No Closing Cost Mortgage Home Loan

    What is a no closing cost mortgage? A no closing cost mortgage is simply an option that is READ MORE
  • #1 mistake when searching “Mortgage Rates Today”

    #1 mistake when searching “Mortgage Rates Today” The #1 mistake consumers make with th READ MORE
  • Call Today! (407) 704-8729 Hours: 8:30am to 9:00pm EST

  • © 2016 Copyright © 2016 Copyright Florida Home Funding

    Sondi And Associates, Inc. dba Florida Home Funding. NMLS ID: 870878 Location: 390 N Orange Ave #2125, Orlando, FL 32801 | Phone: (407) 704-8729

    Content provided by The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice.
  • Explore Florida Home Funding