Rate & Term or Cash-Out options to fit your goals.
Reduce your payment by taking advantage of current lower rates.
Cash-out refinance to fund home improvements, debt consolidation, or other needs.
Lock in a stable rate and avoid future payment increases.
Refinance to eliminate PMI once you reach 20% equity.
See if refinancing makes sense for your South Florida home
"I lowered my rate from 7.25% to 6.25% and saved over $280 per month. The team at Mortgage AF made the entire refinance process smooth and stress-free."
"I did a cash-out refinance to fund a kitchen renovation. The process was fast and the rates were very competitive. Highly recommend!"
Most Miami homeowners save between $150–$400 per month when refinancing to a lower rate. Your actual savings depend on your current rate, loan balance, and new rate.
Rate & Term refinance lowers your interest rate or changes your loan term. Cash-Out refinance allows you to borrow against your home’s equity for cash.
Yes. You can refinance an FHA loan into a conventional or new FHA loan, and VA loans can be refinanced through a VA Interest Rate Reduction Refinance Loan (IRRRL) or cash-out option.
Most refinance transactions in South Florida close within 30–45 days from application, depending on the lender and your situation.
For a Rate & Term refinance, you typically need at least 3–5% equity. For a Cash-Out refinance, most lenders require at least 20% equity after the loan closes.
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