Mortgage Refinancing involves replacing your existing home loan with a new one, often to secure better terms, lower interest rates, or access cash from your home's equity. It's a smart move in fluctuating markets like Florida's, where home values have steadily increased in Orlando and Pensacola. 

Key reasons to refinance:

-Lower Interest Rates: Drop your rate to save thousands over the loan's life.

-Change Loan Terms: Shorten from 30 to 15 years to pay off faster or extend for lower monthly payments.

-Switch Loan Types: Move from FHA to conventional to eliminate mortgage insurance, or from ARM to fixed for stability.

-Debt Consolidation: Combine high interest debts (e.g., credit cards) into your mortgage at a lower rate.

At Avi Mortgage Team, we handle all major refinance programs, ensuring compliance with federal guidelines like those from Fannie Mae, Freddie Mac, FHA, VA, and USDA. 

refinancing isn't just about saving money--it's about optimizing your financial future.  Here's why it's a smart move. 

• Lower Monthly Payments: Drop your interest rate, freeing up cash for Orlando theme park visits or Pensacola beach outings.
• Reduce Total Interest: Shorten your loan term (e.g., from 30 to 15 years) to pay off your mortgage faster and save tens of thousands in interest.
• Cash Out Equity: Access up to 80-90% of your home's value for big expenses like college tuition, medical bills, or starting a business--perfecting Florida's appreciating markets.
• Switch Loan Types: Move from an ARM to a fixed rate for stability, especially with potential rate hikes. 
• Debt Consolidation: Combine high-interest debts (credit cards, auto loans) into your mortgage at a lower rate, improving your credit score.
• No PMI Removal: If your home value has increased (common in Orlando's growth areas), eliminate private mortgage insurance to cut costs.
• Local Advantages: In Pensacola, use cash-out for storm-proofing: in Orlando, fund expansions amid population booms.

Our clients rave: "Avi refinance in Orland cut my payments by $250/month --seamless and stress-free!"--Happy Homeowner

Most homeowners qualify for refinancing, but specific depend on your loan type.

• Credit Score: 580+ for FHA/VA, 620+ for conventional.
• Equity: At least 20% home equity for most programs.
• Debt-to-Income ratio: Under 43-50% depending on the loan.
• Employment and Income: Stable job history and verifiable income.
• Appraisal: 
• Waiting Periods: Varies.  Consult with Avi Bastajian and his Team.

We handle the paperwork to make it easy.

1. Consultation: discuss your goals with Avi Bastajian for tailored advice.

2. Pre-Approval: submit docs (pay subs, tax returns) for a quick approval.

3. Rate Lock: Avi Bastajian and his Team will go over this with you and get you the best rate.

4. Closing: Sign digitally or in-person.

5. Enjoy Savings: Start benefiting from your new terms.

We prioritize transparence, with no hidden fees and full compliance with Florida regulations. 

• How much can I save? Depends on your current loans and what you are refinancing to.  Avi Bastajian and his Team will go over this with you.
• Is now a good time? Depends why you are refinancing.  Avi and his Team will help guide you on whether this is beneficial for you or not financially.  If its not, they will tell you. 
• What if I have bad credit? Wel offer credit repair tips.
• Closing Costs? 2-5% of the loan amount