• Glenn Hight
    Phone: 407.491.3663
    [email protected]

  • 1101 North Lake Destiny Road
    Suite 345
    Maitland, FL 32751

  • Mon - Fri: 8.00am - 5.00pm
    Sat - Sun: Closed


The majority of mortgage loan applications over the past several years have been for refinancing due to historically low interest rates. People refinance for a variety of reasons including changing from an adjustable-rate to a fixed-rate mortgage, shortening or lengthening the term of the loan, home renovations, getting a loan with better terms and debt consolidation.

Refinancing can make a significant difference in the amount you pay each month. However, refinancing a mortgage is similar to when you applied for your loan initially. You must have a relatively good credit score, pay closing costs and fees, and may even have a cursory home inspection. So you need to be sure that it will really be worthwhile and do plenty of research. Focus on long-term costs and benefits based on the equity in your home, the terms of the new and existing loans, and the break-even point at which you will recover your costs.

Is refinancing right for you? Contact Velocio to find out!