How to save money when refinancing your Florida mortgage
If you are like most people, you are refinancing your home in Florida to lower your monthly payment, not spend a ton of money on closing costs if you don’t have to. Here are a few tips to help you keep more cash in your pocket when it’s time to refinance!
- Ask your title insurance agent if you qualify for a “Reissue Credit Discount.” You will need a copy of your “Owner’s Policy of Title Insurance” that was most likely issued issued when you bought your home.
- You may be able to avoid the cost of a new survey if you have one that is still accurate. A survey can cost from $275 – $500 or more, depending on the size of your property.
- Shop around. Although Florida has a promulgated rate for title insurance and you won’t see much difference from one company to the next, you are likely to find a difference in charges for the Closing Services Fee, Title Search, Deilvery Fee, Wire Fee, etc. It pays to shop around and ask questions.
Feel free to call our office if you have more questions about the closing costs involved in refinancing your home in Florida. We’ve helped Florida homeowners in most every county refinance their mortgages and we can help you too! Give us a call at 800-237-9190 today!
