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Ocala, FL Mortgage Refinance in Florida
We make it easy to get the lowest mortgage refinance interest rate in Ocala, FL.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Ocala, FL residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.
When Should I Refinance?
The best time to refinance is when interest rates in Ocala, Florida drop below the rate of your current mortgage. With a lower interest rate, you'll save money on your mortgage payment every month. Be sure to read our article titled Reasons to Refinance Now.
Turn Your Adjustable Rate into a Fixed Rate
With adjustable rates on the rise Ocala, FL residents can benefit greatly from refinancing your home for a low fixed rate. These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.
Cash-Out Refinancing
Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash. You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt. How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.
Eliminate PMI
Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent. If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.
Save Thousands in Interest
When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years. Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan. However, in the long-term you are saving thousands in interest. And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.
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Mortgage Refinance Calculators
Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator |
Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of FL
| Ocala, Florida News |
Throng lines red carpet to get glimpse of Ocala's star couple
The temperature in Ocala on Friday evening was a chilly 52 degrees, but outside the Hollywood 16 cinemas on Southwest 27th Avenue, the air crackled with the heat generated by the appearance of Ocala's most ...
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Canyon man killed in accident outside of Stratford
A Canyon man was killed this morning after the tractor-trailer he was driving collided with another one that had previously overturned, state troopers said.
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Agents say Ocala's 'King of Crack' dethroned
Published: Friday, November 21, 2008 at 12:47 p.m. Last Modified: Friday, November 21, 2008 at 1:23 p.m. OCALA - Marion County drug agents say they have dethroned the West Side's "King of Crack." Chester Lemar ...
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Ocala woman killed in Thursday night crash
A 24-year-old Ocala woman was killed in a two-vehicle crash on Thursday night, according to Florida Highway Patrol officials.
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Pick a tree in Ocala Forest
The USDA Forest Service will once again sell permits to select Christmas trees from the Ocala National Forest .
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Light Up Ocala festival is Saturday
Published: Thursday, November 20, 2008 at 6:01 a.m. Last Modified: Wednesday, November 19, 2008 at 1:22 p.m. The pace of downtown Ocala last Friday was as lukewarm as the day's unseasonable humidity.
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New DNA match leads to armed robbery arrest
DNA evidence, newly linked to Willie Graham, 42, of Ocala, led to his arrest Wednesday in connection with two armed robberies last year and year before.
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Apparent road rage incident results in arrest
A 44-year-old Ocala driver in a hurry to get to a pharmacy to pick up his medication was arrested and charged with aggravated assault after deputies say he chased another vehicle and caused an accident.
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Fla. ends probe of 3rd husband's suspicious death
CHARLOTTE, N.C.: Florida police say they've closed an investigation into the suspicious death of the third husband of a Georgia grandmother who has left a trail of five dead husbands in five states.
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Grandmother's assault charge: Was it Mad Dog or a 9mm?
Ocala police arrested a 60-year-old Ocala grandmother Tuesday who witnesses say fired a 9mm round into the air after telling her adult granddaughter to leave the home.
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Record cold expected Tuesday, Wednesday nights
Published: Tuesday, November 18, 2008 at 4:28 p.m. Last Modified: Tuesday, November 18, 2008 at 4:28 p.m. Residents likely will wake up to record-breaking cold Wednesday and Thursday mornings, thanks to a ...
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Deputy says 2 went to buy marijuana, reported robbery instead
Two Ocala men reported being robbed of $1,000 after they went to Northwest 25th Avenue and Northwest 42nd Street to buy a pound of marijuana.
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Summerfield man charged with molesting 4-year-old girl
A 20-year-old Summerfield man accused of molesting a 4-year-old girl was arrested on Monday and charged with sexual battery on a child less than 12.
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Cold weather to continue
Voluntary pre-kindergarten teacher Nikki Richardson zips up four-year-old Devan Mitchum's jacket while her class plays on the playground in temperatures in the high forties at Bell Nursery and Pre-School in ...
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Brrrrr! Cold front blasts the Sunshine State
Floridians, break out your fleece jackets. Forecasters say an arctic cold front is expected to pass through the state starting Tuesday, with temperatures expected to hit 30 degrees in Marion and Alachua ...
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Police seek hit-and-run driver in homeless man's death
Police on Tuesday continued to seek the hit-and-run driver of a white 2004 Dodge pickup truck that ran over a homeless man on East Silver Springs Boulevard Monday night.
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Ocala poised to regain City Shops & Walk property
In the legal standoff between bankrupt City Shops & Walk developer Jorge Gutman and the city of Ocala, Gutman on Friday blinked.
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Murder trial for Gary Monroe gets under way in roadside shooting
Though Gary Monroe spent 18 months in a psychiatric facility, his lawyers likely will argue self-defense -- not insanity -- when jury selection begins Tuesday in the 70-year-old man's murder trial.
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VIDEO: Veterans in their own words
Published: Tuesday, November 11, 2008 at 6:30 a.m. Last Modified: Tuesday, November 11, 2008 at 12:30 p.m. The Ocala Star Banner has initiated a project to capture the stories of some local veterans on video.
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Local equine hospital celebrating 25 years
John Peterson and Johnny Mac Smith weren't likely business partners. Smith said that after the two veterinarians combined their one-man Ocala practices in 1980, he would have been content continuing to do ...
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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