Loan Program
Refinance
Rate-and-term or cash-out refinancing for Florida homeowners.
Who this program may fit
Homeowners looking to change their rate, term, or access equity through a new first mortgage.
Common uses
- Rate-and-term refinance
- Cash-out refinance
- Shortening or extending the loan term
- Removing mortgage insurance (subject to guidelines)
Key considerations
- Refinancing replaces your existing first mortgage
- Closing costs apply and a break-even analysis is recommended
- Cash-out subject to equity and program limits
- Not always the best choice if you have a low existing rate
Documents commonly requested
- Current mortgage statement
- Income documentation
- Federal tax returns (typically 2 years)
- Property valuation
The process
- 1Review your current loan and goals
- 2Compare refinance and home-equity alternatives
- 3Complete a secure application
- 4Underwriting and property review
- 5Clear to close and closing
Frequently asked questions
Related alternatives
HELOC & Home Equity
Access your home's equity for goals beyond the first mortgage.
ExploreConventional Loans
Flexible financing for borrowers with strong credit and stable income.
ExploreFHA Loans
Government-backed financing with flexible qualifying for eligible borrowers.
ExploreVA Loans
A benefit earned by eligible service members, veterans, and qualified surviving spouses.
ExploreReady to compare your options?
Schedule a strategy call tailored to your goals, income, and timeline.
This is not a commitment to lend. All loans are subject to credit approval, property approval, program guidelines, and applicable terms. Programs, rates, terms, and conditions are subject to change without notice. Not all applicants will qualify. Equal Housing Opportunity.
Angel Taipale, NMLS #1736690 — Bright Horizon Lending Inc., NMLS #2565670. Verify on NMLS Consumer Access