REFINANCE

Whether you want to drop your interest rate, lower your monthly payment, eliminate PMI, shorten the term of your loan or cash out, we’ll help you refinance with confidence!

Please note that the interest rate and APR are dependent on loan program selected and factors such as credit score.

 

$
%
$

Principal and Interest only. Now you know your payment. Scroll down to learn more about our no points/no closing cost lender credit refinance program!

Contact us to find out!

NO POINTS / NO CLOSING COST LENDER CREDIT REFINANCE PROGRAM

At Amerant Mortgage we offer a way for qualified borrowers, on qualified mortgages, to refinance their current mortgage and pay no closing costs. We achieve this by providing a lender credit that covers all closing costs associated with the refinance. That means no points, no hidden fees and no surprises!
To take advantage of this program, you pay a slightly higher interest rate – typically .125-.375 of a percentage point higher – but we pay all your closing costs via a lender credit. That means no lender fees, appraisal fees, title fees or attorney fees.

So, does paying a higher rate really make sense? In many cases, the answer is yes! Consider this example. On a $350,000 loan, the closing costs to refinance would be approximately $3,800. If you paid this $3,800, the savings for the slightly lower rate would be only about $55 per month. So, it takes 70 months, or almost 6 years, to break even. But what if you also paid no closing costs and invested that $3,800 instead?

Invested at 4% in a high-yield savings or investment account, $3,800 could earn you almost $12 per month, after taxes. Once you take this into account, the break-even point when paying closing costs is really almost 8 years. Compare this to the length of the average 30-year fixed-rate mortgage in the U.S., which is only about 6 years according to Fannie Mae. This is because many homeowners move to a new home, cash-out for home improvements, use home equity for college education expenses or refinance their existing mortgage to a lower rate.

With no closing costs to worry about, if mortgage rates drop after your refinance closes, you can simply refinance again with no closing costs via a lender credit. This can be much more appealing than paying (or rolling into your loan) approximately $3,800 every time rates drop! As you can see, a no-closing-cost mortgage refinance can be a superior financial strategy. Contact me today to learn about this and your other refinance options.

Amerant Mortgage does not provide financial or tax advice. Please contact your financial or tax advisor for guidance on these issues.

Thinking of buying or selling a home? Spring may be the time

The calendar may say it’s winter, but the spring real estate market isn’t far off. This period is one of the most popular times to buy or sell a home in most of the country, and in some regions, it begins as early as January or February. If you’re planning to make a...

read more

Tips for making your home a stress-free sanctuary

Your home should be one of the places where you are most relaxed. It should be a refuge from many of life’s stresses and a haven that provides comfort, privacy and amenities. How you arrange and maintain your living space, however, may determine whether your home...

read more

Things that don’t affect your credit scores

Your credit scores are important numbers that influence everything from which credit cards you can obtain to the interest rate on your next mortgage. While it’s crucial to know which factors affect your credit scores, it’s equally important to know which ones have no...

read more

Awards & Recognition: