Talk To - call (407) 758-7166
Talk To Brandt - call (407) 758-7166
Brandt Myers
NMLS# 2030154
Mortgage Refinance in Winter Garden, FL — Lower Your Rate or Payment
Take the 60-second refinance quiz to see options for lowering your rate, payment, or term.
Serving Winter Garden, Orlando & Central Florida homeowners.
Rates are coming down — don’t miss the window
Not sure if refinancing makes sense yet? I can watch rates for you and let you know when a refinance could lower your payment or improve your terms.
If rates have dropped since you got your loan, you might be able to lower your interest rate, reduce your monthly payment, or pay off the home sooner.
Just answer the simple questions below to calculate a lower mortgage rate & payment.
We make the process quick & easy.
Thanks for sharing your info — we’ll review everything and be in touch soon.
Mortgage Refinance Options
Refinancing replaces your current mortgage with a new one — often to lower your rate, reduce your payment, change your loan term, or access equity. The right refinance depends on your goals, your timeline, and the numbers.
What is a refinance?
A refinance pays off your existing home loan and replaces it with a new mortgage. That new loan can change your interest rate, loan term, and even your monthly payment — depending on the options you choose.
- ✓Lower rate: potentially reduce your monthly payment and long-term interest
- ✓Shorter term: build equity faster (e.g., 30 → 15 years)
- ✓Stability: switch from an ARM to a fixed rate
- ✓Cash-out: access equity for goals like renovations or debt consolidation
Related options: VA Loans • FHA Loans • Mortgage Calculator
Common refinance types
- Rate & Term Refinance: change your rate and/or term without taking cash out.
- Cash-Out Refinance: refinance for more than you owe and receive the difference (equity) as cash.
- Streamline (FHA/VA): simplified refinance options for eligible FHA or VA borrowers.
| Goal | Best Fit |
|---|---|
| Lower monthly payment | Rate & term (or longer term) |
| Pay the home off faster | Shorter term refinance |
| Tap equity for projects | Cash-out refinance |
| Move off an adjustable rate | ARM → Fixed refinance |
Want program details? Explore VA streamline options and FHA streamline options.
How refinancing works
- 1) Quick review: your current loan, goals, and timeline
- 2) Compare options: rates, payments, terms, and costs
- 3) Lock & verify: collect docs and confirm numbers
- 4) Close: sign documents and replace the old mortgage
Costs & break-even
Refinances typically include closing costs. A simple way to evaluate a refinance is the break-even point:
- Break-even = Closing Costs ÷ Monthly Savings
- If you plan to keep the home past the break-even point, the refinance may make sense.
Some options may allow costs to be rolled into the loan (depending on program and equity), which changes the math.
Is refinancing right for you?
- You want a lower rate or a more predictable payment
- You plan to stay in the home long enough to benefit
- You want to shorten the term and build equity faster
- You want to access equity for a specific goal
Every scenario is different — the best first step is a quick review of your current loan and goals.
Want to run numbers quickly? Use the mortgage calculator.
Want me to watch rates for you?
If refinancing isn’t a “today” decision, I can keep an eye on the market and let you know when a refinance could lower your payment or improve your terms.
Refinance FAQs
How much can I save by refinancing?
It depends on your current rate, loan balance, term, and the new rate/options available. The best way to estimate savings is to compare the new payment and the break-even point.
What’s the difference between rate & term and cash-out?
Rate & term changes your interest rate and/or term without taking cash out. Cash-out refinances for more than you owe and provides the difference as cash (based on available equity).
Will refinancing affect my credit?
A refinance typically involves a credit check, which may cause a small, temporary change in your score. Over time, improving your monthly payment or paying down debt can support your overall credit profile.
When should I avoid refinancing?
If you plan to sell soon, can’t reach break-even, or the new loan terms don’t align with your goals, refinancing may not be the best move. A quick review helps clarify the best path.
What credit score do I need to refinance?
Minimum credit score requirements vary by loan type and lender, and your rate is impacted by overall credit profile. A quick review will tell us which programs fit best for your scenario.
Can I refinance without an appraisal?
Sometimes, yes. Depending on the program and eligibility, an appraisal waiver or streamlined process may be possible. We’ll confirm what’s available based on your loan, property, and current guidelines.
How long does a refinance take?
Timelines vary based on documentation, appraisal needs, and underwriting. Many refinances close in a few weeks, but we’ll set expectations up front after a quick review.
Ready to explore refinance options?
Share your current rate and loan details, and we’ll review what’s available and walk you through the best next step.
Helpful to have handy
- Current interest rate
- Approximate loan balance
- Estimated home value
- Your goal (lower payment, term change, cash-out, etc.)
Work with a local Mortgage Expert.
Are you hoping to lower your monthly payment, or take cash out of your home?
I can help you get the right rates for whatever your scenario...
Leverage.
Take Cash Out
Leverage the equity in your home to pay down high-interest debt or renovate your home.
Financial Security
Lower Your Payment
Give yourself a monthly raise when you lower your monthly mortgage payment with your refinance.
Payoff Your Mortgage
Shorten Your Term
You can pay off your mortgage sooner when you refinance your mortgage into a shorter term loan.