Refinance Investments at the Best Interest Rates

Real estate investment has become very popular in the last few years. With all kinds of “no money down” real estate courses being sold on infomercials and in every home business or investing publication that exists, people have rushed to buy properties for investment purposes. Unfortunately, many of these people are not interest rate savvy and are doing themselves a disservice by not refinancing some of their investment property mortgage loans.

Refinancing an investment property can be complex, but there are some things you can do to make sure you’re doing it at the right time and you’re getting the lowest interest rates possible. The key is to stay on top of the mortgage industry trends and know when to dig deeper and consider a refinance.

The first thing is, do your homework. Interest rates change constantly. The going rate this morning may change by this afternoon! Unless you know what it is, you don’t know if you’re getting the best deal or not. And it makes a big difference! Small adjustments in interest rates can mean tens of thousands of dollars difference in total payments over the life of the loan. Read the financial news. Track mortgage interest rate trends, especially in your country or local area. An educated consumer is a wise consumer. This applies to loans as well as any other purchased item.

Second, use a mortgage broker. These trained professionals know exactly how to get the lowest interest rates possible, no matter what your specific circumstances. If you have a poor credit rating or are self-employed, you have a unique situation that brokers are trained to handle. They have access to thousands of lenders, each with many different programs. They know how to evaluate these programs and find one that will fit your needs. In combination with your own expert knowledge of current economic trends, using a mortgage broker will help you immensely in finding the best refinancing deal.

Third, buy down as much as you can. “Buying down” is a term used to describe taking some of the interest expense up front as “points.” The more you can do this, the lower the interest rate you’ll end up paying on the loan. This is always a good idea. Buy down as much as you can afford to. It may cost an extra few thousand at closing, but it will save tens of thousands in interest payments over the life of the loan.

Forth, negotiate. It’s not very well known that you can negotiate to lower your loan interest rates. Talk to more than one lender, or even more than one mortgage broker. Make sure each knows that you’re talking to others. Indicate that others have given you a lower rate. Don’t lie, but always be prepared to walk away. If you’ve done your homework and know the going interest rates, you’ll find that negotiation will bring you to the rock bottom interest rates you’re looking for.

These four tips will help you save thousands of dollars with the proper refinancing to the best possible interest rates for your investment properties.

Refinance Florida Mortgage Loans Now For Lower Interest Rates And More Affordable Payments

Average to above-average credit types stand to benefit from mortgage refinancing, especially in Florida. It is an attractive state for lenders who fund mortgage refinance loans. Known for having a booming economy and balmy weather, Florida is a popular destination for tourists, adventurers, young professionals, growing families, and retirees alike.

The population has been booming for decades as it is ranked 4th in U.S. Many new residents first experienced Florida as a visitor, loved it, and decided to stay. A booming population means the growing need for housing. Current mortgage and refinance rates have been lowered to fill that need, giving residents the opportunity to cash in on affordable (or more affordable) payments.

Real estate in Florida includes family homes, beach living, luxury estates, urban lofts, and some of the most sought after retirement communities in the country. Florida ranks low in terms of the tax burden placed on residents and research ranks it among the 5 lowest tax states in the country. It is also a prosperous state. Six of the 67 counties located in Florida are in the top 100 richest counties in the country.

With interest rates a low as they are, today is a prime time to get a new mortgage loan or refinance your mortgage. Why? It is quite simple. The Fed has taken serious steps and lowered interest rates for us to take advantage of. Generally, lenders find mortgage refinance loans in Florida pretty simple to close. Those two facts combine to make it possible to save hundreds, thousands, or even hundreds of thousands of dollars on your Florida mortgage or refinance loan. We do not know how long the record rate drops will continue. That is why the time is now. It will only take a few minutes to determine how much money you can save each month, and over the life of the loan.

For help securing low mortgage or refinance rates in Florida or any other state, visit

Kind regards,

-Ken S.