Skip to main content


Refinancing in Florida

Refinancing a loan means the owner of a property that is being financed takes out a new loan to pay off one or more loans that already exist with the same property as collateral. At Pure Title Company, we assist with all types of refinances, including residential and commercial

Our Refinancing Difference

At Pure Title Company, we assist clients with determining whether or not refinancing is in their best interest and how it will affect their property ownership and finances in the long run. We do this by:

  • Explaining to owners the type of loan they currently have and how it differs from the one they are switching to
  • Clarifying for the owner how long it will take before they recoup in the saved interest the amount spent in refinancing costs
  • Explaining the pros and cons of refinancing given the property owners’ specific circumstances
  • Ensuring title to the property is clear and properly insured
  • Offering all services at a competitive price
  • Addressing to the client’s satisfaction any questions or concerns they may have
  • Scheduling the time and date of the closing around the owner’s schedule

Reasons For Refinancing

No matter which type of loan a property owner has, the reasons for refinancing are generally universal. Following are some of the most common reasons people and businesses choose to refinance. 

Lower Interest Rate

Interest rates depend largely on the state of the economy and vary widely over time. A lower interest rate can result in significant savings. Because of this, often it is in a property owner’s best interest to refinance to a lower interest rate. 

Convert To A Different Type of Loan

There are different types of loans, and sometimes it is advisable for the property owner to convert from one type to another. For example, if the existing loan is an adjustable-rate mortgage (ARM), then the interest rate may increase considerably over time. In that case, the owner will benefit from refinancing into a conventional loan with a set interest rate. 

Lower Payment Amount

If payments have been made for an extended period of time, it is possible to refinance the amount that is still outstanding simply to lower the monthly payment. The interest rate and type of loan may or may not change, but the lower balance being refinanced equals a lower payment. 

Change Length of Time of Payments

Generally speaking, mortgages are 15 or 30-year loans. By refinancing from a 30-year loan to a 15-year loan, an owner can pay off their mortgage more quickly. On the other hand, switching from a 15-year loan to a 30 year can significantly lower monthly payments. It all depends on the goals of the owner, which the professionals at Pure Title Company can address.

Refinancing Services From A Company That Cares

Refinancing a loan does not have to be tedious. At Pure Title Company, we strive to streamline the entire process to make it as effortless as possible for our property owners. Contact our company today to learn more about how we can assist you throughout the refinancing process. 


Pure Title Company Firm Logo

Gulf Breeze, FL | Pensacola, FL