Guide to Refinance, Mortgage,
& Home Equity Loans in
Citrus Park, Florida (FL)

Located just to the north of Florida’s most exciting and diverse metropolitan area of Tampa and St. Petersburg is the town of Citrus Park. Citrus Park is just far enough outside the hustle and bustle of the Tampa Bay area for people to still enjoy a night sky full of stars and the summer buzzing of fire flies, but close enough that it is only a short drive for a football or baseball game or a trip to a fantastic art museum. Millions of people have flocked to Florida in recent years to get away from the harsh northern winters, and towns like Citrus Park welcome new people with open arms. With the great school system, the perfect weather and the amazingly diverse community, it is no wonder that the Tampa – St. Pete area, and especially Citrus Park, is so popular. If you already call the great Citrus Park area home, then you might be in need of a great home refinance or maybe a home equity loan. If you are thinking of relocating to Citrus Park, you might benefit from a helpful first mortgage. Here are a few tips to get you started:

Refinance

People are always trying to get a leg up on their mortgage applications. Some people take it too far and fib or even outright lie on their application. This can lead to serious consequences if you are caught, but there is one thing you can do to help make your borrowing position as strong as possible. Before you apply for your refinance, contact the three major United States credit bureaus to order a free copy of your credit report. By going over your credit report with a fine toothed comb, you are making sure of two things: that there are no mistakes on your form and that no one has stolen your identity by opening up credit accounts in your name. If you do find a mistake, all three major credit bureaus have systems in place for reporting and fixing problems. If you discover that your identity was stolen, you will probably need to call your local police department to open up an investigation. What does any of this have to do with getting a refinance? Your lender puts a lot of weight on your credit score. Your credit score is determined by what is in your credit report. Even if there is only one minor mistake, it could cost you a few precious points on your credit score, and, in turn, cost you a few interest rate points on your new refinance. As long as humans work at credit bureaus, typos will happen. That is why it is vitally important that you double check your report before you apply.

Mortgages

The same is true if you are going after your first mortgage. The advantage that people who are refinancing have is that they have been through this process before and they have an impressive payment history on a mortgage already. A first time applicant, on the other hand, does not. That means that your lender is likely to put extra emphasis on your credit report, so it is even more important to make sure that it is right. You get one free credit report per year from each agency so checking it out is absolutely free.

Home Equity Loans

Making sure your credit is in good shape before you get a home equity loan is slightly less important, but it can still affect the interest rate you are eligible for. Since you are borrowing from value you already own, the biggest part about a home equity loan is the amount of equity you have and your mortgage payment history.

If you would like more information on home equity loans, refinancing or a first mortgage, please fill out the form below and one of our experts will contact you shortly.


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