Refinance Your West Palm Beach Home – Lower Your Rate/Payment
Refinancing (rate-and-term) replaces your current mortgage with a new one at a lower rate or shorter term—without taking cash out. The goal: save money, reduce your payment, or pay off your loan faster. If you bought in West Palm Beach when rates were higher, now might be the time to secure a lower rate and payment for lasting savings.
Lower Your Mortgage Rate, Lower Your Payment
Refinancing from 7.5% to 6.5% on a $300,000 loan could save around $200 per month—that’s $2,400 a year, or $24,000 over 10 years. If you switch from a 30-year to a 15-year term, you could cut tens of thousands in interest and own your home outright sooner.
Use our
mortgage refinance calculator to estimate your new payment and lifetime savings.
Which Refinance Option Is Right for You?
Lower Your Interest Rate
Reduce your monthly payment and total interest paid.
Shorten Your Loan Term
Move from a 30-year to a 20- or 15-year mortgage to save on interest and pay off your home faster.
Switch From ARM to Fixed Rate
Lock in long-term payment stability if you currently have an adjustable-rate mortgage.
Remove PMI
If your home’s value has increased and you have 20%+ equity, refinance to eliminate private mortgage insurance.
Streamline Your Refi
Eligible homeowners can use simplified processes like FHA Streamline or a VA IRRRL for even faster approvals.
Is Now the Right Time to Refinance?
We monitor interest rates and market trends daily. If rates have dropped since you purchased, refinancing could mean big savings. If not, we’ll add you to our
Rate Watchers Program—you’ll get notified when the timing is right to lock in a better deal.
Why Refinance With CTC?
The CTC Refinance Experience – Local, Fast, Transparent
No Upfront Fees
Business owners in downtown West Palm
Digital, Hassle-Free Process
Use e-sign and digital docs for a smooth experience.
Use e-sign and digital docs for a smooth experience.
Local team means faster, more accurate West Palm Beach appraisals.
Personalized Advice
We only recommend a refi if it benefits you—expect honest, expert guidance every step.
Flexible Scenarios
We handle unique needs like removing a co-borrower, changed income, or divorce situations.
Explore all our refinance options and see which program fits your goals.
Rate & Term Refinance FAQ – West Palm Beach
Frequently Asked Questions
How soon can I refinance after purchasing?
Most lenders allow refinancing after 6–12 months. If you bought recently, check with our team about any waiting periods or opportunities to improve your rate.
What credit score do I need to refinance?
Similar to purchasing—a higher score gets you the best rates. If your score improved since you bought, you may save even more by refinancing.
What are the closing costs to refinance?
Typical costs are 2–5% of the loan, often rolled into your new mortgage. Some programs offer no-closing-cost options in exchange for a slightly higher rate.
Is it worth refinancing if my rate only drops by 1%?
The 1% rule is a guideline, but actual savings depend on your loan size and plans. We run a custom breakeven analysis to show you exactly when refinancing pays off.
Can I refinance to remove or add someone from the mortgage?
Yes—you can add or remove borrowers (such as after divorce or adding a spouse) by refinancing. We’ll guide you through any conditions or steps.
Not Sure if Refinancing Will Pay Off? Let Us Crunch the Numbers
Contact our West Palm Beach refinance team for a free savings analysis—no pressure, just answers. We’ll show your projected savings, break-even timeline, and the smartest next steps for your situation.