Title loan refinance is a process by which a borrower gets a new loan to pay off their old loan. The new loan typically has a lower rate of interest than the old loan.
This can save the borrower money over the period of the loan. The borrower must have equity in their vehicle to qualify for a it.
The borrower’s credit score may impact the interest rate of the new loan. The length of the loan may also be different than the original loan.
The borrower may be required to provide additional collateral for the new loan. It may not be available in all states.
The borrower should compare offers from multiple lenders to find the best offer and should understand the terms and conditions of the new lender before signing any documents.
List of Companies offering Title Loan Refinance in Florida
- Orange County
- Hillsborough County
- Broward County
- Miami-Dade County
- Palm Beach County