Texas Mortgage Lending

 Home
 Loan Products  Contact Us  Apply Now  

Benefits:
  • Reduce Your Interest Rate
  • Cash Out Equity for Home Improvements
  • Consolidate Debt
  • Lower Monthly Payments

  • To Refinance You'll Need:
  • Current Appraisal and Analysis
  • Verification of Assets and Income

  •     Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out). A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.


    Another way to convert equity in your home to cash is a “home equity” loan. A “home equity” loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your loan.

    In order to refinance you will need a current appraisal, analysis and in many cases verification of your income and assets, as well as most of the same paperwork required when you originally financed your home. Adequate property insurance and new title insurance is necessary.
    Texas Mortgage Lending
    Apply Online Now
    Jumbo Loans
    Texas Bad Credit Loans
    Loan Products
    Interest Rate Tracker
    Purchases
    Refinance
    Calculators
    Glossary
    Contact Us
    Home
    Exchange Links
             
    ©   | Contact Us | Directory | Exchange Sites
    Mortgage Web Site Design www.ezloandocs.com