Refinance
Make your current mortgage work harder for you.
Is a refinance worth it?
Your current loan
The new loan
You could save about
$280/mo
- Current principal & interest
- $2,281
- New principal & interest
- $2,001
- Break-even
- 18 months (1.5 yrs)
- Lifetime interest difference
- $51,086 less
Get Renee's refinance review
She'll price it with today's rates and tell you honestly if now is the time.
Estimates for illustration only, not a loan offer or rate quote. The example rate is not today's rate. Your actual rate, payment and costs depend on credit, property, loan program and market conditions. Property tax and insurance vary by county and property.
Refinance options
Rate & term refinance
- Lower your rate or monthly payment
- Move from an adjustable rate to a fixed rate
- Shorten your term to pay off sooner
- Remove PMI once you have enough equity
- Remove a co-borrower from the loan
Cash-out refinance
- Pay off high-interest debt
- Fund renovations, a pool or repairs
- Cover college tuition
- Raise a down payment for another property
Texas home equity (50(a)(6)) loans have special rules, including an 80% loan-to-value cap and a 12-day waiting period. Renee will walk you through them.
VA streamline (IRRRL)
- Lower the rate on an existing VA loan
- Usually no appraisal or income documentation
- Reduced VA funding fee of 0.5%
FHA streamline
- Lower the rate on an existing FHA loan
- Limited documentation
- Must show a net benefit to you
Love your current rate?
Tap your equity with a second loan instead, and leave your first mortgage alone.
Want Renee to run your numbers?
She'll price your refinance with today's rates. No obligation.