Is Now Really The Time For A Texas Refinance?

For most Houston homeowners right now is an excellent time for a Texas refinance. In fact with today’s record low Houston mortgage rates this is the opportunity of a lifetime not to be missed.

Why take out a Texas refinance loan? A refinance or home equity loan can lower your interest rate, reduce your monthly payment, shorten the time it takes to pay off your Houston home loan and give you much needed cash that you deserve to pay off debt or just do some much needed house improvements.

With Houston mortgage rates so low you could take advantage of a Texas refinance loan and cut the time it takes to pay off your loan and even pay less each month than you are now! That means you are years closer to financial freedom and having a free and clear asset to leave behind for your loved ones.

Those who have found themselves lumbered with high interest rate credit card debts and personal loans will find a Texas refinance ideal for debt consolidation and a way to finally retire that bad debt quickly and once again be able to sleep at night without tossing or turning. Or perhaps a home equity loan or line of credit is just what you need to be prepared for helping to pay for your children’s college tuition, supporting elderly parents, dealing with unexpected medical bills or making improvements to your home.

Of course how much you can save with a Texas refinance really depends on how much you are paying now, but just look at this example of a homeowner with a current $250,000 balance on their Houston mortgage at 6.5%. Instead of struggling to keep up with payments of $1,580.17 per month, by refinancing now at 3.75% they could reduce the monthly payment down to just $1,157.59. That’s a saving of over $422 each and every month. Then imagine if the difference was invested into a retirement account with compounding interest. At just a 6% annual return this would add up nicely to over a healthy $202,523!

Ready to refinance your current mortgage?

Apply online to be pre-approved.

Find out if now is the right time for you to refinance your current mortgage.