TEXAS MORTGAGE BROKER · SINCE 2012
Mortgage Refinance in Texas
Whether you want to lower your rate, shorten your term, or access your home equity, I will help you determine if refinancing makes sense for your situation.
Should You Refinance Your Texas Mortgage?
Refinancing replaces your current mortgage with a new one, ideally on better terms. In Texas, refinancing is common for homeowners looking to reduce their monthly payment, switch from an adjustable rate to a fixed rate, or consolidate debt.
Texas has unique rules for cash-out refinancing under Section 50(a)(6) of the Texas Constitution. These rules cap your loan-to-value at 80%, require a 12-day waiting period, and include other consumer protections specific to our state. Not every lender understands these rules well. I do.
As an independent broker, I can compare wholesale refinance rates and find the best option for your goals. I will also run the break-even analysis so you know exactly when the refinance pays for itself.
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Lower Your Rate
If rates have dropped since you closed your original mortgage, refinancing could save you hundreds per month and tens of thousands over the life of the loan.
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Shorten Your Term
Moving from a 30-year to a 15-year mortgage can save massive interest over time. I will show you the numbers so you can decide if it is right for you.
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Access Home Equity
Cash-out refinancing lets you tap into the equity you have built. Texas 50(a)(6) rules apply, and I will walk you through every detail.
Texas Refinance Considerations
✓ Texas 50(a)(6) cash-out rules limit LTV to 80%
✓ 12-day waiting period required after application for cash-out refinances
✓ Title company must handle the closing (attorney not required)
✓ Current appraisal typically required
✓ Standard income, credit, and employment documentation
Wondering If a Refinance Makes Sense?
I will run the numbers and give you a straight answer. No pressure, just math.
Anthony Ferrando | Ferrando Financial LLC | NMLS# 2403080