Stuck in a loan that doesn’t match your current financial picture?
Homeowners shouldn’t feel tied down with the first home loan that they get. Refinancing your home can get your home’s mortgage payment and interest rate lower than your original agreement. If you signed the papers for your home 10 years ago, your interest rate could’ve ranged from 5 to 6 percent for a 30-year loan.
Fast forward to this year and interest rates for a 30-year loan haven’t broken the 4.5 percent mark. Needless to say, your old home loan is due for a refinance so you can lock in the low interest rate. Here at Texas Edge Mortgage, our refinance loans allow you to improve your home situation at the lowest rates possible.
Facts about Refinancing Your Home
Refinancing a perfect credit-loan, a FHA-loan, a VA-loan or a jumbo loan can both lower your monthly rates and shorten the term of your mortgage. You may be thinking that you don’t want to go through the process of refinancing your home, but think about this. If you were to have received a 30-year loan at an interest rate of 6 percent for $300,000, you would have a monthly payment of $1,798.65, according to our mortgage loan calculator.
Now if you were to refinance at a lower interest rate such as 4.38 percent, your monthly payments would be $1,498.74. That’s a difference of $299.91 per month! Now measure that savings over the span of one year and your family would be saving more than $3,500! That’s enough to take your family on a grand vacation.
At Texas Edge, we provide a home loan experience beyond the capabilities of other Texas mortgage lenders, thanks in part to a slate of home lending products unmatched in the industry. Why? The State of Texas requires mortgage companies to hold a slew of regulatory licenses before providing home purchase loans, home refinance loans, home equity loans, and reverse mortgages to customers. Many national lenders just don’t have the licenses needed to provide Texans with 1st liens, 2nd liens for purchase, refinances, and home equity lines of credit. At Texas Edge Mortgage, we provide all of that and more. We have a loan program for just about every individual need.
To refinance your home, look no further than Texas Edge Mortgage. We’re Texans just like you, and we know what Texans are looking for with their home refinance loans. Feel free to contact us by filling out the form to the right, or you can give us a call at 281-679-6433. We look forward to assisting you with your home refinance needs!Contact A Professional Today