Refinance with a plan, not a guess.
A refinance should make your life better, whether that means a lower payment, paying off your home faster, removing mortgage insurance or using your equity. I review your current loan and your goals and give you an honest answer, even when that answer is to wait.
Who it's for
- Homeowners who want to lower their payment or shorten their term
- Homeowners who want to remove FHA mortgage insurance
- Homeowners who want to use equity for renovations or other goals
How it works with me
- Rate and term refinances change your interest rate, your loan term or both.
- Cash out refinances let you access equity. Texas has specific rules for cash out on a homestead, and I will walk you through them.
- VA and FHA homeowners may have streamline options with less paperwork.
What you'll need
- Your current mortgage statement
- Your homeowners insurance declarations page
- Income and asset documents
Every situation is different. Send me your scenario and I will tell you honestly which programs fit, and compare them side by side in writing.
Programs, terms and eligibility vary and are subject to credit approval, underwriting guidelines and program availability. Not all applicants will qualify. This is not a commitment to lend. Laila Smith, NMLS #844202, HomeTown Lending, NMLS #2712965. Equal Housing Opportunity.
Questions buyers ask me
How do I know if refinancing makes sense?
I compare your current loan to your options and show you the break even point in writing, so you can decide with real numbers.
What is special about cash out in Texas?
Texas has its own rules for home equity loans on a homestead, often called Texas 50(a)(6). They include limits and waiting periods. I will explain how they apply to you.
Can you track my loan and tell me when it is time?
Yes. I review my past clients' loans regularly and reach out when a refinance could help.