A Rate/Term Refinance allows homeowners to replace their existing mortgage with a new one that offers updated terms, a revised loan structure, or a more suitable repayment timeline.
This type of refinance does not provide cash back to the borrower (other than allowable incidental amounts) and is designed to help homeowners align their mortgage with their current financial goals.
Adjust the length or structure of your mortgage to better match your financial plans.
Move from an adjustable structure to a more stable long‑term option, depending on eligibility and program guidelines.
Make changes to the individuals listed on the loan, subject to qualification requirements.
If equity requirements are met, borrowers may be able to remove monthly mortgage insurance.
Some programs offer simplified documentation and faster processing for eligible borrowers.
Designed strictly for updating the loan's structure—not for withdrawing equity.
Texas homeowners use rate/term refinancing to simplify their mortgage, update outdated loan structures, and align their financing with long‑term goals. Whether adjusting the term, removing mortgage insurance, or transitioning to a more stable loan format, this refinance option provides a clear and efficient path forward.
Talk to Kay about refinance options — one conversation, no obligation.
📞 Call 817-456-3555 Apply NowThis is not a commitment to lend. All loans are subject to credit approval, property eligibility, and program guidelines. Terms and conditions may change without notice. Not all applicants will qualify.
We are an Equal Housing Lender. Housing discrimination is prohibited by federal law.
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Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending. Forms and instructions are available at www.sml.texas.gov.