Loan Program
Refinance
Lower your rate, shorten your term, or restructure the loan you already have.
Overview
A refinance replaces the loan you have with a better version — a lower rate, a shorter term, or a structure that fits how your life has changed. In Texas, refinance mechanics have unique home-equity rules we walk through file by file.
Who it's for
- Homeowners with rate above current market
- Owners who want to drop PMI at 20% equity
- ARM-holders converting to fixed
- Owners removing an ex-spouse from the note
Benefits
- Rate-and-term at competitive pricing
- Streamline options on FHA, VA, USDA
- Term reduction (30 → 20/15) strategies
- No-cost refinance structures available
Common Questions
When is refinancing worth it?
When break-even (closing costs ÷ monthly savings) is under 24-30 months AND you plan to stay past that.
How long does a refinance take?
30-35 days is standard. VA and FHA streamlines can close faster.
Do I need a new appraisal?
Usually yes, though appraisal waivers are common on Conventional and streamlines on FHA/VA.
Financing Provided Through
Clear Rate MortgageLicensed Mortgage Lender · NMLS #2470446
Mike Keys · NMLS #2795829 · Company NMLS #2470446
A boutique client experience, backed by a national lending platform.
- · Company licensed in 17 states
- · Broad portfolio of loan solutions
- · Experienced lending & operations team
- · Professional service from application through closing