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Rate Term Refinance

This refers to the process of one loan with the proceeds from a new loan, using your existing property as collateral. States outside of Texas have limited cash out of up to $2,000 on a rate and term refinance.

 

Key Points 

  • Shorter Mortgage Term: Refinance your existing loan for another that is 10, 15, or 20-year fixed.
  • Lower Interest Rates: Refinancing would benefit you if you can reduce your existing interest rate to save on payments over the life of the loan.
  • Fixed-Rate: Eliminate the risk of your interest rate going up by converting an adjustable-rate mortgage (ARM) to one that has a fixed-rate.
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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.