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You probably already know that a Houston refinance loan is a great way to take advantage of historically low interest rates in order to have a lower monthly payment, but you may not know that there are refinance options designed to help homeowners afford retirement or to “cash out” the equity of their home.

Refinancing is also a great way to lower your monthly payment if you need to. Contact us today and we can help you understand the refinance process.


What You Can Do with a Mortgage Loan Refinance?

You have a lot of options when you decide to refinance your home mortgage. You can

  • Free up equity for home improvement projects.
  • Lower your monthly payment.
  • Change the term of the loan to fewer years so that you pay down your equity faster.
  • Choose between federally backed and private loan options.
  • Tap into existing home equity for living expenses once you are over the age of 62.

Houston refinance mortgage rates fluctuate daily and are comparable to conventional mortgage loan rates.  We offer the most competitive refinance rates in the industry, and we are happy to help you calculate various refinance

You need an excellent credit rating to secure the most competitive industry rates. Scores of 740 or more are desirable; a score of 680 or less makes it hard to find a competitive rate.

You will need to show proof of regular employment in the form of several months’ pay stubs, as well as a copy of your income tax return and W2 form.

what you need to know

You will need to have a loan-to-value (LTV) ratio of 80 percent to be eligible to refinance your existing mortgage, the same as you would need to avoid paying

private mortgage insurance (PMI) on a primary loan.However, there are federally backed loans that allow homeowners to refinance “underwater” loans with an LTV of up to 125 percent.

Want to Know More About Refinancing Your Home?

Are you ready to have a lower monthly payment? Would you finally like to build the master bedroom suite of your dreams? A home mortgage refinance lets you use the equity in your home to improve your quality of life right now, without waiting until you sell your home, and with rates still low, they are a great solution for many Houston residents.

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Mortgage rates are always changing, however we pride ourselves on being the best at keeping up with trends and knowing when your "right time" is.

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1st Alliance Mortgage LLC
NMLS: 1407

750 William D. Fitch Pkwy
College Station, TX 77845

Phone: (713) 338-2084
Fax: (832) 494-1538