Texas Refinance |Texas Home Equity Loan Refinance Investment

Home Equity Loans Texas

Now that gas prices are moving towards $4.00 gallon you may want use today's low mortgage rates to re-structure your entire financial situation. Use today's low mortgage rates to: refinance your home loan to a lower rate, move from a 30 year mortgage to a 15 loan, and pull cash out to pay off all your non-tax deductible debt.

There are two types of refinances in Texas. The first type is when you just lower your mortgage rate, but keep the same loan amount. This is called a "rate and term" refinance. Then there is a home equity loan or cash out refinance. This is when you pull money or cash out of your home.

My typical client saves around $400-$600 per month when they do a home equity loan with me. We use home equity loans to eliminate most/all of their non-tax deductible debt like car payments, credit card payments, student loans.

For example, I showed one client where he could pay off almost 35k in bills (car payments, credit cards, etc) and save $1110 per month. And when the bills are paid off, I encouraged him apply some of the savings--$450-- and apply it back to the 30 year mortgage so it's paid off in 15 years. This way he's still saving $660/month and cutting his mortgage term in half.

Home Equity Loans in Texas
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Type of home	Please Select Single Family Multi-Family Townhouse Condominium
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Debt Eliminator - Needs Assessment: Step 2 of 4
What is your total credit card debt?	Please Select Under $2,500 $2,500-$5,000 $5,000-$7,500 $7,500-$10,000 $10,000-$20,000 $20,000-$30,000 $30,000-$40,000 $40,000-$50,000 $50,000 +
Any other unsecured debt?
Estimated value of your property	Please Select Less than $100,000 $100,000-$200,000 $300,000-$450,000 $500,000-$700,000 $750,000-$1,000,000 over $1,000,000
How long do you plan to keep the property?	Please Select 1-5 years 6-10 years 11-15 years 16-20 years 21-30 years More than 30 years
What is your current percentage rate?
What is your current loan program?	Please Select Fixed Adjustable Option Other Not sure

Debt Eliminator - Borrower Information: Step 3 of 4
Are you the primary borrower?	Yes No
Is there a co-borrower?	Yes No
What is the employment status of the primary borrower?	Please Select Full Time Part Time Self Employed Student Retired Other
What is your average monthly income?
What are your average monthly expenses?
Do you know your credit score?	Yes No
Has the primary or co-borrower filed for bankruptcy in the last seven years?	Yes No

Debt Eliminator - Get Your Results: Step 4 of 4
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