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Re-Finance Your Loan – Veterans Point Home Loans
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  • New Braunfels, Texas
  • info@veteranspoint.com
We know you have questions

Re-Finance Your Loan

refinace your home

Why and How to Refinance Your Mortgage

Refinancing your mortgage can be an effective way to leverage the equity you’ve built in your home, reduce your current interest rate, and reduce your monthly costs. The team at Veterans Point Home Loans is her to support you through the process.

A Dedicated Team

Years of experience to help you navigate the mortgage refinancing process smoothly.

Great Support

Answering questions and providing guidance, on your schedule to help simplify the process.

Personal Attention

We know our clients by name, you’re so much more than just anotehr transaction to us.

The Benefits of Refinancing

Refinancing your mortgage can be an effective financial tool to reduce your monthly costs,  position yourself to pay off your loan faster as well as free up cash for things you need. But before you take that step, it’s important to consider a few important factors.

How can refinancing your mortgage help your financial situation?

When you are evaluating refinancing your mortgage, it’s important to consider what’s involved in the process and what you want the end result to be.

INTEREST RATES
  • Reduce how much interest you pay. If you currently have a 30-year mortgage and refinance to a 15-year mortgage you pay off the loan in half the time. Subsequently, you pay less in interest payments and reduce principal more rapidly.
  • Reduce your monthly costs. Refinancing your mortgage offers two options to help you reduce your monthly costs. You can refinance at a lower interest rate or extend your mortgage term. Both options will result in reducing your current monthly mortgage payment, but you need to determine which option is best for you. Not sure? Let one of our VA mortgage specialists review your options with you and determine what course makes the best sense for your specific situation.
  • Get cash out. Leverage the equity you currently have in your home with a cash-out refinance. This allows you to borrow more that what you owe on your existing loan and receive the difference to put toward what you see fit.
  • Get a fixed rate. Since adjustable rates can change over time and result in unexpected increases to your monthly budget, refinancing to a fixed-rate mortgage could be a good financial move. With interest rates at historic lows, now may be a good time to move from an adjustable rate mortgage or ARM, to a fixed-rate loan and have greater predictability around your monthly costs.

We understand the refinancing process can be complex, so contact Veterans Point Home Loans today to review your options and initiate the refinancing process.

Visa Immigration Agent

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE LOAN ORIGINATOR. COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV