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Rate Term Refinancing

This means allows you to pay off one loan using the proceeds from a new one, utilizing the same property as security. Money received by the borrower at the closing table cannot be over $2,000. In Texas, you can never receive cash at closing on a rate term refinance of your primary house.

States outside of Texas may have limited cash out of up to $2,000.


  • Shorten Your Term: Refinance a loan you already have for another that is 10, 15, or 20-year fixed.
  • Lower Your Interest Rate: If you can reduce your interest rate to save on payments over the life of the loan, refinancing can be a good option.
  • Fixed Interest Rates: Switching an adjustable-rate mortgage (ARM) to a fixed-rate mortgage can eliminate the chance of future interest rate hikes.
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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.