Houston rate term refinance

Houston Rate Term Refinance

Rate term refinancing refers to the process of paying off one loan with the proceeds from a new one, using the same property as security. Funds gained by the borrower at closing must not exceed $2,000. In Texas, you are never able to receive cash at closing on a rate term refinance of your primary home.

Other states have a limited cash out of up to $2,000 on a rate term, but not Texas.


  • Shorten the Term of Mortgage: Refinancing an existing loan for a 10, 15, or 20-year fixed new loan.
  • Lower Rate of Interest: Refinancing is a great option if you can lower your existing interest rate to save interest payments over the life of the loan.
  • Fixed Rate of Interest: Converting an adjustable-rate mortgage to one that has a fixed-rate can eliminate the risk of future jumps in your interest 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.