Capital Home Mortgage Laredo

Laredo Mortgage Refinance

What is the Purpose of your Laredo Mortgage Refinance
Reduce the Payment? Shorten the Term? Equity Cash-out?
No Matter the Goal... Capital Home Mortgage has the Texas Loan Program.

Rate & Term Refinance In Laredo

When debt needs to be reorganized, refinancing can help. You can acquire better loan terms and change interest rates by refinancing your existing loan. For instance, you need to refinance to lower your current interest rate, or you may wish to refinance to convert an adjustable-rate mortgage to a fixed-rate mortgage.

Homeowners refinance for several reasons. They may want to lower their current interest rate to a better and lower rate. Some may reduce the term of their original loan. Others might refinance to a longer term to lower monthly payments. A rate and term refinance is simply changing the initial term of your original loan to fit your current lifestyle.

The most significant advantage for owners of FHA-insured loans is the reduction or elimination of their monthly mortgage insurance premiums (MIP). After accruing sufficient home equity, many borrowers who first obtained FHA loans eventually refinanced into conventional loans.

Rate and Term Refi vs. Cash-Out Refi

A rate and term refinance and a cash-out refinance allow homeowners to obtain a new mortgage while changing the interest rate, loan length, and loan type. With a cash-out refinance, however, homeowners have an additional option: borrowing money from their home equity.

In a cash-out refi, the homeowner receives a new loan for more than they owe, pays off the existing mortgage, and keeps the difference. The extra funds can be used for anything, including debt consolidation or home improvement initiatives. 

Cash-out refinances are distinct from rate-and-term refinances in that the latter allows you to withdraw cash from your home equity in exchange for a larger loan principle. Before qualifying for a refinance, you must satisfy your lender’s income, debt, and credit score requirements.

Apply for a Rate & Term Refinance in Laredo

Laredo residents who qualify can get rate and term refinancing from Capital Home Mortgage. Call us at (956) 307-3422 to talk to one of our professional loan officers about your Laredo mortgage rate & term refinance.

Why Laredo is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Laredo Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Laredo Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Laredo Mortgage Rates

Capital Home Mortgage Laredo is dedicated to offering Great Laredo Mortgage Rates.

Call now to speak with a Loan Officer or request a no obligation custom rate quote.

Laredo FHA Home Refinance Loan

FHA offers a streamline refinances that simply reduces the interest rate and lowers the payment or shortens the term of the loan.  This rate and term option can be fully documented loans, or can be reduced documentation. The other FHA option is a cash-out refinance allowing homeowners the ability to access the equity in the property. (Not Allowed in Texas)

FHA Standard Refinance

  • Appraisal Required
  • 97.75% Max Loan to Value
  • Closing Costs Can Be Rolled In
  • 80% Max Loan to for Cash-out
  • Cash-out Option Available
  • County Loan Limits Apply

FHA Streamline Refinance

  • FHA to FHA
  • No Income Qualification
  • No Appraisal Required
  • Closing Costs Cannot Be Rolled In
  • No Lates on Mortgage in Last Year
  • Payment Must Drop on Fixed Rates

Laredo VA Home Refinance Loan

VA Home Mortgages offers two types of refinances. The first is an Interest Rate Reduction Loan known as an IRRRL, which is a VA loan to VA loan.  The second is full documentation as rate and term or cash-out. The IRRRL is the most popular refinance as it requires no income verification, no appraisal, requires that the mortgage payments have been paid on time for the past 7 months and that there is a tangible benefit for the veteran.  Second is a full documentation loan requiring income verification and an appraisal.  This can be either a rate and term conversion from another type of mortgage program or a cash-out of equity. (Texas Excluded)

VA Home Refinance

    • Appraisal Required
    • Closing Costs Can Be Rolled In
    • 90% Max Loan for Rate and Term
    • Cash-out Option Available
    • Primary Residence Only

VA Streamline Refinance

  • VA to VA
  • No Appraisal Needed
  • No Income Documentation Needed
  • Reduced Funding Fee – Financed
  • Primary and Investment Properties

Laredo USDA Home Refinance Loan

USDA Home Mortgages offer only USDA to USDA refinancing. All USDA program guidelines still apply including the geographical and income restrictions.

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes Allowed
  • Closing Costs & Repairs Can Be Rolled In

Laredo Conventional Home Refinance

Conventional Home Mortgages offers refinancing with higher loan limits and offers more options but require full documentation for income assets and usually an appraisal unless a property inspection wavier is granted.
    • Primary, Secondary & Investment Properties
    • Single Family, Duplex, Tri and 4-Plex
    • Rate and Term
    • Cash-Out Equity
    • Loan to Value Restrictions Apply
    • County Loan Limits Apply

Laredo Jumbo Home Refinance Loan

Jumbo Home Mortgage refinancing requires the same higher credit standards and equity that purchase transactions require. 

  • Up to 3 Million Loan Amounts
  • Up to 90% Loan to Value (Credit Restrictions Apply)
  • Base Loan Amounts Varies by State and County
  • Subject to Investor Requirements

Laredo Reverse Mortgage Refinance Loan

Covert a Traditional Mortgage into an Equity Line… Stop Monthly Mortgage Payments.

  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • Credit Scores Not Applicable
  • Minimum Age 62

Laredo Native American Refinance Loan

Native American Home Loans have 3 types of refinances available, Full Documentation, Streamline and Rehabilitation. 

Native American Renovation Refinance

  • Appraisal Required
  • 97.75% Max Loan to Value
  • Closing Costs Can Be Rolled In
  • 85% Max Loan to for Cash-out
  • Cash-out Option Available
  • County Loan Limits Apply

Native American Standard Refinance

  • HUD 184 to HUD 184
  • No Income Qualification
  • No Appraisal Required
  • Closing Costs Cannot Be Rolled In
  • No Lates on Mortgage in Last Year
  • Payment Must Drop on Fixed Rates
Not Sure? Take a Look at Other Laredo Mortgage Programs

Laredo Texas Mortgage Team

Conor Hayhurst

Managing Director
NMLS 743506

Damon Embler

Loan Officer
NMLS 882260

Kelly Cameron

Loan Officer
NMLS 178093

Lynette Surman

Loan Officer
NMLS 2097265

Laredo Mortgage Company Reviews

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