Refinance Your Houston
Mortgage Today
Lower your rate, reduce your payment, or access cash from your home equity.
FREE consultation to see if refinancing makes sense for you.
Top Reasons to Refinance
See if any of these goals match your financial situation
Lower Your Interest Rate
Rates have dropped? Lock in a lower rate and save thousands over the life of your loan. Even a 0.5% reduction can save $100-$300/month.
Reduce Monthly Payment
Lower your monthly mortgage payment to improve cash flow, pay off other debts, or increase savings for future goals.
Shorten Loan Term
Switch from a 30-year to 15-year mortgage to pay off your home faster and save tens of thousands in interest, often with minimal payment increase.
Remove PMI
If your home value has increased and you now have 20%+ equity, refinance to eliminate private mortgage insurance (PMI) and lower your monthly payment.
Access Home Equity
Use your home's equity for renovations that increase value, consolidate high-interest debt, or fund major expenses at a lower interest rate than credit cards.
Switch Loan Type
Move from an adjustable-rate (ARM) to a fixed-rate mortgage for payment stability, or from FHA to conventional to remove mortgage insurance.
Houston Refinance Options
Choose the refinance type that matches your goals
Rate & Term Refinance
Lower Rate or Change Term
Reduce your interest rate to save thousands over the life of your loan, or shorten/extend your loan term to fit your financial goals.
Best for: Homeowners who have been in their home 2+ years and rates have dropped, or want to change loan term
Learn More About This OptionCash-Out Refinance
Access Home Equity
Convert your home equity into cash for renovations, debt consolidation, investments, or other major expenses while potentially lowering your rate.
Best for: Homeowners with 20%+ equity who need cash for renovations, debt consolidation, or major purchases
Learn More About This OptionFHA Streamline Refinance
Quick FHA-to-FHA Refi
Fastest refinance option for existing FHA borrowers. No appraisal, minimal documentation, and lower costs make this the easiest way to reduce your FHA payment.
Best for: Current FHA borrowers who want to lower their rate with minimal hassle and documentation
Learn More About This OptionVA IRRRL (Streamline)
VA-to-VA Refinance
Interest Rate Reduction Refinance Loan for veterans. No appraisal, no income verification, and the VA funding fee can be financed into the loan.
Best for: Veterans and active military with existing VA loans who want to lower their rate with zero hassle
Learn More About This OptionWhy Refinance with AKTX Mortgage Loans?
Houston's trusted refinance experts
Free refinance consultation with no obligation
Access to multiple lenders for best rates
Streamline refinance options (FHA/VA) with no appraisal
Cash-out refinance up to 80% LTV
Conventional, FHA, VA, and Jumbo refinance options
Close in as little as 21 days with streamline programs
Rate locks available from 30-60 days
Expert guidance on when to refinance vs. stay put
Refinance FAQs
Common questions about refinancing in Houston
When should I refinance my mortgage?
Refinance when: (1) Rates are 0.5-1% lower than your current rate, (2) Your credit score has improved significantly, (3) Your home value has increased and you can remove PMI, (4) You need to access equity for improvements or debt consolidation, (5) You want to switch from ARM to fixed rate, or (6) You want to shorten your loan term to pay off faster.
How much does it cost to refinance?
Typical refinance closing costs range from 2-5% of loan amount ($4,000-$10,000 on a $200,000 loan). Costs include appraisal ($500-$700), title insurance ($1,000-$2,000), origination fees (0-1%), and other lender fees. FHA Streamline and VA IRRRL have lower costs. Many borrowers roll costs into the new loan.
How long does refinancing take?
Standard refinance: 30-45 days. FHA Streamline/VA IRRRL: 21-30 days. Timeline depends on appraisal (if required), title work, and documentation. Streamline refinances are fastest because they require no appraisal or income verification in most cases.
What's the difference between rate-and-term and cash-out refinance?
Rate-and-term refinance changes your interest rate or loan term but you receive no cash at closing (except small refunds). You can borrow up to 97-100% of home value. Cash-out refinance gives you cash from your equity (up to 80% LTV) but typically has slightly higher rates and stricter requirements. Use cash-out for renovations, debt consolidation, or major purchases.
Can I refinance if I have an FHA or VA loan?
Yes! FHA borrowers can use FHA Streamline Refinance (no appraisal, minimal docs, lower costs). VA borrowers can use VA IRRRL (no appraisal, no income verification). Both programs make refinancing fast and easy for current FHA/VA borrowers. You can also refinance from FHA/VA to conventional if you have 20%+ equity to remove mortgage insurance.
See If Refinancing Makes Sense
Get a FREE refinance analysis. We'll show you exactly how much you can save.
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