TX Top Mortgage Lenders Since 1996

Mortgage Refinance: Compare Rates, Payments, and Cash-Out Options

Refinancing replaces your current home loan with a new one.


If the numbers work, you can lower your payment, change your term, remove PMI, or access equity, without guessing.

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What is a Mortgage Refinance?

Mortgage refinancing replaces your existing home loan with a new one, ideally with more favorable terms such as a lower interest rate, different loan term, or the ability to access your home equity.


The new loan pays off the old one, leaving you with a single new monthly payment. 


Most mortgage companies tell you when to refinance. We're going to show you how to decide for yourself, and why shopping 100+ lenders through Austin Capital gives you leverage that single-lender borrowers don't have.


Since 1996, we've helped Texas homeowners avoid $400+ million in unnecessary interest payments.


Here's what we've learned about refinancing that actually matters.

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Put your mortgage to work for you

Cash out

Leverage your investment and take advantage of the equity your home has built for years.

Great For

Renovating your home

Paying down high-interest debt

Use my equity

Lower payments

Increase your financial security by refinancing to lower your monthly mortgage payment.

Great For

Increasing cash flow

Saving for retirement

Lower my payment

Reduce loan term

Why wait when you can refinance into a shorter term and pay your mortgage off.

Great For

Reducing interest
Paying off mortgages faster

Reduce my term

Refinance Calculator

FAQs

Got a question? We’re here to help.

  • What is mortgage refinancing?

    Mortgage refinancing is the process of replacing your current mortgage with a new one. This is typically done to get a lower interest rate, reduce monthly payments, or change the loan term.



  • How do I know if I should refinance my mortgage?

    You should consider refinancing your mortgage if you can lower your interest rate, reduce your monthly payments, or pay off your mortgage sooner. Other factors to consider include your credit score, the current market conditions, and the cost of refinancing.

  • What are the benefits of mortgage refinancing?

    The benefits of mortgage refinancing include:

    • Lowering your monthly mortgage payments
    • Shortening the term of your mortgage
    • Getting a lower interest rate
    • Switching from an adjustable-rate mortgage to a fixed-rate mortgage


  • What are the costs associated with mortgage refinancing?

    The costs of refinancing your mortgage can vary depending on the lender, the type of loan, and other factors. Some common costs include:

    • Application fees
    • Origination fees
    • Appraisal fees
    • Title search and insurance fees

  • How long does the mortgage refinancing process take?

    The mortgage refinancing process typically takes anywhere from 30 to 45 days. However, this can vary depending on the lender, the type of loan, and other factors.

  • What documents do I need to refinance my mortgage?

    The documents needed to refinance your mortgage typically include:

    • Proof of income
    • Proof of assets
    • Credit score and credit history
    • Tax returns
    • Bank statements
    • Property information

  • What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage?

    A fixed-rate mortgage has an interest rate that stays the same throughout the life of the loan. An adjustable-rate mortgage has an interest rate that can change over time, based on market conditions.

  • Can I refinance my mortgage if I have bad credit?

    It may be possible to refinance your mortgage if you have bad credit, but it can be more difficult and may come with higher interest rates and fees.

  • Can I refinance my mortgage if I'm underwater on my home?

    It may be possible to refinance your mortgage if you owe more on your home than it's worth, but it can be more difficult and may come with higher interest rates and fees.

  • Should I refinance my mortgage with the same lender or a different lender?

    You can refinance your mortgage with the same lender or a different lender. It's important to compare rates and fees from multiple lenders to get the best deal.