Dallas Mortgage Refinance: Take advantage of low Texas mortgage rates! Refinance!

Dallas Mortgage Refinance:  Take advantage of low Texas mortgage rates! Refinance!

Refinancing mortgage often smart even if you have to pay

http://www.usatoday.com/money/perfi/columnist/block/2010-07-27-yourmoney27_ST_N.htm

At the height of the housing boom, refinancing was doubly rewarding: You could lower your monthly payment and extract some cash to spiff up the kitchen.With mortgage rates at record lows, refinancing still offers the promise of lower monthly payments. But forget about that Sub-Zero refrigerator. Instead of taking cash out, you may have to pay cash upfront when you refinance.

 Here’s why: If the loan-to-value ratio of your new loan is above 80%, a lender will probably require you to pay private mortgage insurance, which could wipe out the benefits of reducing your interest rate. You may also be ineligible for the lowest rates.

 Whether you’re interested in a mortgage refinancing or a new home mortgage, we’re available to help. We’re a local Dallas lender that can offer you the best mortgage rates with the lowest closing costs! Give us a call today! Or use our online quote application!

Dallas:  972-325-2120      Austin:  512-996-8194      Houston:  713-589-2244

Dallas Mortgage Refinance Rates as of 07/26/2010
Mortgage Rates                                              Interest Rate APR 
Texas Conforming Home Loans and FHA Home Loans 
30-Year Fixed Mortgage Rates            4.500%      4.686%
30-Year Fixed FHA Mortgage Rates  4.625%      5.364%
15-Year Fixed Mortgage Rates             3.875%      4.195%

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