Mortgage Refinance in Lewisville, TX
Liberty Home Mortgage helps homeowners refinance with clear goals in mind, such as lowering the interest rate, switching to a fixed payment, shortening the loan term, or accessing home equity for a planned expense. We explain refinance options in plain English and guide you through the process clearly and compliantly, based on program eligibility.
We proudly serve homeowners in Lewisville (75056), Denton County, and communities across Texas.
Working with a local Lewisville mortgage broker can help you compare refinance options and choose a path that fits your timeline and budget.
Apply Now • 📞 Phone & Text: 713-955-4685 • ✉️ info@libertyhomemortgage.com • 🌐 www.libertyhomemortgage.com
What Is a Mortgage Refinance?
A refinance replaces your current mortgage with a new loan. The goal is often to improve your payment, interest rate, or loan structure. Some refinance options may also allow access to home equity as cash, if eligible and permitted under Texas rules.
Common Reasons Homeowners Refinance
Homeowners refinance for many reasons, including:
• Lowering the interest rate when it makes financial sense
• Switching from an adjustable-rate mortgage (ARM) to a fixed-rate loan
• Shortening the loan term to pay the home off sooner
• Removing mortgage insurance when eligible
• Using equity for home improvements, debt consolidation, education, or other planned needs (program dependent)
Types of Refinance Options
Rate-and-Term Refinance
A rate-and-term refinance focuses on improving the interest rate, the loan term, or both, without taking significant cash out. This option is commonly used to reduce payments or move into a more stable loan structure, subject to program guidelines.
Cash-Out Refinance (Texas)
A cash-out refinance allows you to access part of your home equity. In Texas, cash-out rules can vary based on loan type and structure. We review your goal and property details to confirm the correct approach under Texas regulations.
FHA Streamline Refinance
If you currently have an FHA loan, an FHA Streamline Refinance may allow a simplified process in many cases. Eligibility and net tangible benefit rules apply.
VA IRRRL (VA Streamline Refinance)
If you currently have a VA loan, the VA Interest Rate Reduction Refinance Loan (IRRRL) may offer a simplified refinance option in eligible situations, subject to VA rules.
Alternative Refinance Options for Self-Employed Borrowers
If your income does not fit traditional documentation methods, Liberty Home Mortgage may be able to review alternative refinance options for self-employed borrowers and business owners, depending on eligibility and lender guidelines.
• Bank statement refinance loans (program dependent)
• HELOC (Home Equity Line of Credit) options (program dependent)
• Portfolio and Non-QM refinance programs (program dependent)
How the Refinance Process Works
• Quick review: You tell us your refinance goal (lower payment, cash out, or term change)
• Option check: We compare programs, estimated costs, and timelines
• Close: We guide you through underwriting and closing with clear updates
Is a Refinance Loan Assumable?
Most refinance loans are not assumable. Assumable loans are typically limited to certain government-backed programs. When you refinance, a new loan is created and is usually not assumable. If assumability matters, let us know early so we can review options.
Frequently Asked Questions
When does refinancing make sense?
Refinancing may make sense when the long-term savings or benefits outweigh the closing costs, based on how long you plan to keep the home.
How long does a refinance take?
Many refinances close in about 20 to 45 days, depending on appraisal timing, documentation, and underwriting conditions.
Do I need an appraisal?
Many refinances require an appraisal, though some streamlined programs may not, depending on the loan type and scenario.
Can refinancing remove mortgage insurance?
Possibly. This depends on your loan type, equity position, and program guidelines.
Can I take cash out in Texas?
Yes, but Texas has specific rules for certain cash-out transactions. We confirm the correct structure based on your goal and property.
Will refinancing affect my credit?
Refinancing typically involves a credit review. The impact varies by borrower and credit profile.
What documents will I need?
Documentation depends on the program. Some refinances require full income and asset documentation, while others use reduced documentation. We provide a simple checklist after review.
Get a Refinance Quote
Tell us your goal and we will outline refinance options step by step. Depending on eligibility, options may include conventional refinance, FHA refinance, FHA Streamline, VA refinance, VA IRRRL, Texas cash-out refinance, HELOC solutions, or portfolio loan options.
📞 Phone & Text: 713-955-4685
✉️ info@libertyhomemortgage.com
🌐 www.libertyhomemortgage.com
Apply Now
Equal Housing Lender 🏠⚖️
Company NMLS: 321164 • Aslam Mansoor NMLS: 184238
Liberty Home Mortgage • 4400 State Hwy 121 STE 300 • Lewisville, TX 75056
All loans are subject to underwriting approval and credit review. Some restrictions may apply. Programs, rates, and terms are subject to change without notice.