| NHRA Lucas Oil Drag Racing Series-Friday from Thunder Valley … Autochannel (press release) - … 11.200, -0.950 5) Austin Ford, Spring, Texas, '67 Shelby, D … TOP DRAGSTER 1) John Garner, Houston, dragster, 7.107 … 2) Kevin Ford, Amarillo, Texas, dragster, 7.207 … |
Original post by Google Inc. and software by Elliott Back
 TexasSports.com |
Women's Swimming and Diving defeats Nebraska, 144-81 in season … TexasSports.com - … Junior Jessica Livingston (Houston, Texas) placed second at … victory well in hand, Texas also completed … freshman Traci Van Matre (Spring, Texas) completed the … |
Original post by Google Inc. and software by Elliott Back
 Albany Times Union |
Arnold Palmer finished with competitve golf Tampa Bay’s 10, FL - SPRING, Texas (AP) — He's one of golf's all-time greats. … Yesterday in the first round of the Champions Tour event in the Houston suburbs Palmer withdrew from … Palmer withdraws from Houston-area tournament Arnold Palmer says he's done with competitive golf. 'Arnie's Army' gets last look at legend |
Original post by Google Inc. and software by Elliott Back
| Sorenstam sets hot pace at Palm Desert Inside Bay Area, CA - … shot lead after two rounds in the Administaff Small Business Classic in Spring, Texas. … playoff spot in the Western Conference with a 3-all tie with Houston. … |
Original post by Google Inc. and software by Elliott Back
| Men’s Soccer hosts Conference-Leading Western Illinois Centenary College Athletics, LA - … Freshman Stephen Rifai (Spring, Texas/Klein) stands second on … Freshman Sam Robinson (Houston/Cy-Fair) stands tied … James Speed (Corpus Christi, Texas/King) has … |
Original post by Google Inc. and software by Elliott Back
| Golfing great Arnold Palmer still pilots own plane Team 4 News, TX - SPRING, Texas Golfing great Arnold Palmer arrived at the Houston-area Augusta … He flew to Texas from his home in Latrobe (luh-TROHB'), Pennsylvania. … |
Original post by Google Inc. and software by Elliott Back
| FEATURE-US homeowners eyeing mortgage rate escape hatch Reuters - … our payments by $500 a month," said Ivey, 32, of Spring, Texas, who soured … mini refinancing boom," said Dana Gompers, chief executive of First Houston Mortgage … |
Original post by Google Inc. and software by Elliott Back
| Mick's Mail DallasCowboys.com - Billy Guy, Spring, Texas: I haven't read any letters or read any comments from … Lynn Chenault, Austin, Texas: I know that everyone wants to blame Drew Bledsoe … |
Original post by Google Inc. and software by Elliott Back
| This Week in Golf - October 12th - October 15th Sports Network - … since withdrawing from the Shell Houston Open in late … CLASSIC, Augusta Pines Golf Club, Spring, Texas - Last year … Country Club, Midland/Odessa, Texas - Kris Cox … |
Original post by Google Inc. and software by Elliott Back
By: Eric Morris
Refinancing is the practice of paying off an existing loan by obtaining a new loan. The rationale behind refinancing is to benefit from the interest rate on the new loan compared to the one on the existing loan. This helps keep down the interest paid on the mortgage and reduces the monthly mortgage payment.
Homeowners in Texas who have taken mortgage loans at high interest rates usually take advantage of the refinance opportunities available across the state. A difference of couple of percentage points in interest rates can make a substantial difference to mortgage loans that are of a long-term duration.
For some people, refinancing helps them to stop depending on other forms of credit, like credit cards to meet unforeseen expenses. For others, it’s a means of freeing up extra cash to spend on additions like home improvements, shopping, and vacations. In any case, it is particularly helpful for those people who are unable to pay for other equally important expenses after making their monthly mortgage payments.
Matters to take into consideration while refinancing are the current value of the property, immediate equity in the form of a down payment, and the equity present in the home after owning it for so long. Normally, a mortgage refinance process takes less than thirty days. However, in Texas, this can take between thirty to forty-five days, or even more. This depends on the level of business operations of the lending institution. One way to effect a quick refinance is to have all paperwork completed as soon as possible. This requires providing all relevant information as asked for in the application form.
The interest rate that is offered when one applies to refinance a mortgage are dependent on the credit score, current income, market interest rates, and a few other property-related factors that would be specific to the case. This is the same in Texas as in the rest of the nation.
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