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Why do we want to refinance our Houston Texas property?

By Kelly

Monday, March 10, 2008

We have 2 main reasons why we are looking to Refinance our Houston, Texas mortgage.  The first of the 2 is that our current Houston mortgage is at a fixed rate of 7.25 percent for 30 years.  We know that currently we can get a mortgage in Houston at a 6.25 fixed rate for 30 years.  The other reason we would like to refinance our Houston, Texas home is that we would like to take some money out of the equity and do some home improvements.  So even if we were to take money out when we did a Houston, Texas Refinance we would still be saving thousands of dollars in the long run with our mortgage.  It is just a winning situation for us and we believe it would be stupid for us not to take advantage of this at this time.