REFINANCE · TEXAS
Refinance Your Mortgage in Texas
Lower your rate, change terms, or access equity with a Texas refinance structured around your real income—especially if you are self-employed or an investor.
Refinancing replaces your current mortgage with a new one. Rate-and-term refinances focus on payment or term improvements. Cash-out refinances may let you tap equity for renovations, debt consolidation, or business needs when guidelines allow. Texas homestead rules can affect cash-out structure on primary residences—tell us your goal up front.
Aiden Fahimi, Broker | Mortgage Advisor (NMLS #1943973) · Expo Lending LLC · NMLS #2619446
Who Refinances With Expo Lending
- Homeowners seeking a better rate or shorter/longer term
- Self-employed borrowers who need non-QM documentation to refinance
- Owners wanting cash-out when equity and program rules support it
- Investors refinancing rentals via personal income or DSCR paths
- Jumbo-balance homeowners above conforming limits
Rate-and-Term vs. Cash-Out
Rate-and-term
Designed primarily to change the rate and/or term without taking large cash out. Often used when payments feel high relative to current market options or when you want to shorten the schedule.
Cash-out
Converts equity to cash at closing within program limits. Uses vary—home improvements, reserves, or investment capital. Availability, seasoning, and Texas-specific rules depend on occupancy and the selected program. We stay general here and underwrite the specifics on your file.
Documentation for Refinances
Refinances use many of the same income paths as purchases:
- Bank statement loans — Deposit-based income.
- P&L loans — CPA P&L qualification.
- 1099 loans — Contractor income.
- Asset depletion — Asset-based qualification.
- Jumbo refinance — High balances.
- Investment property / DSCR — Rental refinances, including nationwide DSCR.
- Difficult scenarios — Credit or DTI complications.
Refinance Process
- Goal call — Payment relief, term change, or cash-out amount.
- Equity & credit snapshot — Estimate options without webpage rate promises.
- Application & disclosures — Texas-compliant packaging.
- Appraisal & underwriting — Conditions cleared.
- Closing — New loan funds; prior loan paid off.
Is Refinancing Worth It?
Break-even depends on closing costs, how long you will keep the loan, and the payment change. We run simple comparisons so you can decide—not pressure. If waiting is smarter, we will say so.
Expo Lending is Texas-based with hundreds of successful closings—purchases and refinances—on Success Stories. Investor DSCR refinances are available in all 50 states.
Texas Homestead Notes
Primary residences in Texas can face homestead-related requirements on certain cash-out refinances, including waiting periods and closing formalities. We will not oversimplify those rules here; instead we confirm occupancy, prior loan history, and your goal, then structure a compliant path when a program fits. Second homes and investment properties follow different frameworks.
Refinancing When Income Changed
Switched from W-2 to self-employment? Started an LLC? Income documentation may differ from the loan you closed years ago. That is normal—and exactly where bank statement, P&L, 1099, and asset depletion options help. Investors can also refinance with DSCR in all 50 states when the property cash-flows.
Costs & Break-Even
Compare lender fees, title costs, and prepaid items against monthly savings. If you plan to sell soon, a refinance may not pay off. We run the math plainly so you can decide with eyes open.
Investor Refinances Across State Lines
If your rental is outside Texas, a DSCR refinance through Expo Lending may still be available—we offer DSCR investor loans in all 50 states. Share the rent roll or lease, estimated payoff, and property address; we will estimate DSCR against a sample payment before you pay for an appraisal.
For Texas primary homes, start with personal-income documentation paths on this page. For a full map of residential options, use the residential mortgages hub.
Refinance FAQs
Can I refinance if I am self-employed?
Yes. Many clients refinance using bank statement, P&L, 1099, or asset depletion documentation when tax returns understate income. Guidelines vary, subject to underwriting.
What is the difference between rate-and-term and cash-out?
Rate-and-term focuses on changing rate/term with little or no cash back. Cash-out lets you take equity as cash within program and Texas rules.
Can I cash out on a Texas homestead?
Texas has specific homestead cash-out requirements. We structure compliant options when a program is available—details depend on your property and file.
Can investors refinance with DSCR?
Yes. DSCR refinances—including cash-out when allowed—are offered for qualifying investment properties, and Expo Lending provides DSCR in all 50 states.
Do you refinance only Houston homes?
No. Expo Lending refinances homes across Texas.
Mon–Fri 9 AM–6 PM Central · Serving all of Texas
Equal Housing Opportunity. Expo Lending LLC, NMLS #2619446. Aiden Fahimi, Broker | Mortgage Advisor, NMLS #1943973. 1000 Main St, Suite 2300 PMB 1161, Houston, TX 77002. Office (877) 732-4464 · Direct/Text (713) 885-3944. Programs, guidelines, and availability vary and are subject to underwriting approval. This is not a commitment to lend. NMLS Consumer Access: nmlsconsumeraccess.org.
