Refinance Loans in Austin, TX

What a Refinance Does

Refinancing pays off your current mortgage with a new one. People usually do it for one of a few reasons: to lower the interest rate, to shorten or lengthen the term, to switch from an adjustable rate to a fixed one, to drop mortgage insurance, or to take cash out of their equity.

A refinance has closing costs just like a purchase, so the real question is never only “is the rate lower?” It’s “will the savings outweigh the cost before I sell or refinance again?”

When It Tends to Make Sense

• The new payment saves enough to cover closing costs within the time you plan to stay.
• You want to lock into a fixed-rate mortgage before an adjustable rate resets.
• Your equity has grown enough to remove mortgage insurance.
• You want to pay the house off sooner with a shorter term.

Other options to compare

• Need cash for a project or debt payoff? Look at a cash-out refinance or a HELOC home loan.
• Have a VA loan? The VA Interest Rate Reduction Refinance Loan can be simpler.
• Self-employed? A self-employed mortgage may document income differently than your original loan did.

Figuring Your Break-Even

Divide your total refinance costs by your monthly savings. The answer is the number of months it takes to earn back what you spent. If that is longer than you expect to keep the loan, the refinance probably isn’t worth it. We also look at total interest, because resetting to a new 30-year term can lower the payment while adding years of interest.

What We’ll Need

• Your current mortgage statement and homeowners insurance declarations page.
• Recent pay stubs and W-2s, or tax returns if you are self-employed.
• Two months of bank statements.
• Any HOA information and a copy of your current deed if available.

How It Goes

1. Review. We compare your current loan with what’s available today.
2. Decide. If the math works, we lock a rate that fits your timeline.
3. Appraise and underwrite. Some refinances qualify for an appraisal waiver; others need a full appraisal.
4. Close. You sign, and for a primary residence there is a three-day right of rescission before funding.

Refinance Questions

Refinance options for Austin and Central Texas homeowners

CapFi Lending is an Austin mortgage broker that compares refinance options across more than 50 wholesale lenders for homeowners in Austin and Central Texas — including Travis, Williamson, and Hays counties and nearby cities — and can help elsewhere in Texas when a program fits. CapFi was founded in 2017; Dustin Edwards has been in the loan business since 2004. Before you apply, we can run a preliminary comparison of your current loan against available quotes so you can see the tradeoffs. Final numbers still depend on confirmed income, credit, appraisal, and loan details.

Who CapFi helps refinance in Austin and Central Texas

• Primary-residence owners in Austin, Round Rock, Cedar Park, Georgetown, Leander, Pflugerville, Kyle, Buda, and nearby Central Texas markets who want a rate-and-term refinance or to drop mortgage insurance after equity growth.
• Homeowners weighing a cash-out refinance under Texas homestead limits — start with our overview of Texas cash-out refinance rules as you weigh the costs and requirements.
• Veterans with an existing VA loan who may qualify for a VA Interest Rate Reduction Refinance Loan (IRRRL); that guide covers seasoning, net tangible benefit, and funding-fee details.
• Self-employed and other non-W2 borrowers who need a mortgage broker in Austin to shop multiple refinance programs.
• Homeowners elsewhere in Texas who want to compare refinance programs for their property and goals.

When a refinance is worth running the numbers

Break-even math (closing costs divided by monthly savings) is a useful check when your goal is a lower payment — see Figuring Your Break-Even earlier on this page. It is not the only test. If you are pulling equity, shortening the term, switching off an adjustable rate, or removing mortgage insurance, the right question may be total cost, cash needs, or rate stability rather than months to recover.

A lower monthly payment is not the same as a lower total cost. Resetting to a new longer term can cut the payment while adding years of interest; a shorter term can raise the payment while reducing interest over the life of the loan. We compare your current rate and APR with real quotes side by side and explain when waiting may make more sense than refinancing.

Rate-and-term, cash-out, and VA IRRRL paths

1. Rate-and-term — change the rate, the term, or both without taking cash out. Usual path for payment, interest, or term goals.
2. Cash-out — borrow against equity; Texas homestead rules apply. Use the cash-out program page and Texas rules guide linked above.
3. VA IRRRL / streamline — for existing VA borrowers who may reduce rate or payment with lighter documentation than a full refinance; confirm eligibility on the IRRRL guide.
4. Watching before you lock — if you are close but not ready, follow our refinance rate watch for context while you decide.

If you want a preliminary look at your loan, Request Info and we will walk through the comparison with you.