Explore refinancing options for your mortgage
Maria Soto Mortgage helps homeowners in Austin and Central Texas compare refinance options against their current loan. A new loan may change your payment or term, but closing costs and total interest are part of the decision.
Compare rates and costs
We help you review available options against your current loan.
Compare costs before refinancing
Before refinancing, compare the proposed loan with the mortgage you already have. A lower monthly payment can come from a lower rate, a longer repayment term, or both. Extending the term may mean paying more interest over time. Review the Loan Estimate for the new rate, total monthly payment, closing costs, lender credits, and cash needed at closing. If costs are added to the loan balance or offset by a higher rate, they still affect what you pay. For a cash-out refinance, include the larger loan balance and remember that your home secures the debt. Ask how long you expect to keep the new loan and whether the payment, upfront costs, and total borrowing cost fit your goal.
Consider your goals
Discuss your payment, repayment period and plans for the home.
Prepare your documents
Ask what information the lender needs for your situation.
Understand the process
Know what happens next and which questions to ask.
Review your monthly payment
A new payment may be lower or higher; compare the loan term and total cost before deciding.
Consider a shorter term
A shorter repayment period may reduce total interest, though the monthly payment could rise.
Explore cash-out refinancing
Compare the full terms
Cash-out adds debt secured by your home; compare the costs and risks with other options.
Review the rate, payment, closing costs, and repayment period alongside your current mortgage.
Options to discuss
How we help you refinance
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1. Set your goal: Tell us about your current loan and what you want to change.
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2. Compare scenarios: Review payment, term, cash-out amount, and estimated costs.
3. Apply if ready: Provide the requested financial and property information securely.
4. Review the Loan Estimate: Check the rate, payment, closing costs, and cash to close.
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5. Lender review: The lender may request more documents or an appraisal before deciding.
6. Close if approved: Read the final terms and costs before signing the replacement loan.
Discuss your next step
What would you like to change?
Tell us your goal and ask about the payment, term and costs. You can schedule a call before starting an application.
Services
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My contact
info@mariasotomortgage.com
NMLS# 2100509
(737) 252-8491