Rapid Refinance Loans
Yes! You can refinance your home with Texell with no closing costs!1 Our Rapid Refinance Loan is a product designed to simplify and reduce both the time and paperwork required for refinancing your home with limited to zero closing costs.Benefits of a Rapid Refinance Mortgage Loan:
- No closing costs:1 There are no closing costs for existing members and just a low $300 processing fee for new members.
- Flexible terms: Loan terms are available at 5, 10, and 20 years.
- Incredible rates: Rates as low as 6.99% APR.2
- No escrow required.
- Lower credit score requirement: 660 minimum.
- Loan-to-value: 80% maximum required.
Today’s Rapid Refinance Mortgage Rates
1 No closing costs for existing members and a $300 processing fee for new members.² APR = Annual Percentage Rate2 2Existing mortgages, including those serviced through MidWest Mortgage, are not eligible for refinancing.
Frequently Asked Questions:
Are there really no closing costs for this loan?
In most cases, yes! Members can refinance their mortgage from another lender with zero closing costs. There is a low $300 processing fee for new members.
How long does the Rapid Refinance process take?
In most cases, you can complete your Rapid Refinance loan in 30 days or less. Contact a Home Loan expert for more information.
Are appraisals required for Rapid Refinance Mortgage Loans?
No, Rapid Refinance loans do not require an appraisal. Texell’s Mortgage Department will value your home based on the County Appraisal District.
Will my Rapid Refinance loan be sold?
No, Texell does not sell any Rapid Refinance Loans. Your loan will remain at Texell for the entire term of the loan.
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