Refinance Your Mortgage in Florida and Texas
Lower your rate, reduce your payment, or tap into your home equity. TrueVet Mortgage offers VA, conventional, and FHA refinance options. Scott Carlin, NMLS# 2613509. Call 321-364-4461.
Why Refinance Your Mortgage?
Refinancing replaces your current mortgage with a new one, typically to get better terms. Homeowners in Florida and Texas refinance for several reasons:
Lower your interest rate. If rates have dropped since you originally purchased your home, refinancing can reduce your monthly payment and save you thousands over the life of the loan.
Reduce your monthly payment. Extending your loan term or securing a lower rate can free up cash in your monthly budget.
Switch from an adjustable rate to a fixed rate. If you have an adjustable rate mortgage (ARM) and want the stability of a fixed monthly payment, refinancing locks in your rate.
Shorten your loan term. Switching from a 30-year to a 15-year mortgage builds equity faster and reduces the total interest you pay — often with a surprisingly small increase in your monthly payment.
Access your home equity. A cash-out refinance lets you borrow against the equity you have built in your home and use the funds for home improvements, debt consolidation, education expenses, or other financial goals.
Eliminate mortgage insurance. If you originally purchased with an FHA loan and now have 20% equity or more, refinancing into a conventional loan can remove your monthly mortgage insurance payment entirely.
Scott Carlin is a 20-year Air Force veteran, mortgage loan originator (NMLS# 2613509), and founder of TrueVet Mortgage. Whether you have a VA loan, conventional loan, or FHA loan, Scott can help you determine if refinancing makes sense for your situation. Call 321-364-4461.
How It Works
Refinancing your mortgage with TrueVet Mortgage is simple and hassle-free. Follow these easy steps to secure better loan terms and maximize your savings.
Explore Your Options
Our experts will review your current mortgage and discuss refinancing solutions that align with your financial goals.
Get Pre-Approved
We’ll assess your eligibility and provide a fast pre-approval, giving you a clear understanding of your new loan terms.
Submit Your Application
Complete a simple online application and provide necessary documents to move forward with the refinancing process.
Lock in Your Rate
Once approved, we’ll secure the best available interest rate for your loan and finalize the details.
Close & Start Saving
After signing the final paperwork, your new mortgage terms take effect—helping you save money, lower your payments, or access cash from your home’s equity.
VA Loan Refinance Options
Veterans and active-duty service members with an existing VA loan have access to two powerful refinance programs:
VA Interest Rate Reduction Refinance Loan (IRRRL). Also known as the VA Streamline Refinance, the IRRRL is designed to lower your interest rate with minimal paperwork. Benefits include no appraisal required in most cases, no income verification in most cases, no out-of-pocket costs (closing costs can be rolled into the loan), and a faster closing timeline. The IRRRL is only available if you already have a VA loan and want to refinance into a new VA loan at a lower rate.
VA Cash-Out Refinance. This option lets you refinance up to 100% of your home’s appraised value and take the difference in cash. You can use a VA cash-out refinance to access your equity for any purpose, or to refinance a non-VA loan (conventional or FHA) into a VA loan. This is a popular option for veterans who originally purchased with a conventional or FHA loan and want to take advantage of VA loan benefits like no monthly mortgage insurance.
Both VA refinance options are available to eligible veterans and service members in Florida and Texas. Scott Carlin can help you determine which option saves you the most money. Visit our VA Loan page for more details on VA loan benefits.
Conventional and FHA Refinance Options
TrueVet Mortgage also offers refinance options for homeowners with conventional or FHA loans:
Conventional Rate-and-Term Refinance. Replace your current mortgage with a new conventional loan at a lower rate or different term. This is the most common type of refinance and works well for homeowners with good credit and at least 20% equity.
Conventional Cash-Out Refinance. Borrow against your home equity for renovations, debt consolidation, or other expenses. Most lenders allow you to borrow up to 80% of your home’s appraised value.
FHA Streamline Refinance. If you currently have an FHA loan, the FHA Streamline program lets you refinance with reduced documentation, no appraisal in most cases, and lower closing costs. The goal is to reduce your monthly payment or switch from an adjustable rate to a fixed rate.
FHA Cash-Out Refinance. Borrow up to 80% of your home’s value and take the difference in cash. This option is available to homeowners with an existing FHA loan.
Not sure which refinance program fits your situation? Scott can compare your options side by side and show you the numbers. Call 321-364-4461 or visit our Schedule a Call page.
How to Know If Refinancing Is Right for You
Refinancing is not always the right move. Here are some questions to help you decide:
Will you save money? The general rule is that refinancing makes sense if you can lower your rate by at least 0.5% to 0.75%. Scott can run the numbers for your specific loan to show exactly how much you would save per month and over the life of the loan.
How long will you stay in the home? Refinancing has closing costs, typically 1% to 3% of the loan amount. If you plan to sell within a year or two, the savings may not outweigh the costs. Scott can calculate your break-even point — the number of months it takes for your monthly savings to cover the closing costs.
Do you have enough equity? For conventional refinances, most lenders require at least 20% equity to avoid mortgage insurance. VA refinances have more flexible equity requirements, and VA IRRRLs often require no appraisal at all.
Has your credit improved since your original purchase? If your credit score has gone up significantly, you may qualify for a much better rate than what you currently have — making a refinance well worth it.
Scott Carlin takes a straightforward approach to refinancing. If the numbers work in your favor, he will tell you. If they do not, he will tell you that too. Call 321-364-4461 for a free refinance analysis.
Frequently Asked Questions About Mortgage Refinancing
How much does it cost to refinance a mortgage?
Refinance closing costs typically range from 1% to 3% of the loan amount. Some programs, like the VA IRRRL, allow you to roll closing costs into the new loan so you pay nothing out of pocket.
How long does a refinance take to close?
Most refinances close in 21 to 30 days. VA Streamline refinances (IRRRLs) can sometimes close faster due to reduced documentation requirements.
Can I refinance from an FHA loan to a VA loan?
Yes. If you are a veteran or active-duty service member currently in an FHA loan, you can use a VA cash-out refinance to switch to a VA loan. This eliminates your FHA monthly mortgage insurance and may lower your rate.
Can I refinance from a conventional loan to a VA loan?
Yes. A VA cash-out refinance can replace any existing mortgage — conventional, FHA, or even a second VA loan — with a new VA loan. This is a popular option for veterans who want to take advantage of no monthly mortgage insurance.
What is the difference between a rate-and-term refinance and a cash-out refinance?
A rate-and-term refinance changes your interest rate, loan term, or both without taking any cash out. A cash-out refinance lets you borrow more than your current balance and receive the difference in cash. Cash-out refinances typically have slightly higher rates.
Do I need an appraisal to refinance?
It depends on the program. VA IRRRLs and FHA Streamline refinances usually do not require an appraisal. Conventional refinances and cash-out refinances generally do require one.
Can I refinance if I owe more than my home is worth?
This is called being “underwater” and limits your options. However, the VA IRRRL program does not have a loan-to-value requirement in most cases, so you may still be able to refinance a VA loan even if your home value has dropped. Call Scott at 321-364-4461 to discuss your situation.
Looking to refinance your existing VA loan? Learn how the VA IRRRL streamline refinance can lower your rate with no appraisal in our VA IRRRL guide.
If you are 62 or older, a reverse mortgage may be another option to eliminate your monthly mortgage payment entirely. Learn more about reverse mortgages.
Ready to See If Refinancing Makes Sense? Call Scott Carlin at 321-364-4461 or visit our Schedule a Call page for a free refinance analysis. Scott will run the numbers and give you a straight answer — no pressure, no sales pitch.
Refinance
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Whether you want to save money, reduce your loan term, or access home equity, we’re here to help.
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