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Showing 2 mortgage refinance companies in Bonham, TX
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Guild Mortgage - Sabrina Wegley
513 N Main St Suite A, Bonham, TX 75418
9039573150
Excel Mortgage Brokers: Bob Reynolds, NMLS #1973410
221 W 6th St, Bonham, TX 75418
2144765686
What Does a Mortgage Refinance Company in Bonham Cost?
Typical costs for a mortgage refinance in Texas include an appraisal fee of 400 to 700 dollars origination fees of 0.5% to 1% of the loan amount and title insurance which can cost 1,500 to 3,000 dollars. Closing costs generally range from 2% to 5% of the loan principal. These expenses vary by lender loan type and property value. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is the Texas homestead law for refinancing in Bonham?
Texas law protects homesteads under Article XVI Section 50. For a cash-out refinance you cannot borrow more than 80% of the home value. The lender must also give you a specific notice of your right to rescind within three business days.
How long does a mortgage refinance take in Bonham Texas?
A typical refinance in Texas takes 30 to 45 days from application to closing. This timeline includes an appraisal title search and compliance with Texas-specific disclosures. Delays can occur if the property has title issues or if you choose a cash-out refinance which has extra waiting periods.
What documents do I need for a refinance in Bonham?
You will need recent pay stubs tax returns from the last two years bank statements and a valid ID. Texas lenders also require a homestead affidavit if you claim the property as your primary residence. Self-employed borrowers may need additional profit and loss statements.