Many people refinance to change the tenure. For example, if you purchased a home on a 30 years note and now you are ten years into the loan, and if you want to change the tenure to 15 years note, refinancing would be a smart move for you.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>In this case, you may not only save on five years of monthly payments but also may get a lower interest rate, as the interest rate on 15 years mortgage is more economical in comparison to 30 years.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>Again refinancing in Texas is subject to market conditions on interest rates and your credit history.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t