Another use of refinancing is to reduce the risk associated with an existing loan. Many lenders offering bad refinancing deals talk about the benefit of the tax deductibility of mortgage interest. With this type of refinancing you can typically borrow up to percent of your homes appraised value. We do have the ability to do some home loans and mortgage refinancing from states other than texas. Most refinancing lenders offer a variety of combinations of points and interest rates. Some refinancing costs may be tax deductible in the year you refinance.
