About Author

ABOUT AUTHOR

Bill Rapp


Bill Rapp is a seasoned commercial real estate broker and finance expert with over a decade of experience helping clients navigate complex property transactions and capital solutions. Based in Houston, Texas, Bill specializes in investment sales, acquisitions, and commercial financing strategies tailored to meet the needs of investors, developers, and business owners. He brings a
unique blend of market insight, negotiation skills, and financial acumen to every deal, consistently delivering value and growth opportunities for his clients. With a deep knowledge of the Houston and Greater Texas markets, Bill
is committed to building long-term relationships and helping clients make smart, strategic decisions in today’s ever-evolving real estate landscape. When
he’s not closing deals or analyzing the next big opportunity, Bill enjoys time with family, outdoor adventures, and giving back to the local community through mentorship and service.If you’d like, I can help write or edit these based on
the book content we’ve built so far.

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💸 Refinance Smart: When You’ll Save Big—and When You Might Not 📊

📉 Should You Refinance Your Mortgage in 2025? When It Makes (and Doesn’t Make) Sense 💡

Bill Rapp, Commercial Mortgage Broker
June 02, 2025•2 min read

📉 Should You Refinance Your Mortgage in 2025? When It Makes (and Doesn’t Make) Sense 💡

💸 Refinance Smart: When You’ll Save Big—and When You Might Not 📊

📉 When Refinancing Saves You Money—and When It Doesn’t

Refinancing can feel like a golden ticket—lower monthly payments, better terms, and even cash in hand. But just like any financial move, it comes with pros and cons. So when is refinancing actually a smart money move—and when should you hold off?

Let’s break it down.

✅ When Refinancing Does Save You Money

1. Lower Interest Rates

If current mortgage rates are at least 1% lower than your original rate, refinancing could save you thousands over the life of your loan. This is especially true for homeowners who locked in during higher-rate periods.

2. Shortening Your Loan Term

Switching from a 30-year to a 15-year mortgage can increase your monthly payment—but save tens of thousands in interest. This is a power move for equity-building and early payoff.

3. Removing PMI

If your home's value has risen and you've reached 20% equity, refinancing might eliminate your private mortgage insurance (PMI), cutting monthly costs by $100–$300.

4. Tapping Home Equity

A cash-out refinance can fund home improvements, pay down debt, or invest in other ventures. Just ensure the return on that cash justifies the added debt.

❌ When Refinancing Might Not Be Worth It

1. High Closing Costs

Refinancing typically costs 2–5% of the loan amount. If you’re not staying in your home long enough to recoup that through savings, it may not be worth it.

2. Longer Break-Even Timeline

Calculate your break-even point: divide the closing costs by monthly savings. If it takes more than 3–5 years to break even—and you might move before that—hold off.

3. Worsening Loan Terms

Refinancing can sometimes extend your loan term and increase total interest paid, even if monthly payments go down. Always do the math.

🔍 Final Tip: Run the Numbers With a Pro

A mortgage refinance calculator can help, but nothing beats a one-on-one with a knowledgeable mortgage broker who understands your goals and can lay out real options.

If you’re in the Houston, Katy, or Fulshear area, let’s review your current mortgage and see if refinancing is truly in your best interest.

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Š 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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