Refinance Title Loans
Apply Now

    Refinance Title Loans

    Title Loans Texas is a reputed title loan lender when you are searching for the ideal refinance service. We work hard and go beyond the limits to help our esteemed clients in getting their requirements fulfilled. Whether the need is to get fast cash or want to refinance benefits, we got your back. Financial stability is hard to maintain particularly when stuck with urgent expenses. If you have a pending loan presently and cannot manage the payments, refinancing the loan with Title Loans Texas will help. We provide a broad range of Loan alternatives and refinance benefits without making things complicated for our clients.

    How to Refinance Title Loans?

    To refinance a title loan from Title Loans Texas, you may typically follow these steps:

    1. Research lenders: Shop around and compare different lenders to find one that offers better terms than your current loan.
    2. Gather required documents: You will typically need to provide proof of ownership of the car being used as collateral, such as the car title, as well as proof of income and identification.
    3. Submit an application: You can apply for a refinance title loan online, by phone, or in person at a lender’s branch. You will typically need to provide information about your current loan and the car that is being used as collateral.
    4. Wait for approval: The lender will review your application and the car’s value and will let you know if you have been approved for a refinance title loans.
    5. Review and accept the loan terms: If your loan is approved, the lender will provide you with the refinance loan terms, including the loan amount, interest rate, and repayment schedule. Review the terms carefully before accepting the loan.
    6. Pay off your current loan: Once the refinance loan is approved and the funds are disbursed, use the funds to pay off your current title loan.

    It’s important to keep in mind that refinancing a Title Loan may extend the term of the loan and may result in paying more in interest over time. It’s also advisable to read the fine print of the new loan and compare the terms of the new loan to the terms of the existing loan to ensure that refinancing makes sense for you.

    Is it possible to refinance the loan without the title?

    One must own the vehicle and should have a lien-free title to apply for refinancing the loan. If you cannot find the title, it is Ok. We can assist in finding it.

    If you have lost the title or are looking for a title replacement, you can visit the DMV to get a new title. You must fill out the title replacement form and pay the asked fees to get the document. Within a few days, you will get the title via mail or in person by visiting the DMV office.

    Who cannot apply for a Title Loan Refinance?

    There are situations where the client cannot apply for refinancing benefits. For becoming eligible to get title loan to refinance benefit, you must provide:

    • Lien-Free Title
    • Pass the flexible credit check
    • Own the vehicle
    • Having positive equity

    This is fundamental to know that vehicles having rebuilt titles won’t be eligible to get a title loan. The salvage title shows that the vehicle was damaged in the past and looks out to be a complete loss by the insurance firm. Most vehicles that have gone through extreme damage will get salvage titles.

    If the vehicle you own has salvage title, it won’t be utilized as collateral for securing the new title loan or refinancing the current loan. This is due to a salvage title that lowers the vehicle’s worth. It becomes tough to know exactly the amount of equity the vehicle has. Due to this reason, vehicles having salvage titles are not acceptable for a title loan to refinance.