Special aspects of home equity loans in Texas. The Texas legislature has passed laws that are designed to protect homeowners and their families, and the state did not even allow home equity loans until 1997. Since that time, state laws have been amended to allow for home equity loans, but the laws include strong protections for consumers.
Cash-out Refinance Rules. In Texas, refinance transactions where borrowers wish to receive cash are limited to 80 percent loan-to-value (LTV). This means a new loan amount cannot exceed 80 percent of the value of a home. A loan-to-value ratio is calculated by dividing the new loan amount by the value of the property.
· Termite infestations are very difficult to spot unless there is obvious damage. Fortunately, VA loan rules are designed to protect the buyer and the property the VA borrower wants to purchase.
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They’re just old rules. VA loans were originally to allow veterans coming out of. I’ve been teaching veterans since 2005 all across the state, and Washington, California, and Texas. I also teach.
Pursuant to the Texas Administrative Code, Rule 91.315, members are entitled to review or receive a copy of the following credit union documents, upon request:
A cash-out refinance is one of several ways to turn your home's equity into cash. Here's how.. March 19, 2018 in Refinancing. Add article to saved articles.
· If you are an appraiser in Texas, and you are appraising acreage, here is an issue you may not be aware of. In 2007, the state constitution was changed so that a homestead encumbered by an AG exemption for property taxes cannot have a lien "except if the land is used for milk production".
VA INTEREST RATE REDUCTION REFINANCE LOAN. No origination fee and we cover the appraisal, title and VA funding fee. See note 1. Call 800-231-9944 to refinance your VA home loan.