Does Texas require lenders to add 1/4 to the contract interest rate for a cash out refi?

Cash out refinance IS a slightly HIGHER interest rate, because it is well documented that cash-out refinances fail at a higher rate. 1/8th to 1/4% is very common depending on credit score. This applies across the board in all states. For cash out refinance in Minnesota, Wisconsin, or South Dakota, visit me at www.MortgagesUnlimited.biz

That's not a Texas thing.. it's a loan thing.. Cash out loan are more riskier for the lender, so they price their loan's accordingly.. While some lenders will charge more than others, all lenders will charge you more for cash out vs. rate and term. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893