Hey Jim, You are limited to 80 percent loan to value. The value will be based upon the appraisal. The real key is loan amount and your credit score. Call me, and I can help you with your decision. Matt Spinn 512-663-5515
Here's a link to Texas's Office of Consumer Credit Commissioner with Q&A for Texas loans. It should be the information you're looking for.. http://www.occc.state.tx.us/pages/brochures/home_equity_lending.html. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Hi Jim. Basically a Texas Cash out is limited to 80% of the Value of the property in question. There have been some changes to how Texas A6 Cashouts are handled since The Texas Supreme Court Rulings last summer and the Federal Qualified Mortgage Rules imposed in January of this year. I'd be happy to discuss your situation and even provide you with an analysis to see if a cash out is in the best interest of you and your family. Feel Free to give me a call at (936) 228-1944
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