i want to refinace to get a better rate and need cash back.

lending guidelines vary from loan product to loan product and with a Texas property, the rules are very specific in your state if you looking to get cash back.. In Texas, refinance transactions where borrowers wish to receive cash are limited to 80 percent loan-to-value (LTV). You have to wait at least 12 months before refinancing from your last purchase / refinance, and you cannot have more than one mortgage and one junior position. Because the rules in Texas are so specific, you really should reach out to a local mortgage broker, and not an internet or 50 states lender.. .. 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. 480-287-5714 WilliamAcres.com

Most Cashout scenarios will limit your LTV to 85%, you'll likely be looking at a slightly higher rate when getting Cashout as well. There can be minimum credit scores as well depending on the lender. I'm sure one of the local Texas Brokers or Bankers on this forum will be able to help and give you more state specific answers & guidelines. Good luck!

You can get cash back when refinancing if you have built enough equity in your home. In most cases, you will not be able to take out more than 85 percent LTV. You will also have to meet credit score and income requirements. Find a lender based out of Texas to go over your options with you.

Most cash out loans are limited to 85% of the appraisal value.

Cash Outs in Tx are limited to 80% of the appraised value of the property. Please feel free to contact me and I can run some numbers for you. Alix Kee w/ AMK Financial 713-874-1508. We lend throughout the state of Texas.

Hello, the rules depend on what type of loan you are looking at (FHA, Conventional, VA) and what the lender has available. You really need to talk with a local, licensed mortgage broker who has multiple options to review with you.

I'm in Houston, TX; no FHA cash out; if conventional loan - cash out maximum is 80%. IF you have done a prior cash out transaction, you have to wait a year to do another mortgage transaction on the property; if you are just refinancing an existing purchase money or rate/term mortgage, that condition does not apply. Questions - visit mortgageoffice dot com or call 281-236-5743

Bill's Assessment is best.

Yes that's the idea behind a refinance - so what is the question exactly?

William is Correct!

Texas has some of the most restrictive cash-out refinance rules in the nation. Contact a local Texas mortgage broker./ Give them a full application, and let they zero in on your exact situation. www.Streamline-Refinance-MN.com