If at refinance of a home mortgage the fees were rolled into the refinance loan, is that considered a A6 loan. Same as a CASH OUT

A 50a6 in Texas is when you do a cashout on your Primary Residence. It doesn't apply if it is your 2nd home or a Non-Owner Occupied Investment/Rental Property. All of your mortgage fees and closing costs, and Property Taxes, and Insurance are legitimate costs that can be added. You can NOT go home with a penny like you can in other states, where it's 1% or less than $2,000, whichever is less. Texas also just changed the State Law, that used to say "Once a cashout, always a cash out." Now if you did a 50a6 say 5-10 years ago, you can now refinance and NOT be penalized for your new loan being a 50a6, so long as you are NOT going home with a penny this time too. Questions, call our office at 512-514-1074. Thanks....Jeff in Austin.