need a cash out refinance to repair house
need a cash out refinance to repair house
I live in California and have an investment property in Texas, owned for 20 years, I need to make repairs and needed a cash out to pay for it, but have been turned down because of Texas Homestead Law. Anyway to get around that rule? I dont want to sell it but I might have to because I dont have the money to repair it. I paid off the home in early 2000's and got a cash out to complete the remodeling at that time. Is their anyway to get to get a cash-out refinance done?
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Hi Fabian
TX has some unique laws - since you own the home out right getting a cash out loan is possible but TX law limits how much you can borrow
How much did you think the home is worth and what did you want to borrow?
Feel Free to email me
Brian Barnes
Brian@AimwithFocus.com
Nationwide Mortgage Lender