home equity loans in texas

Guest 0.10 Dollars($)

I bought a home before I was married. Now I want to take out a home equit loan. Does my spouse have to be on the deed or sign the papers for personal property owned by me?
What is the difference in a HELOC and a Home equity loan.
Which one does not require my title to be changed?
Thanks
Tina

Guest 0.10 Dollars($)

Hello Tina.

If you are taking the loan on your name only then you need not to add you husband on the deed. But you can talk about it with a loan officer.

brian1 · Posted: Fri Jun 20, 2008 9:56 pm Post subject:

A HELOC is a line of credit much like a credit card on your equity. You only make payments on the portion you have used.

Home Equity Loan is a loan where you get all of the money at once.

TX has unique laws when it comes to getting cash out.

Good Luck
Brian

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