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TEXAS A6 law?!?!?!?

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murph246 Guest	Posted: Tue Feb 17, 2009 7:57 am    Post subject: TEXAS A6 law?!?!?!? Like 0 Dislike 0 So the last time i refinanced my home was 2002 which i took a little bit of cash out to put on another room to my home. Now i have a bank saying they cant do my loan because i took cash out before? im not looking to take cash out again, i have a 760 credit score, 10 debt ratio, and am using only 40% ltv with closing costs. Can anyone tell me if they are wrong? i though the a6 was put in place to not refinance all the time. like 1 year you can refi? need help asap. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Wed Feb 18, 2009 3:17 am    Post subject: Like 0 Dislike 0 Hi murph, I don't think your lender is wrong. As far as I know, you can refinance a cash out loan with another cash out. Moreover you can refinance a Texas A6 loan only after a year. To know more about Texas A6, check out the following link: http://www.mortgagefit.com/texas/a6loan-law.html#23849 Thanks. _________________ Good is the Enemy of Great.

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