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Texas A6 Refi-Cashout

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AubreyTX Guest 0.10 Dollars($)	Posted: Thu Sep 11, 2008 4:54 pm    Post subject: Texas A6 Refi-Cashout Is it typical for a lender to charge a higher interest rate on Texas A6 refi-cashouts? If so, is this something that is negotiable? Thanks. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 1476 Location: ALASKA 141.82 Dollars($)	Posted: Thu Sep 11, 2008 11:10 pm    Post subject: Welcome Aubrey, I suppose the rates on Texas cashout refinance are negotiable just like any other mortgage. Did you ask the lender as to why you were offered a higher rate? I mean if there's a negative factor in your credit record or maybe your debt to income ratio is slightly higher. _________________ Procrastination is the enemy of your financial sucess
bbmatthews@att.net Guest 0.10 Dollars($)	Posted: Sat Oct 25, 2008 7:25 pm    Post subject: Texas cash out I own my home with out any mortgage. I want to take out a mortgage for about 35% of my homes value. Do I have to do a cash out and do you have to own your home for 6 months before you can do one? Why are cash out rates higher? I have a FICO of 803 and little debt which will be cleared once I get my loan.
bassaddkt Guest 0.10 Dollars($)	Posted: Sun Oct 26, 2008 10:40 am    Post subject: Cash Out Yes, you will have to do a cash out. Cash Out rates are higher because the risk is higher. Typically most lenders have a 6 month seasoning requirement before you can do a cash out because they want you to have a certain amount of personal equity - if you inherited or received property in a divorce, this is usually waived.

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