---

A6 Law

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
albert Guest	Posted: Thu Feb 05, 2009 12:17 am    Post subject: A6 Law Like 0 Dislike 0 With the mortgage crisis at hand and properties losing value , I wanted to take advantage of a lower interest rate, but due to the A6 law and the 80% LTV Law, I cannot refi to a lower interest rate. My house appraisal came back lower which means that I would need to go to 90% LTV, but since my house is in Texas I cannot refi unless I bring plenty of cash to the table. Does anyone know if Texas is going to relax or modify the 80% LTV rule and make it higher like all the other states have it. Texas is the only state with the A6 and 80% LTV law. So, people like me cannot take advantage of lower interest rates. Thanks _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Thu Feb 05, 2009 1:44 am    Post subject: Like 0 Dislike 0 Hi albert, I'm afraid there hasn't been changes to the Texas A6 refinance law. So, in your situation, you won't be able to refinance and avail lower rates. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0