RE: Texas A6 Cash Out

jhong · Joined: 22 Aug 2007 Posts: 1 1.31 Dollars($)

I understand that a borrower must have 12 month seasoning to refinance a previous Home Equity loan. Does the 12 month seasoning go off the date of recording or the date that the loan documents have been signed? Would you let me know where I can find this information?

Niicss · Joined: 03 Oct 2005 Posts: 662 94.17 Dollars($)

Twelve months are counted from the time the loan comes into existence. It means that when the loan documents are signed the 12 month period will be counted from that time on.

If you would like to get more information about Texas A6 law, then kindly go through this following page: http://www.mortgagefit.com/texas/a6loan-law.html

Guest 0.10 Dollars($)

=>Does the 12 month seasoning go off the date of recording or the date that the loan documents have been signed?

Yes it will be counted from the date docs are signed.

larry · Joined: 27 Jun 2007 Posts: 2598 349.39 Dollars($)

Hi Jhong,

To refinance a home equity loan, there must be a gap of 12 months. This seasoning of 12 months is generally counted from the time when the documents related to the loan are signed.

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