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Can I refinance for a longer term before 12 months?

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tomwalker8 Joined: 31 Dec 2008 Posts: 1 1.35 Dollars($)	Posted: Wed Dec 31, 2008 4:46 pm    Post subject: Can I refinance for a longer term before 12 months? Like 0 Dislike 0 I phoned my lender and was told that Texas does not allow refinance or any action affecting a mortgage (I assume a payoff would be excepted in any case) until at least one year has passed since the mortgage was executed. So far, I've not been able to find any such restriction in the Texas code, but thought I could be missing something.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Dec 31, 2008 8:49 pm    Post subject: Like 0 Dislike 0 Hi tomwalker! Welcome to forums! According to Texas A6 laws, you cannot refinance a mortgage before 12 months. After your current mortgage is one year old, you can look for a refinancing. To know more about Texas A6 laws, check out the following link: http://www.mortgagefit.com/texas/a6loan-law.html#23849 Feel free to ask if you have further queries. Sussane
tomwalker8@gmail.com Guest	Posted: Thu Jan 01, 2009 10:03 am    Post subject: Refinance Like 0 Dislike 0 Thanks Sussane. Hope you had an enjoyable New Year's. Tom
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Jan 01, 2009 9:55 pm    Post subject: Like 0 Dislike 0 You are welcome Tom!!! If you have further queries regarding mortgage and related issues, you can post them in this forum and the experts in this community will try to help you. Hope you too have a happy and a healthy New Year. Sussane
dlackey Joined: 05 Jan 2009 Posts: 9 3.77 Dollars($)	Posted: Mon Jan 05, 2009 8:56 am    Post subject: Texas Cash Out Refinance Like 0 Dislike 0 You can obtain a cash out refinance in Texas 6 months after purchasing a property. If you have previously obtained a Texas Cash Out refinance, you can not obtain another Texas Cash Out refinance until 12 months have passed. By Texas law, you can obtain a Texas Cash Out refinance once every 12 calendar months.

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