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How much could I borrow with a cash out refinance with the the Texas a6 law?

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cptgoemans Joined: 02 Apr 2009 Posts: 1 1.28 Dollars($)	Posted: Thu Apr 02, 2009 2:47 pm    Post subject: How much could I borrow with a cash out refinance with the t Like 0 Dislike 0 We are wanting to refinance our home to reduce our debt. We would like to use equity to pay off all of our debt. We currently owe 193,000 and we recently had a home appraisal done for 256,000.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Apr 02, 2009 8:14 pm    Post subject: Like 0 Dislike 0 Hi cptgoemans! Welcome to forums! Cash out loans can be taken for various reasons which may include home improvement, debt consolidation or just extra cash on hand. You should note that Texas cash out loans follow strict guidelines. As far as I know, homestead owner-occupied properties can have an LTV no higher than 80% in order to get cash out refinance. Apart from this, the homeowner must have a 12-day waiting period before closing. Feel free to ask if you have further queries. Sussane

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