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Info on Cash out on second home in Texas

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LLJMAR Joined: 07 Feb 2009 Posts: 1 1.00 Dollars($)	Posted: Sat Feb 07, 2009 8:22 pm    Post subject: Info on Cash out on second home in Texas Like 0 Dislike 0 I want to do a cash out refi on my second home in Texas that has an ARM that is due to change in 2 months. I have been told by my "new" broker that cash outs on second homes are not allowed in Texas. I have searched the A6 laws to validate but am confused.
Guest	Posted: Fri Feb 13, 2009 1:21 am    Post subject: Like 0 Dislike 0 As far as I know, a Texas cash out refinance is not allowed if you have two mortgages in the same property. You can speak to the other lenders of your area and check if they can give you a cash out refinance.

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