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refi conventional or home equity

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tina batton Guest	Posted: Tue Nov 23, 2010 7:01 pm    Post subject: refi conventional or home equity Like 0 Dislike 0 Currently in process of combining rate to term loan with a renewal and extension of liens against property (not home equity) loan. At closing today, lender insists on Texas Home Equity Mrtg. Title company and Tx law states that our refi does not have to be Home equity mtg. What is the disadvantage of Texas Equity vs rate to term conventional? We are not taking cash out and still have appx. 30% equity after closing. Pl. advise.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Nov 23, 2010 9:21 pm    Post subject: Like 0 Dislike 0 Hi tina, A query similar to yours has been answered in the given page: http://www.mortgagefit.com/refinance/renewal-lien.html Take a look at it. Hope it helps you. Thanks

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