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Can we get a home equity or home improvement loan on our house

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Guest	Posted: Wed Apr 08, 2009 2:26 pm    Post subject: Can we get a home equity or home improvement loan on our hou We currently have a cash out refinance loan that was done about 8 years ago here in Texas. We were told that we cannot get a home equity loan because the cash out loan is considered an equity load. If we refinance it will still be an equity type loan. Can we then get a home improvement loan as a 2nd?
dlackey Joined: 05 Jan 2009 Posts: 9 3.77 Dollars($)	Posted: Wed Apr 08, 2009 9:15 pm    Post subject: Texas Home Equity You can not have more than one home equity loan on your property in Texas per state law. The cash out refinance 8 years ago is considered a home equity loan per state law. You can not get a 2nd since it is considered a home equity loan. Your only option is to refinance again with cash out.

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