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 joyandtheboys
Joined: 10 Oct 2009
Posts: 1
1.28 Dollars($)
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 Posted: Sat Oct 10, 2009 8:07 am Post subject: rifinancing a Texas cash-out loan |
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| Can you find me lender that can refinance my Texas Cash-out loan? There are specific cash-out laws in Texas. My mortgage has 75,000 left on it. My home is worth 140,000. My credit rating is excellent. |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1737
36.13 Dollars($)
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| Posted: Sat Oct 10, 2009 10:04 am Post subject: |
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| We have soem mortgage officers on this forum, probably they can help you in this process |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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| Posted: Sun Oct 11, 2009 10:42 pm Post subject: |
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Hi joyandtheboys,
It is true that there are specific laws in Texas related to cash out refinance. To know about the Texas A6 laws, you can check out the following page:
http://www.mortgagefit.com/texas/a6loan-law.html
I appreciate that your credit rating is good. In order to get a conventional loan, you would require a credit score of 720-740. You can speak to your current lender for a refinance. Or else, you can even seek a no obligation free mortgage consultation from the lenders of this community and check out if you can get a cash out refinance.
Thanks |
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