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Refinancing in Texas

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Realtor Guest	Posted: Wed Nov 09, 2011 5:29 am    Post subject: Refinancing in Texas Like 0 Dislike 0 Is there a max LTV when you refinance a home in Texas. I always heard that it was 80%. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Nov 09, 2011 6:44 pm    Post subject: Like 0 Dislike 0 Hi Guest, Yes, what you have heard is true. You should have at least 20% equity in your property in order to refinance your mortgage. Most of the lender will want you to have this equity in your property irrespective of the state you live in. Thanks
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 516 Location: Australia 82.74 Dollars($)	Posted: Wed Nov 09, 2011 6:45 pm    Post subject: Like 0 Dislike 0 hi realtor, It is important to note that you may be subject to the same costs you paid to get your original mortgage, including settlement costs, discount points and other fees. A prepayment penalty may apply for paying off the original mortgage early. The amount you save will vary depending upon factors such as interest rates, refinancing costs and tax consequences. Borrowers may have the option to refinance from an adjustable rate mortgage with a high interest rate subject to increases to a lower fixed-rate mortgage. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker

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