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Post Posted: Wed Aug 11, 2010 8:49 am    Post subject: refinance
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Does someone need 20% equity in their home, in Texas, before they can refinance?
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Post Posted: Wed Aug 11, 2010 11:47 am    Post subject:
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No, if the property is owner occupied you can refinance up to 97.75% of home's appraised value with a new FHA loan.

What do you owe on the property? What do you think it's worth?

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Nic Netherton
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Cornerstone Mortgage Co
Fort Collins, CO 80525
Nic Netherton Loans
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Post Posted: Wed Aug 11, 2010 1:48 pm    Post subject:
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Your maxed out at 80% on cash out refinances but, rate/term refinances; nic is correct that through FHA you can go up to 97.75%
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Theo (Ted) Faulhaber
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tfaulhaber (at) vanguardfunding.net
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