Can I refinance my mortgage more than 1 to pull money out.

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Icon Mini Profile nigelmiguel




Joined: 21 Apr 2009

Posts: 1

1.25 Dollars($)
PostPosted: Tue Apr 21, 2009 8:02 am    Post subject: Can I refinance my mortgage more than 1 to pull money out.

What are the laws on how many times you can refinance a mortgage in the state of Texas, is there a limit on how many times you can refi?
Icon Mini Profile savior70




Joined: 25 Mar 2009

Posts: 1422
Location: Florida
168.75 Dollars($)
PostPosted: Wed Apr 22, 2009 4:03 am    Post subject:

Hi

As far as I'm aware of, there is no such limit on how many times you can refinance in Texas. But if it's a Texas A6 loan, it cannot be refinanced within the first 12 months and if the total mortgage amount exceeds 80% of the home's value.
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