Posted on: 21st Sep, 2009 03:33 pm
what 3 forms that a non-borrowing spouse must sign on texas cashout loan?
Are non-occupant co-borrowers allowed on a texas cashout loan?
How many acres are allowed on urban homestead properties on texas cashout loan?
Are non-occupant co-borrowers allowed on a texas cashout loan?
How many acres are allowed on urban homestead properties on texas cashout loan?
Hi,
If the non-borrowing spouse is on the title to the property, he/she needs to sign almost all the mortgage documents except the promissory note. I don't think a non-occupant can co-sign on a Texas cash-out loan. Whoever signs on Texas cash-out loan, has to use the property as a primary residence. As far as I know, a maximum of 10 acres are allowed on urban homestead properties on Texas cash-out loans. The limit for rural homestead properties is 100 acres if you're single.
If the non-borrowing spouse is on the title to the property, he/she needs to sign almost all the mortgage documents except the promissory note. I don't think a non-occupant can co-sign on a Texas cash-out loan. Whoever signs on Texas cash-out loan, has to use the property as a primary residence. As far as I know, a maximum of 10 acres are allowed on urban homestead properties on Texas cash-out loans. The limit for rural homestead properties is 100 acres if you're single.