Posted on: 23rd Jul, 2008 07:29 am
Can someone please explain what and why cash out refi's are called A6 loans - If I understand this correctly you can do a Cash-Out refi in Texas as long as it is a primary residence and 80% of appraised value.
there are many unique requirements for texas cash out refinance loans, some of which make very little sense to people. if you need further help please post your detailed questions.
I am just trying to refi a home loan for a lower interest rate and now the rate is raised because of A6 rules and fees. I don't want any money extra just refi the home what is the explaination of cash out loan? We just want to move the loan from one bank to another because of a better rate.
Hi Cheryl,
As you don't want a cash out, you can go for a normal refinance. You should contact the local lenders and apply for a normal refinance. You should contact your lender and have a word with them in this regard.
Thanks
As you don't want a cash out, you can go for a normal refinance. You should contact the local lenders and apply for a normal refinance. You should contact your lender and have a word with them in this regard.
Thanks
Hi Kenneth,
The daughter needs to sign a quitclaim deed and transfer the property. Then the sole owner of the property will be able to refinance the mortgage.
Thanks
The daughter needs to sign a quitclaim deed and transfer the property. Then the sole owner of the property will be able to refinance the mortgage.
Thanks