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Company Loan Type APR Est. Pmt.

3% Limit TX Cash Out

Can you tell me what charges are included in the 3% for Texas Cash out Refinances on the borrowers primary residence?

helping_user's picture
helping_user | Joined: March 31, 2006 03:39 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome lshaw.

The fees paid by the borrower for Texas cash-out refinance are limited to 3% of the loan amount. The 3% fees include origination and lender charges, third party fees such as credit report fee, appraisal fee, and title insurance premiums. Certain charges like lender paid fees, flood insurance premiums, home insurance premiums, property taxes etc are excluded from the 3% limit.


Like | Dislike | Share | Posted: Thu, 09/11/2008 - 01:18 | Post subject:

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