Hi John,
I am not sure if you can do a cash out refinance on your second home in Texas. I think you can do that only on your primary residence. You have to check that out.
I am not sure if you can do a cash out refinance on your second home in Texas. I think you can do that only on your primary residence. You have to check that out.
Yes.......You can do a cash out refi on a second home in TX.......
Yes, max 80% of the home value.
Hi John,
I agree with Cedric that you can do cash out refinance even on second home in Texas to pull out the equity that you have gained so far. Rates are low now. So it is a good idea to pull out the equity now. Shop a bit for lenders. You can get lender's list from all over the United States at - http://www.mortgagefit.com/unitedstates/
Feel free to ask if you have any further questions.
Best of luck,
Larry
I agree with Cedric that you can do cash out refinance even on second home in Texas to pull out the equity that you have gained so far. Rates are low now. So it is a good idea to pull out the equity now. Shop a bit for lenders. You can get lender's list from all over the United States at - http://www.mortgagefit.com/unitedstates/
Feel free to ask if you have any further questions.
Best of luck,
Larry
Lisa,
Second homes in TX are NOT covered under the A6 laws in TX......so there isn't a 80% requirement......that only applies when there is a homested exemption.......
Second homes in TX are NOT covered under the A6 laws in TX......so there isn't a 80% requirement......that only applies when there is a homested exemption.......