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Why is that. In the state of Texas once you have completed a cash-out or home equity loan on your homestead or primary residence the maximum loan-to-value (LTV) allowed thereafter is 80.
This restrictive ruling is actually part of cash advance fund Texas Constitution (see section 50 (a) (6) article XVI). County records identify the fact that the home had previously had home equity lien filed against it.
This will be the case until the home is sold or conveyed to a different party removing this restriction. Until then, the maximum allowable loan-to-value is 80. So cash advance fund you are in the process of refinancing your current loan please remind your HomeStart Loan officer if you had previously performed a cash-out or home-equity loan against your home.
What is the maximum loan to value on a cashout loan. In the state of Texas cash-out and home-equity loans for homestead properties are restricted by the Texas Constitution (see section 50 (a) (6) article XVI).
The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial cash advance fund. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. icashloans. com is not a lender and does not make loan or credit decisions. icashloans. com connects interested persons with a lender from its network of approved lenders.