The Info on Texas Refinance Limit - The Bills.com Blog

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The Info on Texas Refinance Limit

Question: I know it's true that in the state of Texas you can only refinance up to 80% of your equity value. Is the same true for home equity loans in Texas? If so, are there any exceptions?

Answer: To my knowledge, the 80% refinance limit in Texas also applies to home equity loans.

Quickly, Bills.com makes it easy to compare mortgage offers and different loan types - you neverknow! Please visit the loan page and find a loan that meets your needs at:
https://www.bills.com/mortage/refinance/

Based on research I have conducted, there is no exception to the Texas Refinance limit,

as the limit is imposed by state law. This limit was imposed to prevent consumers from overextending the equity in their homes and to protect them from predatory lending practices. The Texas Office of the Consumer Credit Commissioner

offers a very informative guide to home equity loans in Texas.

If you are interested in obtaining a home equity loan, I encourage you to visit the Bills.com Home Equity Resources page.

I hope this information helps you Find. Learn. Save.

Also, make sure to get a free financial health check-up with Bills IQ!

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Bill has answered all sorts of questions and has been able to provide those in need of financial guidance with helpful and valuable advice and information on their specific financial area of interest. If you need specific guidance on any of the above mentioned financial areas, feel free to Ask Bill your financial questions and get better informed. Also, make sure to get a free financial health check-up with Bills IQ!

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