Can you please explain the Texas law on refinancing home equity loans?

Can you please explain the Texas law on refinancing home equity loans?
by

1 Answer

Answer :

The laws are federal. You can find more info at http://www.occc.state.tx.us/pages/brochures/home_equity_lending.html
by

Related questions

Can I get a home equity loan from a Texas bank if I live in another state?

Description : Can I get a home equity loan from a Texas bank if I live in another state?

Last Answer : You should be able to get a home equity loan if you live in another state. The most important factor is your credit rating.

What is the average interest rate on a Home Equity Loan in Texas?

Description : What is the average interest rate on a Home Equity Loan in Texas?

Last Answer : The average interest rate on a Home Equity Loan in Texas is about 8 to 10%. You can read more at www.window.state.tx.us/specialrpt/homeeqty03/ There are several different types of loans and circumastances,so a tru average is not possible. You can find rates as low as 5% and as high as 19%

B) Scheme for Sustainable Structuring of Stressed Assets Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets‘ (S4A), RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

Description : B) Scheme for Sustainable Structuring of Stressed Assets Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets (S4A), RBI allowed banks to take equity in debt ... loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

Last Answer : Which bank has launched India‟s first certified green bond at London Stock Exchange (LSE)? A) State Bank of India B) Bank of Baroda C) ICICI Bank D) Axis Bank E) None of these

Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ? 1. Asian Development Bank 2. IMF 3. International Development Association 4. International Finance Corporation 5. None of these

Description : Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ? 1. Asian ... . IMF 3. International Development Association 4. International Finance Corporation 5. None of these

Last Answer : International Finance Corporation

Which of the following has the highest cost of capital? A. Loans B. Equity shares C. Bonds D. Preference shares

Description : Which of the following has the highest cost of capital? A. Loans B. Equity shares C. Bonds D. Preference shares

Last Answer : B. Equity shares

Which of the following sources is not use for medium term financing? A. Issue of equity shares. B. Issue of debentures. C. Term loans from banks. D. Sale of current asset.

Description : Which of the following sources is not use for medium term financing? A. Issue of equity shares. B. Issue of debentures. C. Term loans from banks. D. Sale of current asset.

Last Answer : A. Issue of equity shares.

i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Description : i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Last Answer : It is refinancing not a home loan. For more information on refinancing go to web site www.ditech.com

Where can I learn about home refinancing rates?

Description : Where can I learn about home refinancing rates?

Last Answer : One of the best places to learn and find out about home refinancing rates in your area is Erate. They publish the current mortgage rates including those for refinancing.

Refinancing an auto loan - in-house?

Description : Refinancing an auto loan - in-house?

Last Answer : answer:Yes, of course, ask them. If they say yes, you com out ahead, and if they say no you don’t lose anything. We refinanced all three of our cars with a credit union and got a very low rate on them. Credit Unions are almost always lower interest than banks.

Can someone co sign with you on refinancing a mortgage?

Description : Can someone co sign with you on refinancing a mortgage?

Last Answer : Yes. Odds are good they will have to provide all the same documentation you are going to have to provide and they are of course going to be on the hook for the exact same amount as you. Their credit will be impacted, good or bad, by the way the mortgage is handled.

Have you researched mortgage refinancing? Can I take advantage of your work?

Description : Have you researched mortgage refinancing? Can I take advantage of your work?

Last Answer : I haven’t refinanced in awhile, but I think credit unions tend to be fairer than banks. I’ve been with the Wescom credit union since 1979, and I’m very happy with them.

Question about refinancing...

Description : Question about refinancing...

Last Answer : he has no incentive to report you but she may not be able to do the re-fi. You used to have to give all this info years ago, then everything got loose. It’s now tightening back up.

What are the advantages and disadvantages of refinancing?

Description : What are the advantages and disadvantages of refinancing?

Last Answer : I can't answer all of your questions for sure, but I will post as noone else has .. Focus on how much out of pocket you will ultimtately pay. How much have you spent thus far in fees and payments. How ... 't see why it would hurt your credit .and you can get the loan from the same bank or another .

Is there a minimum amount of time between mortgage refinancing?

Description : Is there a minimum amount of time between mortgage refinancing?

Last Answer : you should be able to refinance at anytime. Banks don't mind because they collect the fees. Unless your financing has it in your agreement, you should be fine. Ask them about no points/no closing ... don't offer that, you can always shop other companies will wave those fees to get your business.

Would refinancing my auto loan be a good idea if I can not afford the payments/?

Description : Would refinancing my auto loan be a good idea if I can not afford the payments/?

Last Answer : Refi of an auto loan can help to lower montly payments. You can get a lower rate if you refi with a lower interest rate.

Which companies offers the best rates when it comes to refinancing mortgages at a great low fixed rate?

Description : Which companies offers the best rates when it comes to refinancing mortgages at a great low fixed rate?

Last Answer : ING Direct Mortgages offers the best rates when it comes to refinancing mortagages at a great low fixed rate. You can find Great rate 3.875% Rate 3.580% APR with no points, no application fees at www.ingdirect.com

Where can I find online tips for refinancing?

Description : Where can I find online tips for refinancing?

Last Answer : Check with your mortgage company, as each mortgage company will have different obligations that you need to fulfill before you can refinance your mortgage. For example, you might not be allowed to be " ... you might have had to make your payments on time for at least 6 months before refinancing.

How to Achieve Free Mortgage Refinancing?

Description : How to Achieve Free Mortgage Refinancing?

Last Answer : One thing that many people should consider is refinancing their mortgage. One of the great benefits of such a refinancing can be the ability to covert some of a homeï ½s equity into money can be ... Small costs stretched out over such a long period will result in a minimal increase in each payment.

The main function of NABARD is— (A) Farmers' loaning (B) Agricultural research (C) Refinancing to agricultural financing institutions (D) Development of agriculture

Description : The main function of NABARD is— (A) Farmers' loaning (B) Agricultural research (C) Refinancing to agricultural financing institutions (D) Development of agriculture

Last Answer : (C) Refinancing to agricultural financing institutions

The main function of NABARD is a) Farmers' loaning b) Agricultural research c) Refinancing to agricultural financing institutions d) Development of agriculture

Description : The main function of NABARD is a) Farmers' loaning b) Agricultural research c) Refinancing to agricultural financing institutions d) Development of agriculture

Last Answer : c) Refinancing to agricultural financing institutions 

I have heard of hard money lending companies, but I'm not familiar with the bridge loans they handle, can you explain this please?

Description : I have heard of hard money lending companies, but I'm not familiar with the bridge loans they handle, can you explain this please?

Last Answer : A bridge loan is a short term that is usually used by home buyers that can't afford the immediate up front exepenses with building a house. These loans are generally paid off by closing of the house.

On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5

Description : On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5

Last Answer : Answer: Rs. 5

Pirating software is an act of violatinga. Equity b. Ethics c. Law d. None of the these

Description : Pirating software is an act of violating a. Equity b. Ethics c. Law d. None of the these

Last Answer : b. Ethics

By Texas foreclosure law how long can a family stay in their home during the process?

Description : By Texas foreclosure law how long can a family stay in their home during the process?

Last Answer : The amount of time you can stay in your home vary from lender to lender. Your forclosure can be complete in as little as 90 days or take over 1 year to complete. You can stay in the ... to leave the property after the home hits the auction block. You will probably be served with eviction papers.

How does a home equity loan work?

Description : How does a home equity loan work?

Last Answer : answer:Is a secured loan where you borrow against the equity in your house. This is calculated by taking the appraised market value of your home minus what you owe on the house. Say you paid $200k for your house ... at $225k. $225 - $150 = $75k in equity that you can borrow in a HEL Good Luck ! R

Can interest on Home Equity loan be deducted from federal taxes

Description : Can interest on Home Equity loan be deducted from federal taxes

Last Answer : The interest on most home equity loans is tax deductible. There are limitations to interest deductions for home equity loans depending on what the loan is used for. For more information about home equity loan tax deductions, see IRS Publication 936, Home Mortgage Interest Deduction .

Auto Loan vs. Home Equity Loan?

Description : Auto Loan vs. Home Equity Loan?

Last Answer : Auto Loan vs. Home Equity LoanHome equity loans often have lower interest rates than autoloans and the interest may be tax deductible. Two good reasons totake a look at home equity loans to finance your automobilepurchase.

How is the credit line priced for a home equity line?

Description : How is the credit line priced for a home equity line?

Last Answer : The most informative online resource for information on a credit line for a home equity line is from United States government. http://www.federalreserve.gov/pubs/equity/equity_english.htm

Home Equity Lines of Credit?

Description : Home Equity Lines of Credit?

Last Answer : In addition to home equity loans, it is now possible to obtain home equity lines of credit that allow you to borrow only the amount you need at any given time, even though you have access to an ... of your home. It is even possible to apply for a home equity line of credit from online lenders.

A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : B. Reverse Mortgage Explanation: A reverse mortgage or home equity conversion mortgage (HECM) is a special type of home loan for older home owners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and home owner‘s insurance.

Is law school worth $150k in student loans, 3 years' lost wages, and concomitant stress?

Description : Is law school worth $150k in student loans, 3 years' lost wages, and concomitant stress?

Last Answer : Law school does not have to cost that much. My “sister-in-law” just graduated from law school. Considering how much she’s currently earning at her entry-level position, I’d say yes.

Explain the concept Of ‘equity’ and ‘sustainability’ as the pillars of human development. -Geography

Description : Explain the concept Of ‘equity’ and ‘sustainability’ as the pillars of human development. -Geography

Last Answer : Equity: Equity refers to making equal access to opportunities available to every body. It must be equal irrespective of their gender, race, income and in the Indian case, caste. ... generations. Each generation must ensure the availability of choices and opportunities to its future generations.

Jellies in and around Texas: are you ok? Please check in.

Description : Jellies in and around Texas: are you ok? Please check in.

Last Answer : All good here. Thanks….

are there any cosmetic dentists who do pro-bono work for someone who is on a fixed income(400.00) a month and has very bad teeth-that is severly affecting her health in the far west-side of houston,texas if there is a dentist like that please call?

Description : are there any cosmetic dentists who do pro-bono work for someone who is on a fixed income(400.00) a month and has very bad teeth-that is severly affecting her health in the far west-side of houston,texas if there is a dentist like that please call?

Last Answer : Try contacting Cosmetic Dentist of Houston. Their phone number is 713-526-2904.

loans were partially responsible for the home mortgage crisis during the 2000s. -General Knowledge

Description : loans were partially responsible for the home mortgage crisis during the 2000s. -General Knowledge

Last Answer : Subrime loans were partially responsible for the home mortgage crisis during the 2000s.

What are different types of home loans available?

Description : What are different types of home loans available?

Last Answer : Some types of home loans are FHA loans, VA loans, 30 year loans,15 year loans, and reverse mortgage loans. Of course, these are notthe only types of loans available. You might check with your localreal estate agency for more information on what is available.

Are home construction loans available for DIY purposes?

Description : Are home construction loans available for DIY purposes?

Last Answer : Yes, home construction loans are available for DIY purposes. YOu can apply for them at www.diychatroom.com/f2/how-do-construction-loans-work-477/

I have 1.70 acres in Spencer indiana with a mobile home on it. I am needing to get a well for the property and was wondering if I could take a loan out on the property. I own the mobile home and property and no outstanding loans on any of it.?

Description : I have 1.70 acres in Spencer indiana with a mobile home on it. I am needing to get a well for the property and was wondering if I could take a loan out on the property. I own the mobile home and property and no outstanding loans on any of it.?

Last Answer : Yes you can mortgage the property but the home likely wont add much if any value to it.

I need to know if the VA does Mobile home loans, and where do I go.?

Description : I need to know if the VA does Mobile home loans, and where do I go.?

Last Answer : You can find out more information on VA loans for manufactured (mobile) homes at this website: http://www.valoans.com/geninfo-04a.cfm

need someone that will do mfg home fha loans in sc.?

Description : need someone that will do mfg home fha loans in sc.?

Last Answer : Check out Palmetto South Mortgage Corp. 830 Gracern Rd Cola (803)791-9790..ask for Brian Foxworth.. Super nice guy and very informed..if anyone can help..it's them. Tell him Gene sent ya.. Proficio Mortgage Home Loans can do it, 4801 E. Independence Dr #1000, Charlotte, NC - (704) 877-9404

What banks offer the best home improvement loans?

Description : What banks offer the best home improvement loans?

Last Answer : You can go to your personal bank to apply for a home improvement loan. The most common home improvement loan would be a home equity line of credit which is secured against the equity in your home.

Who has the best first time home buyer loans?

Description : Who has the best first time home buyer loans?

Last Answer : Your best bet when shopping around for a home buyer loan or a mortgage is to use a mortage broker. They will do the shopping around for you and get you the best rate. There is no fee to you for using a mortgage broker.

What are the current interest rates for home loans?

Description : What are the current interest rates for home loans?

Last Answer : Interest rates fluctuate with every subsequent financial quarter, so it's best to keep an eye on them as close as possible throughout the year. As of 4th quarter 2011 the mortage rate for home loans sits at 8.6% on a national average.

What are the current interest rates for home loans for people who want one?

Description : What are the current interest rates for home loans for people who want one?

Last Answer : Interest rates for home loans can vary based on your credit, and how fast you plan to pay them off. The current interest rates are generally between 2% upwards to 4% and 5%.

If a woman in Texas can't get an abortion under the Govenors law, can she sue him for prenatal care if she isn't insured?

Description : If a woman in Texas can't get an abortion under the Govenors law, can she sue him for prenatal care if she isn't insured?

Last Answer : Ha! Why not? In terms of simple human fairness it's what Abbot and the rest of his Fetus Police deserve. But the reality is that any governor or legislature can escape the kind of ... soveriegn immunity doctrine. It's a long held precedent that all courts recogize and are reluctant to overturn.

How horrible is the Texas abortion law?

Description : How horrible is the Texas abortion law?

Last Answer : Really horrible. I think the Supreme Court will vote it unconstitutional if the case gets there. I heard the statement the lawyer made who is suing the doctor. He said something like he has ... are in line on reasonable abortion laws and that politicians purposely don't want to solve the issue.

What's the best way to respond to the new Texas abortion law? If women believe they have the right to control their own bodies, free from government interference, what choices do they have?

Description : What's the best way to respond to the new Texas abortion law? If women believe they have the right to control their own bodies, free from government interference, what choices do they have?

Last Answer : I AM NOT A DOCTOR, NURSE, OR QUALIFIED HEALTH CARE PROFESSIONAL. I AM SHARING THE INFORMATION PROVIDED HERE FOR DISCUSSION AND SELF EDUCATION ONLY. I DO NOT ADVOCATE THAT ANY ... END THEIR PREGNANCY. ANY DECISION REGARDING PREGNANCIES SHOULD BE MADE AFTER CONSULTATION WITH A MEDICAL PROFESSIONAL.

Is the new Texas abortion law six weeks from conception?

Description : Is the new Texas abortion law six weeks from conception?

Last Answer : I haven’t read this article but it has specifics: https://www.nytimes.com/2021/09/01/health/texas-abortion-law-facts.html

Texas State Auto Insurance Law Question (see details).

Description : Texas State Auto Insurance Law Question (see details).

Last Answer : no, you are not covered Yes, you will be liable the only way to move it legally is to tow or haul.

How does modern western law enforcement reflect its historical heritage particularly in states like California Texas and Arizona?

Description : How does modern western law enforcement reflect its historical heritage particularly in states like California Texas and Arizona?

Last Answer : Feel Free to Answer