Texas Cash Out Refinances Georgetown Mortgage

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Texas Cash-Out Refinance Services

The Texas Cash Out Refinance loan is a great way to obtain the extra funds you need to make your life a little more comfortable with necessary must-haves. It’s also a make-sense option for homeowners who want to save money by paying off their high interest rate debts, such as credit cards, with funds directly from their Texas Cash Out Refinance.

Your Texas Cash Out Refinance loan, or 50(a)(6) loan, will convert your primary home’s equity into cash by borrowing money secured from a lien on your home.

Home equity is the difference between the fair market value of your home and the total of all your debts against it, your lien. For example, if you own a $100,000 home and still owe $40,000, you have $60,000 in equity to tap.

In Texas, there are special rules about cashing out your primary home’s equity. You are restricted to borrowing no more than 80% of your home’s value. Homeowners with 20% home equity, or less, are not eligible for home equity loans.

If you have equity in your home and believe you meet the qualifications required to secure a Texas Cash Out Refinance, come share your story with Georgetown Mortgage. We’ll help you close your Texas Cash Out Refinance with better rates and lower fees—and put your cash in your wallet much faster.

When A Texas Cash Out Refinance Makes Sense to You

If you’re living in a small house and learn your family is about to expand, a Texas Cash Out Refis provides you the financial resources needed to expand your house and meet the living-space needs of your growing family. A Texas Cash Out Refinance also means you can avoid deeper expenses from high-rate credit card accounts.

Interest rates on Texas Cash Out Refinance mortgages are higher than “on rate” and “term refinance” mortgages, yet often times lower than rates available on credit card accounts, auto loans, and other forms of consumer debt.

Paying off credit cards and other consumer debt with the funds from your Texas Cash Out Refinance means you are likely able to write off the interest on your taxes. Your Texas tax adviser will have all the details and can be your best source for advice. In essence, a Texas Cash Out Refinance likely works in your favor.


Let's get started

Within a few minutes you will get personalized recommendation on your monthly payment and how much home you can afford.

|
OR
|

Talk to our experts

Fill out this short form and one of our Home Loan experts will contact you right away!
.
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