Texas home equity loans are loans for the difference between what your house is worth (market value) and how much principal is left of your current mortgage. Texas home equity loans are a great way for homeowners who wish to refinance and take only a portion of the home equity, and do not need a complete new mortgage.
For example, if your house is appraised at $100,000 and your outstanding mortgage balance is $50,000, you have $50,000 in home equity that you can take a loan out against.
Texas home equity loans are limited to 80% LTV (loan to value) to borrow money on the equity you have built in your home. This means you would be able to borrow 80% of the $100,000 or $80,000. You could take as much as $30,000 (less closing costs) equity out of your home. The difference between amount borrowed and the amount of current mortgage balance is the maximum amount of allowed on Texas home equity loans.
Knowing the Texas market, Texas Mortgage Center has maintained outstanding relationships with many Texas home equity lenders and banks. Our specialty is Texas home equity loans. Let Texas Mortgage Center be your Texas home equity lender.
Apply online for quick preapproval. It only takes only a few minutes. A loan consultant will get back with you shortly with answers regarding your Texas home equity loan.
Loan Pre-Qualification Is Important
Most sellers are requiring a pre-qualification when making offers and writing contracts. Texas Mortgage Center offers custom solutions, including pre-qualifications, for every residential Texas home loan situation.
Whether you need a new Texas home loan or a Texas home equity loan, we will tailor a loan that’s right for you. Contact our lending experts and talk with a loan consultant. We know Texas lenders and can guide you in selecting a Texas mortgage loan that is right for your home loan or mortgage refinancing needs.
These are some of the lowest mortgage rates in forty years, and they won’t last forever. If you don’t Apply Now, you could miss the Texas mortgage loan or mortgage refinancing chance of a lifetime.
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A Texas mortgage broker is waiting to take your call, and can help you with instant preapproval. Contact our lending experts for information!
Contact Texas Mortgage Center Today!
Whether you need a Texas home mortgage loan, rental property loan, VA loan, home equity loan or commercial loan, Texas Mortgage Center is here to help you. Contact Texas Mortgage Center with any financial or loan questions you have. We look forward to helping you with your loan needs.
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