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Texas law does not permit more than one home equity loan to be issued for the same house at the same time. If you have an equity loan with an outstanding balance, you must pay off the entire amount or refinance it into a new home equity loan. This applies no matter how much equity your house possesses. One year, one loan.
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With the sole worry of many home loan lenders being how they are going to recover their money, your credit score becomes your selling point. That is why many homebuyers’ dreams of purchasing homes in.
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. Real Estate Center at Texas A&M University and the North Texas Real estate information systems. Falling home mortgage.
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