The Only Refi Loan To Get Cash Out Over 80% LTV On Your House…

Did you realize that in the State of Texas you can’t get cash out of your home above 80% of its appraised value?

In other words if your home was worth $100,000 – the most cash you could get out on a loan would be $80,000.

This 80% rule is a Texas law for homeowners in Texas.

…However, there is one loan that will allow you to get more than 80% of your cash out. It’s called an Owelty loan.

You can get an Owelty loan when you are getting a divorce, and one of the conditions of your divorce is that you have to pay your ex a portion of the equity in your home (even if it exceeds 80%).

I’ve done many Owelty loans. We treat them as a regular rate and term refinance (not cash out rates – which are higher).

So, if you are in this situation, or you know someone who is – and your loan officer has told you that you don’t have enough equity to cash out the ex-spouse, just tell them that you need an Owelty loan.

…or, better yet – just give me a call and I can help you!

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here.

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