Texas law allows residents to create home equity lines of credit (HELOC) on the value of their homes for a variety of purposes. However, there are several rules that must be followed under penalty of law. These rules, which are clearly stated in Texas law, establish limits on HELOCs; con...
In Texas, you cannot have both a HELOC and a cash-out refinance on the same property at the same time due to the state’s specific home equity laws. Texas limits the amount of equity you can access from your home under a cash-out refinance to 80% of the home’s value, and it has...
U.S. News selects the Best Loan Companies by evaluating affordability, borrower eligibility criteria and customer service. Those with the highest overall scores are considered the best lenders. To calculate each score, we use data about the lender and its loan offerings, giving greater weight to...