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Moving to Lowell
Texas Home Equity Loans
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, Summit Lending
has maintained outstanding relationships
with many Texas home equity lenders and
banks. Our specialty is Texas home
equity loans. Let Summit Lending be your
Texas home equity lender.
Apply online for quick pre-approval. It
only takes only a few minutes. A loan
consultant will get back with you
shortly with answers regarding your
Texas home equity loan.
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