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NMN Staff
FEB 6, 2013 3:58pm ET

Grapevine: Texas Cash-Out Refi Question

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The Texas state constitution has a homestead provision in it. In the past that provision has impacted the ability for certain types of equity loans to be made in the state, such as reverse mortgages.

A Mortgage Grapevine poster is asking a question about if state law considers rolling first- and second-lien loans into a new loan to be a cash-out refinance.

To see how fellow posters responded, visit http://bit.ly/X50ZxQ.

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