Cashout Refi's In Texas

Can anyone explain to me why cashout refinances are so difficult in Texas? Why especially very recently, and why especially without seasoning?

What a nightmare, I have now put my loan through 4-5 brokers and no one is able to refinance it for me.

It is appraised at 118k, the note is for 85k, and matures in March. We have been requesting a 90% LTV cashout.

I am getting a lot of feedback to the extent that cashout refi's are just really difficult in Texas, and I was wondering if anyone could offer explanation.

Thank You!

Comments(0)

Add Comment

Login To Comment