Texas Home Equity Loan
Low Rates - Fast Closing - Friendly Service
Liberty Mortgage for the best equity home loans
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. These types of loans are useful to finance expenses such as home repairs, medical bills, college education , clear credit card debt or whatever your need may be. A Texas Homeowner is allowed to takeout up to 80% of the value of their primary residence. Texas Law also limits closing costs such as title fees, lender fees and broker fees to not exceed 3% of the appraised value. These fees can be "rolled in" at closing. Usually, the only fees paid upfront by a homeowner is the appraisal and credit fee.
