answersLogoWhite

0


Best Answer

Yes. Once a home equity loan, always a home equity loan; but there are certain programs that give breaks in rate to previous home equity acquisitioners.

User Avatar

Wiki User

โˆ™ 2015-07-15 19:49:47
This answer is:
User Avatar
Study guides

What is rhetorical device

Who was the father of rationalism

What is a cash advance

What is discretionary spending within a budget

โžก๏ธ
See all cards
2.83
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
12 Reviews

Add your answer:

Earn +20 pts
Q: In Texas if you refinance your home once as a home equity loan are you forced to have all future refinances be home equity loans also?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is customer equity and How can a company increase its customer equity?

Value of potential future revenue generated by a company's customers in a lifetime. A company with high customer equity will be valued at a higher price than a company with a low customer equity.


How do you do a balance sheet. The only asset is an investment of 100000?

You need more information than that to create a balance sheet. There are three primary components of a Balance Sheet: Assets, Liabilities, and Stockholder's Equity. Assets are probable future economic benefits to the company. Liabilities are obligations by the company that will require the sacrifice of future benefits. Stockholder's Equity is the ownership interest in the company. Your total assets will always equal the sum of your Liabilities and Stockholder's Equity.


Should kids be forced to go to school?

yes, they are the future leaders of our worls, but in some places they dont have to.


Is there a way to predict future changes in refinance rates?

Watching the market and keeping an eye on trends over the last 25-36 months can definitely help predict changes in refinance rate. You can also ask the bank or institution you are with if they plan on implementing changes. They are required by law to give you significant notice now.


Will a lender refinance a mortgage on a home that is listed for sale?

I do not know of a lender that will allow you to refinance a home that is actively listed for sale. There are several lenders that will allow a rate and term ( "No Cash Out" ) refinance the day after a home is removed from the MLS. There are a couple of lenders I work with that will allow a Cash-Out refinance the day after the home is removed from the MLS. Other important considerations that need addressed are * Is the home a primary residence / second home? * Is the property an investment property? * What is your intention for the property in the future? I frequently refinance homes that have just been taken off the active market. Please feel free to contact me if you have specific questions and I will be happy to assist you. Just Click on "TheMortgageExpert" link above. Jeff


Should forced marriages be illegal?

All humans should have the right to determine their own fate/future. As a forced marriage takes away the right of self determination, it should not be allowed.


What are the features of a Lifetime mortgage?

A lifetime mortgage allows property owners with equity in their homes to borrow a certain percent of that property's value as a lump sum followed up by the option of flexible cash withdrawals, which in effect releases their equity at the time of the loan and in the future as well.


Stockholders equity consists of?

The balance sheet quantity of a company's common stock equity. This quantity equals total assets less liabilities, preferred stock, and intangible assets such as goodwill. Stockholder's equity consists of contributed capital and retained earnings. The quantity of stockholder's equity indicates how much the company would have left over in assets if it were to go out of business immediately. As most companies are expected to grow and generate more profits in the future, they end up being worth far more in the marketplace than the value of their stockholders' equity. This is why stockholder's equity is more important to value investors than growth investors. Stockholder's equity is often called the book value of a company


When an employee is given the option to buy the company's equity is there any contract signed?

There is usually a document that list the terms, risks, and any limits to the future selling of the equity. Also, a company can be required to certify that the employee is a qualified investor and understands, or has consulted with someone who understand the offering.


Why is it beneficial to save money for the future?

It is beneficial to save money for the future in order to avoid being forced to borrow money to pay for an unforeseen incident. By saving money in the future, you can save money by not having to pay interest on money borrowed.


In Back to the future 3 when Marty is forced to dance in the bar what is he singing?

He's moon-walking to Michael Jackson's "Beat It!"


Are mortgage payoff calculators accurate?

Mortgage payoff calculators are accurate, however they are only accurate if your morgagte doesn't change in the future. For example, if you change your rate and refinance, a prior calculation might not be accurate.

People also asked