Posted on: 12th Sep, 2011 09:16 am
understand once an a6 always an a6.
my heloc is paid off. my house is valued at about 155k, and have a balance left of 115k. i want to refinance my primary lien/note for 15 years. are there restrictions which won't allow me to do so?
my heloc is paid off. my house is valued at about 155k, and have a balance left of 115k. i want to refinance my primary lien/note for 15 years. are there restrictions which won't allow me to do so?
Dont understand your question. What is A6? Please explain so someone can help answer your request.
Hi msjo!
Welcome to forums!
I guess you're talking about Texas A6 loans. However, if you have a normal loan, then you won't face any problems in refinancing it. To know more about Texas A6 laws, check out the given page: http://www.mortgagefit.com/texas/a6loan-law.html .
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I guess you're talking about Texas A6 loans. However, if you have a normal loan, then you won't face any problems in refinancing it. To know more about Texas A6 laws, check out the given page: http://www.mortgagefit.com/texas/a6loan-law.html .
Feel free to ask if you've further queries.
Sussane
Yes, I'm sorry... it is an A6 Texas loan. I took out a HELOC, but the balance is zero. The 1st lien (normal) is a 30 year loan with a remaining balance of 115k. I'm wanting to refinance the 30 year loan balance for 15 years, but wasn't sure if I'd have to close the line of credit (HELOC) or ??
Thanks for the quick response
Thanks for the quick response
I am not sure about Texas, but I believe that you would need the heloc to subordinate, once the 1st loan is paid off, the heloc would take 1st position. The party helping you with your loan should be able to help you get this taken care of properly. Good Luck!