Posted on: 12th Nov, 2009 12:38 pm
I have been told there is a law in Texas that we cannot be charged more than $3,000 in closing costs. Is this true?
Hi,
As far as I'm aware of, in Texas, the closing costs on equity loans are capped at 3% of the principal amount borrowed. However, this does not include the points paid upfront to reduce the interest rate on the mortgage.
As far as I'm aware of, in Texas, the closing costs on equity loans are capped at 3% of the principal amount borrowed. However, this does not include the points paid upfront to reduce the interest rate on the mortgage.
Oh yeah, but you can bring a gun to the closing table in Texas
