Posted on: 02nd Oct, 2013 10:17 pm
I have been told that in Texas you can't get an Equity loan if you have income producing property. I have gas royalities of about 50 to 75 dollars every 2 to 3 months and that is stopping me from getting an equity loan. what is the rule on that.
Hi tiredoldman,
Well, you should immediately get in touch with a Texas based real estate attorney and he will help you in knowing the exact law in this regard.
Thanks
Well, you should immediately get in touch with a Texas based real estate attorney and he will help you in knowing the exact law in this regard.
Thanks
Yes, I agree with what Jameshogg has said. Since you're residing in Texas, it will be better on your part to talk to the attorney. He will be knowing about the laws of Texas and thus, he can provide you help in this matter.