Does a cash-out refinance increase my loan balance?

Yes. The new loan balance includes your existing mortgage payoff plus the cash you receive, subject to Texas rules and lender limits.

Is a cash-out refinance allowed in Texas?

Yes, but Texas has specific home equity rules that must be followed. Not all properties or scenarios qualify.

Can I use cash-out funds for any purpose?

In many cases, cash-out funds can be used for personal purposes, subject to lender terms and Texas requirements.

Is a Texas cash-out refinance assumable?

No. Texas cash-out refinances are generally not assumable.

How long does a cash-out refinance take?

Timelines vary, but cash-out refinances may take longer than rate-and-term refinances due to additional Texas requirements.

Do I need an appraisal?

Many cash-out refinances require an appraisal, depending on the loan type, property, and lender guidelines (program dependent).

What documents will I need?

It depends on the program. Many cash-out refinances require income and asset documentation. We provide a simple checklist after a quick review.

What is the maximum LTV for a Texas A6 cash-out?

Texas A6 cash-out loans are generally limited to a maximum of 80% combined loan-to-value (CLTV) based on the home’s value.

Can I do a Texas cash-out on an investment property?

No. Texas A6 cash-out loans are primarily for owner-occupied primary residences.

What is the 12-day waiting period in Texas?

Texas requires a waiting period after application before closing, commonly referenced as a 12-day cooling-off period.

Do I have a right to cancel after closing?

Many Texas home equity transactions include a 3-day right to cancel (rescission). Eligibility depends on the exact transaction, and we confirm this during review.

Are Texas A6 loans assumable?

Typically no. Most Texas A6 cash-out loans are not assumable, but we can confirm based on the final loan type and guidelines.

What is a Texas A6 cash-out loan?

A Texas A6 cash-out loan allows homeowners to access equity from their primary residence while following consumer protections required by Texas law.

What is the maximum LTV for a Texas A6 loan?

Texas A6 loans are limited to a maximum of 80 percent loan-to-value.

Are Texas A6 loans assumable?

No. Texas A6 cash-out loans are not assumable.

Can a Texas A6 loan be used on an investment property?

No. Texas A6 loans are only permitted on owner-occupied primary residences.

What is a Texas A6 cash-out loan?

A Texas A6 cash-out loan allows homeowners to access equity from their primary residence while following strict consumer protections set by the Texas Constitution.

What is the maximum loan-to-value for a Texas A6 loan?

Texas A6 loans are limited to a maximum of 80 percent loan-to-value based on the home’s appraised value.

Are Texas A6 loans assumable?

No. Texas A6 cash-out loans are not assumable.

Can a Texas A6 loan be used on an investment property?

No. Texas A6 loans are only permitted on owner-occupied primary residences.

Is there a waiting period for Texas cash-out loans?

Yes. Texas requires a 12-day waiting period after application and a 3-day right of rescission after closing.

What is a Texas A6 home equity cash-out loan?

A Texas A6 loan is a Texas home equity cash-out loan governed by Section 50(a)(6). It includes consumer protections like an 80% combined loan-to-value limit and required waiting periods.

What is the maximum CLTV for a Texas A6 loan?

Texas home equity loans generally cap the combined loan-to-value (CLTV) at 80%, including all liens on the homestead.

Are Texas A6 loans assumable?

No. Texas A6 (50(a)(6)) home equity cash-out loans are generally not assumable and are typically paid off when the property is sold.

Is there a waiting period for Texas home equity loans?

Yes. Texas requires a waiting period before closing and a right to cancel after closing (rescission). Exact timing is shown in your required disclosures.

Can I have more than one Texas A6 loan at a time?

No. A Texas homestead may only have one active Section 50(a)(6) home equity loan at a time.

What is a Texas A6 home equity loan?

A Texas A6 loan is a home equity cash-out loan governed by Texas Constitution Section 50(a)(6). It allows homeowners to access equity with strict consumer protections, including an 80% loan-to-value cap and mandatory waiting periods.

What is the maximum LTV for a Texas home equity loan?

Texas A6 loans are capped at 80% combined loan-to-value, including all liens secured by the home.

Are Texas A6 loans assumable?

No. Texas A6 home equity loans are not assumable and must be paid off when the property is sold.

Is there a waiting period for Texas home equity loans?

Yes. Texas law requires a minimum 12-day waiting period after application before closing, plus a 3-day right of rescission after closing.

Can I have more than one Texas A6 loan at a time?

No. Only one loan secured under Section 50(a)(6) may be in place on a homestead at any given time.

Cash Out Refinance in Lewisville, TX

Liberty Home Mortgage helps homeowners in Lewisville (75056) and Denton County explore cash-out refinance options (program dependent). A cash-out refinance replaces your current mortgage with a new loan and may allow you to receive cash from available home equity at closing. In Texas, cash-out refinance transactions may follow specific state rules (program dependent), so it is important to review the details carefully before moving forward.

Proudly serving Lewisville (75056), Denton County, and homeowners across Texas.

✅ Apply Now • 📞 Phone & Text: 713-955-4685 • ✉️ info@libertyhomemortgage.com

What a Cash Out Refinance Is

A cash-out refinance is a mortgage where the new loan amount may be higher than your current balance, and the difference may be paid to you as cash at closing (program dependent). Homeowners commonly use cash-out funds for home improvements, debt consolidation, large purchases, or other financial goals. Underwriting reviews credit, income, equity, and overall ability to repay.

Program guidelines vary by lender. All loans are subject to underwriting approval.

Common Reasons Homeowners Consider Cash Out

Exact terms vary by lender and scenario. Common reasons may include home updates, consolidating higher-interest debt, or creating a financial cushion (program dependent).

Here are related loan programs you can compare (eligibility and program rules apply):

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Compare these related home equity and refinance pages:

Cash Out Refinance

Cash Out Refinance in Lewisville, TX

What a Cash Out Refinance Is

Common Reasons Homeowners Consider Cash Out

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