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The number of Texans who were late with their home loan payments has dropped to the lowest level in more than two years. During the first quarter, 7.91 percent of Texas homeowners with mortgages were.
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The vote approved the passing of Senate Joint Resolution 60, which amends Section 50, Article XVI of the Texas Constitution, which applies to the origination or refinance of a home equity loan made on.
A bridge loan is best suited to the customer who finds their dream home but has not sold their current home. We work with the customer to help make that dream home a reality! We can do 100% financing for the new home by using the equity in their current home until the house sells. These loans are structured for 12 months with interest monthly.
To qualify, homes must meet the following requirements: The home must be the Veteran or Military Member’s primary residence in Texas. The home must be a single family attached or detached home, townhome or condominium. Duplexes or other multi-family units must have been constructed at least five years prior to the closing date of the loan.
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