TX A-6 Loans
Real estate agents and other professionals in the real estate field know that there is a large amount of paperwork involved in any mortgage closing. There are many legal procedures which need to be taken into consideration before the homeowner can proceed with their closing.
In Texas, the state loan regulatory law is a difficult one to comprehend for many lenders, title companies and homeowners not familiar with the unique regulations in Texas. A TX A6 loan is also known as Texas Home Equity, Texas cash-out, or a 50 (a)(6) loan.
Texas state law requires that mortgages that fall under this loan type must close inside of a title company or a law firm.