Financing Options / Ideas

[Grant Lovelady]

Checking with the community to see if people are still Cash-out refi'ing. I am not scared of rates but they keep getting worse and my normal lender will only loan so small. I have a few properties I would like to refi but some do not make sense because of lender and what would be left with cash flow (almost nothing). 

I could borrow still with little to no cash flow but I have never thought that was a smart play. I plan to shop around more but wondering if anyone has had success with other avenues recently. Also considering a HELOC.

[Albert Bui]

Quote from @Axel Norvell:

@Carlos Valencia - do you know of any lenders in Houston that would offer HELOCs?

I'm in a similar situation where I have a lot of equity tied up, but cannot refinance because I'm locked into sub 3% rates

 yes just remember TX has 50A6 primary residence equity laws that limit the ability to obtain leverage against the primary. These laws dont affect non owner or second homes so C'est la vie when it comes to those.

most HELOC and lenders on primary residences will either limit cash out refinances on TX primary homesteads or limit it to 80% to comply with 50a6.

Plan Accordingly and you can still get / extract your equity out from your primary residence in TX state. Lots of the 50a6 laws put LTV and time restrictions on the use or extraction of your equity.

@Matthew Kwan@Carlos Valencia