Updated over 5 years ago on . Most recent reply
Texas Cash Out Refinance for Out of State Investor
I'm trying to find out if there are any out of state investors, investing in Texas rental houses who have completed a cash out refinance? My title company is saying that I have to have claimed a homestead exemption on a property in Texas, in order to do a cash out refinance of my rental house. This essentially means that out of state investors cannot do cash out mortgages on Texas properties, so just seeing if there any out of state investors who have completed a cash out refinance of a property in Texas.
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@Luke Stone. Out of curiosity why are you talking to a title company about doing a refi?