Zillow Advice: Mortgage Types - Texas home equity and refinancing http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ Zillow Advice | Zillow Real Estate its in the texas constitution. ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ its in the texas constitution. Once a cashout always a cash out.but if the cash out was a home improvement <a href="http://www.zillow.com/mortgage/">loan</a> to pay off contractors and supplies. and the loan was closed properly by the title company. it isn't treated as a cash out. And can be taken above the 80% loan to value. Mon, 31 Aug 2009 07:19:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-08-31T07:19:00Z If the lien was released ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ If the lien was released it will not show on title, and your refi will not be considered a cashout under TX law. Wed, 18 Mar 2009 22:34:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-03-18T22:34:00Z I would check with the title ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ I would check with the title company and county tax office&nbsp;to make sure the lien is actually released. If it is, then you're ok. Wed, 18 Mar 2009 15:51:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-03-18T15:51:00Z Ken, that is an interesting ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ Ken, that is an interesting comment.&nbsp; What about if the second lien holder (i.e. the one providing the <a href="http://www.zillow.com/home-equity-loan/">home equity loan</a> that was since paid off), had filed a release of lien with the county?&nbsp; In that case there would be nothing to subordinate, right? Wed, 18 Mar 2009 00:38:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-03-18T00:38:00Z The first mortgage would ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ The first <a href="http://www.zillow.com/mortgage/">mortgage</a> would be a Conventional&nbsp;Non 50 a 6, but you would still have a HomeEquity on title. If you decided to refi, you would need to see if the 2nd lien <a href="http://www.zillow.com/directory/lenders/">lender</a> would subordiante the 2nd lien. Even though it's paid off, it's still attached to the property. Tue, 17 Mar 2009 23:45:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-03-17T23:45:00Z Joe, actually I checked on ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ Joe, actually I checked on this myself and it would be a conventional mortgage.<br/><br/>Your statement is only true to the extent that some part of a <a href="http://www.zillow.com/mortgage/">loan</a> being refinanced WAS used for cash out.<br/><br/>Since the original was NOT cash-out, and ONLY that loan is being refinanced, the "once a cash out" part of the statement is not satisfied.<br/><br/> Tue, 17 Mar 2009 23:07:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-03-17T23:07:00Z ONCE A TEXAS CASHOUT; ALWAYS ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ ONCE A TEXAS CASHOUT; ALWAYS A TEXAS CASH-OUT !!!&nbsp; JOE Tue, 17 Mar 2009 22:18:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-03-17T22:18:00Z [content removed by moderator ... http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ [content removed by moderator for being self promotional] Thu, 12 Mar 2009 04:13:00 GMT http://www.zillow.com/advice-thread/Texas-home-equity-and-refinancing/207967/ 2009-03-12T04:13:00Z