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November 17, 2011 at 11:22 AM #733110
bearishgurl
Participant

Up until 2003, HELOCs were not permitted in the State of TX and are now currently limited to 50% LTV there.

Home Equity Lines of Credit
With the recent legislation that gives Texas homeowners the ability to utilize Home Equity Lines of Credit (HELOCs), HFCU members now have access to the most flexible kind of home equity loan. Until Fall 2003, Texas was the only state that did not allow HELOCS…

see: https://www.houstonfcu.org/home/loans/mortgages/helocs

https://www.oag.state.tx.us/consumer/200307household.pdf

and: http://www.bankersonline.com/lending/guru2005/gurus_ldng110705j.html

bake, where ar-r-r-r-e-e-e yo-o-o-o-u-u when the Piggs need your expertise here? :=]