Yeah, that’s what’s tripping me up. I heard from a coworker that once you do a cash out in Texas, you’re basically stuck with those rules forever, even if you pay it off. I kinda hoped it was just a rumor, but seems like it really happens. Wild how complicated Texas makes this stuff… makes me nervous to even think about refinancing down the line.
“once you do a cash out in Texas, you’re basically stuck with those rules forever, even if you pay it off.”
Yeah, that’s the part that threw me too when I first started looking into it. It’s not just a rumor—Texas really does have some strict rules about cash-out refis. Even after you pay off the loan, your property is tagged as “cash out” for future refinances. It’s wild. I get wanting to protect homeowners, but man, it makes things so much more complicated than other states. I’ve got a buddy who tried to refi again later and ran into all kinds of headaches because of this. Just another reason Texas keeps us on our toes, I guess...