Why Lenders Reject Refinance Applications A lender may reject a home refinance application for a multitude of reasons. Chief among them: Weak credit score and credit history: Lenders don’t like to see late payments and collection accounts on a credit report, since they may be indicators of financial irresponsibility.

Can you refinance a Heloc in Texas?

Texas does not allow a home equity line of credit to be used to purchase a home, it can only be done as a refinance with a combined loan to value of 80%.

Can you have 2 home equity loans on the same house in Texas?

Texas law does not permit more than one home equity loan to be issued for the same house at the same time. If you have an equity loan with an outstanding balance, you must pay off the entire amount or refinance it into a new home equity loan. This applies no matter how much equity your house possesses.

Can a home equity line of credit be refinanced in Texas?

That offers more stability and better peace of mind than a home equity line of credit’s (HELOC) variable rate. Plus, your mortgage interest may be tax deductible. (Check with a professional first, as recent changes to the tax law apply.) “Any homeowner is eligible for this Texas cash-out refinancing loan.

Is there a change in ownership of Ameriquest?

No. Corcentric has been a wholly-owned subsidiary of AmeriQuest since 2002 and will now step forward as the identity for both businesses. There is no change in ownership or to the AmeriQuest staff with whom you currently work. We are not moving physical locations. Do I need to communicate anything to my AmeriQuest suppliers?

Who is eligible for cash out refinance in Texas?

“Any homeowner is eligible for this Texas cash-out refinancing loan. You simply need to have earned more than 20 percent equity in your home,” says Herb Ziev, a Certified Mortgage Planning Specialist in Texas.

When did Ameriquest acquire Corcentric business systems?

In 2002, AmeriQuest acquired Corcentric Collective Business Systemsin order to couple AmeriQuest’s highly successful fleet GPO purchasing programs with Corcentric’s financial process automation technology for B2B billing and invoicing.