Compare Home Equity Loan Specialists in Temple, TX
Compare home equity loan specialists in Temple. Review contact information and insurance categorys before you decide.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Texas before hiring.
Showing 17 home equity loan specialists in Temple, TX
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A home equity loan specialist in Temple Texas can guide you through the unique requirements of Texas home equity lending. Texas law limits home equity loans to 80 percent of the home value and requires a 12 day rescission period after loan closing. Working with a local specialist helps ensure compliance with these state specific rules.
What Does a Home Equity Loan Specialist in Temple Cost?
Typical costs for a home equity loan specialist in Temple Texas include an origination fee of 0.5 to 1.5 percent of the loan amount. Appraisal fees range from 400 to 700 dollars. Title insurance and recording fees add 500 to 1500 dollars. Total closing costs often total 2 to 5 percent of the loan amount. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is the maximum loan to value ratio for a home equity loan in Texas?
Texas law limits home equity loans to 80 percent of the home s fair market value. This means you cannot borrow more than 80 percent of what your home is worth. The specialist will help you calculate this correctly.
How long is the rescission period for a Texas home equity loan?
Texas requires a 12 day rescission period after you sign the loan documents. You have 12 days to change your mind and cancel the loan without penalty. This period starts the day after you sign.
Do I need a special license to be a home equity loan specialist in Temple?
Home equity loan specialists in Texas must hold a mortgage loan originator license through the Nationwide Multistate Licensing System. They also must complete continuing education on Texas specific lending laws.