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Originally Posted by rb22owl What is the name of your state? Texas
Can anyone tell me what a "Texas Home Equity Deed of Trust (Cash Out-First Lien) is?
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Bad idea.
It is like taking out a credit card on your real estate. You can get cash advances up to a certain amount. Since it is a cash out, it means you will take money from the closing table.
These are dangerous things; most people spend more than they make and put their land up for collateral which is even worse.
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