Frequently Asked Questions
What is TX Mortgage Loan?
TX Mortgage Loan is an independent, informational website about mortgage rates, refinancing and the housing market in Texas. It is written for homeowners and buyers who want to understand the numbers before they speak with a licensed lender.
Does TX Mortgage Loan offer loans, pre-approvals, rate quotes, property listings or loan applications?
No. Informational only. TX Mortgage Loan is not a lender, mortgage broker or loan originator, is not NMLS-licensed, and does not take loan applications or offer rates.
Who writes the articles?
Articles are written for general readers and updated periodically. They are not tailored to any individual situation and may not reflect the most recent rule changes, so please confirm important details with the official source.
How can I check a company or professional before working with them?
Search the company and the loan officer on NMLS Consumer Access (nmlsconsumeraccess.org) and compare official Loan Estimates.
Are the calculators accurate?
The calculators give rough estimates based on the numbers you enter and simplified assumptions. They are useful for planning but are not quotes, offers or official calculations.
How do I contact the site?
Use the contact page. Please do not send Social Security numbers, account numbers or other sensitive information.
Texas-specific rules worth knowing
- Texas home-equity (cash-out) loans on a homestead are governed by Section 50(a)(6) of the Texas Constitution, which caps total borrowing at 80% of the home’s value.
- Texas home-equity loans also have a mandatory waiting period between application and closing; ask your lender for the current rules.
- A refinance generally makes sense only if you will keep the loan long enough to recover the closing costs (the “break-even” point).
- Compare lenders using the official Loan Estimate form, which makes APR and closing costs comparable line by line.
- Verify any lender or loan officer on NMLS Consumer Access before applying.
Informational only. TX Mortgage Loan is not a lender, mortgage broker or loan originator, is not NMLS-licensed, and does not take loan applications or offer rates.