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TEXAS HOMESTEAD REFINANCE ADDENDUM TO LOAN APPLICATION Applicant(s): Property: Date: This Addendum is part of your application for a mortgage loan from (Lender). You are applying for a loan to refinance
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How to fill out texas homestead refinance addendum
How to fill out texas homestead refinance addendum
01
To fill out the Texas Homestead Refinance Addendum, follow these steps:
1. Begin by obtaining a copy of the addendum form, which can typically be found on the Texas Department of Savings and Mortgage Lending website or obtained from your lender.
02
Start by entering the borrower's name, address, and contact information in the appropriate fields.
03
Indicate the name of the lender and the date on which the addendum is being filled out.
04
Provide details about the existing loan, such as the loan number and the balance remaining.
05
Specify the terms of the new refinance loan, including the loan amount, interest rate, and any other relevant terms.
06
Identify the homestead property by providing the property address and legal description.
07
Include any additional provisions or amendments that may be necessary for the refinance transaction.
08
Both the borrower and lender should review the addendum carefully and sign it to indicate agreement and consent.
09
Make sure to keep a copy of the completed addendum for your records.
Who needs texas homestead refinance addendum?
01
The Texas Homestead Refinance Addendum is typically required by borrowers who are refinancing their existing mortgage loan on a homestead property in the state of Texas.
02
This addendum is necessary to ensure compliance with Texas laws related to homestead rights and protections, and to provide specific information about the refinance transaction.
03
It may be required by lenders, title companies, or other parties involved in the refinance process, in order to document the borrower's agreement to the terms of the loan and to protect the borrower's homestead rights.
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