IMPORTANT
As of January 1, 1998, there are dramatic changes in what are now the Homestead Laws for Texas. Before 1998, a homeowner could only borrow against the equity in his/her home with definite restrictions – NOT for college tuition, medical, etc. As of 1/1/98, this has changed and Texas joined the rest of the states in permitting home equity loans for any purpose. Check out the NEW HOMESTEAD LAWS for yourself!
Test your knowledge of the Homestead law with the Homestead Test!
There is a plus – you are entitled to a “Homestead Exemption” (tax discount) on your property taxes if you are actually living in your home (not investment) and if it is your primary residence.
Call Idzi.
