Does this provision ban altering a property security financing prior to the that-year anniversary big date?
a house collateral mortgage feel modified in a single seasons of its wedding go out?A house security mortgage inside the Colorado need “never be closed through to the very first anniversary of closing big date of any almost every other domestic guarantee mortgage secured of the same homestead property” Tex. Const. artwork. XVI, 50(a)(6)(M)(ii).
Which provision makes it necessary that a good refinancing from a guarantee financing can get never be closed ahead of one year has elapsed as the closure date of any most other security financing covered from the same homestead property
The fresh new constitutional modification makes it necessary that a guarantee mortgage might not be finalized till the basic wedding of your own closing date of every other equity mortgage secure from the same homestead possessions.
