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Enterprising Investor

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Enterprising Investor

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Re: 56Chevy post# 13

Friday, 04/30/2010 3:23:46 PM

Friday, April 30, 2010 3:23:46 PM

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The savior...

Home equity loans are a relatively new invention for Texans (1997). The loans are limited to 80 percent LTV, not 100 percent (or even 125 percent that was once available in California). The rules are very strict. Out-of-state lenders hate them!

http://www.expertlaw.com/library/finance/Texas-home-equity.html#2

Land is never an issue in the Lone Star State.

Texas went through the same issues faced today back in beginning in the mid-1980's when large number of companies and people moved from the Rust Belt and Northeast.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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