Legal Question in Real Estate Law in Texas

Can you obtain a loan using homestead property as collateral

Ive inherited a house from my mother..she always kept a homestead exemption on it. I have gotten the deed in my name nowand would like to take out a loan to repair and remodel the house. Can I do it with the homestead on it?


Asked on 4/06/08, 3:10 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: Can you obtain a loan using homestead property as collateral

Yes.

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Answered on 4/06/08, 4:56 pm


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