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"Texas 50(a)(6) loan" refers to a loan subject to 50(a)(6), whether it be a home equity loan or a no-cash out refinance of a home equity loan which fails to meet the conditions under Ibid. 50(f)(2).
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Additionally, the Company originated an $8.25 million loan (the “Carpenter Loan”) secured by the leasehold interest in the Carpenter Hotel in Austin, Texas. The Carpenter. or approximately 57% of.
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Texas Mortgage Points. When a potential home buyer applies for a loan, there may be two types of points the buyer will have to pay. These points are called origination of points and discount points. Each one of these points will be equivalent to 1% of the entire loan amount. For example, if the mortgage is $250,000, one loan point will be $2,500.