I'm Bond Peter Njoku (NMLS #2670329), your Dallas refinance specialist. Dallas homeowners have built significant equity over the past decade — and whether your goal is accessing that equity, lowering your rate, or removing mortgage insurance, I'll show you exactly what's available and whether the numbers work.
Texas has its own constitutional rules for cash-out refinancing — stricter than any other state. Every Dallas homeowner considering a cash-out refi needs to understand these before applying.
| Home appraised value | $400,000 |
|---|---|
| Maximum loan (80% LTV) | $320,000 |
| Current mortgage balance | $210,000 |
| Maximum cash available | $110,000 |
| Home appraised value | $550,000 |
|---|---|
| Maximum loan (80% LTV) | $440,000 |
| Current mortgage balance | $280,000 |
| Maximum cash available | $160,000 |
I calculate your exact equity position with a free appraisal estimate. Call 469-545-7180.
| Rate/Term Refi | Cash-Out Refi (TX 50(a)(6)) | |
|---|---|---|
| Goal | Lower rate or term | Access home equity in cash |
| LTV limit | Up to 97% (conventional) | Max 80% (Texas law) |
| 12-day wait | No | Yes |
| Appraisal | Usually required | Always required |
| Use of funds | N/A — no cash out | Any purpose |
| Once/year limit | No | Yes |
Many Dallas homeowners who bought in 2019–2022 have two reasons to consider refinancing: they have significant equity (Dallas appreciation averaged 6–10% annually during that period), and some are sitting on rates in the 6.5–8% range from 2022–2023 purchases where a future rate drop could produce meaningful savings.
I run both scenarios — what a rate/term refi saves monthly vs. what a cash-out refi unlocks in equity — and show you the real numbers for your specific loan before you commit to anything.
Texas 50(a)(6) limits cash-out refis to 80% of appraised value on your primary residence. On a $400,000 Dallas home, maximum loan is $320,000 — meaning you can access up to $110,000 if your balance is $210,000. There's a 12-day wait after application. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180.
Section 50(a)(6) sets the rules for Texas home equity lending: max 80% LTV, primary residence only, one cash-out refi per year, 12-day waiting period, 2% fee cap on lender charges, specific state disclosure forms. I'm Bond Peter Njoku (NMLS #2670329) — I navigate these rules daily. Call 469-545-7180.
Yes — a rate/term refi does not trigger 50(a)(6). No 80% LTV cap, no 12-day wait. You refinance to a new rate and term with minimal cash back at closing (usually capped at $2,000). I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180 and I'll tell you which type fits your goal.
Maximum 80% of your home's appraised value minus your current loan balance. Dallas appreciation has been strong — many homeowners have more equity than they realize. I'm Bond Peter Njoku (NMLS #2670329). Call 469-545-7180 and I'll estimate your available equity in minutes.
I'm Bond Peter Njoku (NMLS #2670329), your Dallas refinance specialist. Call, text, or WhatsApp me at 469-545-7180 — I'll calculate your available equity and run both scenarios for free.
Also serving nearby: Dallas · Refinance in Garland · Refinance in Plano · Refinance in Fort Worth · Refinance in McKinney · Refinance Overview