Ten reasons why the Texas economy is growing that have nothing to do with Rick ... Houston Chronicle (blog)
When oil prices are high, job growth in Texas historically has exceeded that of the nation, said Keith Phillips, the senior economist and advisor at the San Antonio branch of the Dallas Federal reserve. He said Texas entered the recession late and came out early, mirroring trends in oil prices, which rose towards the beginning of the recession, fell in 2009, but have been steadily rising since.
“If you look at what states were expanding, they are almost all the energy states,” he said. “When oil prices are high, our job growth is stronger relative to that of the nation.”
Based on Dallas Fed research, a 10 percent increase in oil prices leads to a 0.3 percent rise in employment and a 0.5 percent rise in GDP for the state of Texas.
2. Government growth .
“Creation of government jobs help to create jobs in the rest of the economy, because people spend money and buy things,” Wial said.
Wial said that even as the federal government directed stimulus monies towards the state — federal spending topped $227 billion in 2009, up from almost $107 billion in 2000, according to the Census Bureau — Texas didn’t see the same cutbacks in state government spending that other regions did because of its bi-annual budgeting. He said that could have protected jobs, and the overall economy, from the fallout of the recession.
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Texas Cash Out Refinance Laws
Texas Cash Out Refinance;Texas Cash-Out Laws and Loans;Cash Out refinance,Home Equity, Extensions of Credit in Texas,lender in Texas,Texas debt ...
Can you refinance 100% loan-to-value in Texas, and cash out on the equity for home improvements?
Meaning, we owe $99K, can we refinance for $125K?
(to Amanda: 100% loan to value means getting a loan for 100% of the home's value. Just because you owe on a home doesn't mean you owe 100% of what it's worth.)
EDIT: If you really want to get technical Amanda, there is no "a" before 100%. So, it's clarified just fine. You read it wrong. No, I didn't ask if you could refinance a loan that is 100% of the value of my home. Go back and read again.
Texas state law says that the only way you can do a 100% on the first refinance after the purchase but the only way to do that is if you still owe 100% of what the house is worth because you can't get cash out. If you wanted to do cash out you could but you would not be able to go above 80% loan to value due to Texas state law.
EDITED TO ADD:
And I know what 100% Lown to value is. You said, "Can you refinance a 100% loan to value...." Which means that you have a 100% LTV that you want to refinance. So perhaps you need to be more clear if you expect a correct answer.
Yes, you can refinance from 90K to 125K if the home is valued at 125K, but your interest rate may be higher due to the risk and you may end up with PMI, which you probably dont have now. Just some things to consider.
www.totaldebtsolutionsllc.com
Loan officers in our network do loans in Texas all the time.
cash out refinance texas - News
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