Home Equity Loans

Recorded, December 19, 2023 |  Reg. Fee:  Member - $40, Non-member - $54  |  CE Credits:   1.0 Hr. Escrow

Home Equity Loans 

Exciting news! Our upcoming webinar, "Home Equity Loans and Reverse Mortgages – Give me the money!!!" is set to unravel the intricacies of these financial tools in a concise hour. Throughout the session, gain a comprehensive understanding of Home Equity Loans (HEL), from defining them to recognizing eligible property types. Explore the intriguing history of HEL in Texas, covering its evolution since inception. 

Delve into the Texas Constitution and Home Equity Loans (50(a)(6)), unraveling critical aspects like the 80% rule, Right of Rescission, and more. Clarify the concept of homestead, addressing the Texas Constitution's definition and scenarios where spouses are not in title but reside in homestead property. Tackle Power of Attorneys (POAs) in HEL closings, covering their allowance, rules on location, and underwriter approval. 

For rural/agricultural properties, explore considerations for valuation, implications for designated agriculture homesteads, and practical tips for dealing with surveys. Our discussion on HEL endorsements breaks down T42 and T42.1, covering everything from costs to necessary requirements. Right of Rescission takes the spotlight, explaining the three-day window for owners to cancel the loan. 

Get ready for an engaging session demystifying Home Equity Loans and Reverse Mortgages. Looking forward to having you there! 

Course criteria covered in this topic: a. title insurance principles and coverages, b. title insurance law, rules, and regulations; d. mortgage lending and closing transactions, f. management of the licensee’s title insurance business. 
  
Presenter: 
Mindy Hallford, CTIP
Heritage Title Company

Pricing:
Member $40
Nonmember $54

CE Credit:
1.0 Escrow Credit


For those new to the topic and/or the title industry. May include basic concepts, definitions, industry history and/or general information.
For more information on TLTA's rating system, please click here.
Under Procedural Rule P-28 II I-6, TDI will not award credit hours for completing the same course more than once per reporting period.

 
When
12/19/2023 11:30 AM - 12/19/2025 11:59 PM
Central Standard Time
Where
Online Webinar, On demand

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