Home Equity Loans Blog

Greg Tidmore

Greg Tidmore
Greg Tidmore of The Lane Law Firm. For solutions to some of the legal issues facing Texans, read this blog.

Recent Posts

Refinancing a Home Equity Loan: Want to Save Money, or Your Home?

Mar 28, 2018 2:10:06 PM / by Greg Tidmore posted in Home Equity Loans

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Texas once viewed homesteads as property to be protected from creditors; but, with the introduction of home equity lending in Texas in 1997 and with amendments in 1999, 2003, and 2007, those protections have been significantly chipped away.

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How Home Equity Borrowing in Texas has Forever Changed

Feb 15, 2018 4:44:55 PM / by Greg Tidmore posted in Home Equity Loans


Looking to borrow equity from your house? Here is what you must know first:

Prior to the November election last year, we put out a warning in our blog “Should Protections for Home Equity Borrowers be Stripped so Banks Profit?” that Proposition 2 was a wolf in sheep’s clothing. Consumer groups and newspapers across the state from the Houston Chronicle to The San Antonio Express-News all warned consumers to vote NO.

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Should Home Equity Borrower's Protections be Stripped so Banks Profit?

Oct 24, 2017 2:32:45 PM / by Greg Tidmore posted in Home Equity Loans


Update 2/15/18: Unfortunately this proposition passed. Read here about how Home Equity Borrowing in Texas has Forever Changed.

Texas was the last state to allow homeowners to borrow the equity in their home. When the law passed in 1997 allowing home equity loans, it included strong protections for consumers. As compared to other states, Texas has some of the strongest protections for home equity borrowers.

Now, Proposition 2 seeks to amend the Texas Constitution and strip many of those protections that Texans have enjoyed for the last 20 years - protections that helped Texas from suffering as much as other states during the recent housing crises.

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