Episode
Real Estate Exam [Texas] 40, Home Equity Loan Restrictions
- Podcast
- Real Estate Exam Prep
- Published
- May 25, 2026
- Duration seconds
- 200
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
Actions
POST https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-texas-40-home-equity-loan-restrictions/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-40-home-equity-loan-restrictions.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Texas law caps the total of all loans secured by a homestead, including a new home equity loan, at 80% of the home's fair market value. - A mandatory and non-waivable 12-day cooling-off period must pass between the loan application and the closing. - Homeowners are restricted to having only one home equity loan on their property at any given time. - A new home equity loan cannot be obtained more frequently than once every 12 months. - Lenders must obtain a court order to foreclose on a property due to default on a home equity loan, a process known as judicial foreclosure. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep