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About Austin, TXWith one of the strongest economies and housing markets in the nation, Austin, TX is a smart place to make what has historically been the most reliable investment, real estate. Why is Texas mostly unaffected by the housing issues that are griping other parts of the US? The Texas legislature amended the rules governing Home Equity Loans, the changes limited the amount that Texas homeowners can borrow against the value of their property, this amount is 80%. Because of this smart law our homeowners are a lot less likely to find themselves owing more than their property is worth. In other parts of the country home owners are allowed to borrow up 110% of the property’s value, they assumed that the rapid appreciation that they were experiencing would continue, unfortunately that was not the case. |
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