homestead in texas - pros and cons ??

[Anonymous]

I like to know more on this from people that have it.

What it is, the benefits and drawbacks. Will this reduce my mortgage payments?

I will be applying once I close this decembe. Finger close

[chasmith]

Not in Texas any more but there's no reason not to file Homestead and every reason to do so.

Your homestead is protected from any form of foreclosure except purchase money mortgage, and your property taxes may be reduced, they are certainly capped for increases.

[DallasLoanGuy]

protects your home from creditors.

lowers taxes

file it when it becomes time