(1) the refinance of the debt is an extension of credit described by Subsection (a)(6) or (a)(7) of this section; or (2) the pursuing the criteria is satisfied: (A) the fresh new re-finance isnt signed till the first wedding of big date the newest extension out-of borrowing is closed; (B) the new refinanced expansion from borrowing from the bank doesn’t come with the advance from any extra fund besides: (i) finance complex to re-finance an obligations described by the Subsections cash advance near me (a)(1) courtesy (a)(7) regarding the area; otherwise (ii) actual can cost you and supplies necessary for the financial institution in order to refinance the fresh debt; (C) new re-finance of your own extension away from credit try away from a main matter when placed into the new aggregate total of your own a good dominating balance of the many almost every other indebtedness protected by the appropriate encumbrances regarding checklist contrary to the homestead doesn’t surpass 80 % of the fair market price of your own homestead on go out the latest re-finance of your expansion away from borrowing from the bank is established; and you may (D) the financial institution has the owner another created see to the a great separate document not later on versus 3rd working day following big date the master submits the loan app toward lender and you may about a dozen months until the time the newest re-finance of your own extension from credit try closed: “Your Loan That you require So you’re able to Re-finance Is actually A house Guarantee Mortgage. You may have The choice To help you Refinance Your property Guarantee Financing Given that Both Property Guarantee Mortgage Or Because A low-Family Security Financing, In the event the Provided by Your Bank.