Proposition 2 provides needed benefits to homeowners

Proposition 2 proposes greater choice and flexibility in refinancing homes. For most Texans, their homes are their most valuable assets and, thanks to a strong economy, most homes have appreciated significantly in value over the last decade. This amendment to the Texas Constitution would make important changes to the existing home equity rules to better allow Texans to access their increased equity for whatever reasons they choose — to pay for college, to pay medical bills or to pay off higher interest credit cards.

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