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News: CTCAR

Support real estate on your local ballot!

Wednesday, October 25, 2017  

Early voting for the Nov. 7 election has started, and every Texas voter’s ballot has an important constitutional amendment known as Proposition 2.

Because you are a homeowner advocate, we need your help supporting Proposition 2, which would modernize how homeowners can access the equity in their homes in several ways:

  • Provide more refinancing options. Texans can’t currently refinance a home-equity loan into a standard loan. Prop 2 would give Texans the freedom to choose what’s best for them.
  •  Make smaller loans more accessible. The current fee structure makes smaller-value loans inaccessible for many homeowners. Prop 2 will change the fee calculation, making loans accessible to more Texans.
  • Maintain consumer protections. Our constitution gives us some of the strongest home equity consumer protections in the country—and none of that would change if Prop 2 passes.

3 ways you can help

  1. Educate yourself by visiting TexansForProp2.com for FAQ and videos that explain the issue.
  2. Educate your clients. Visit TexansForProp2.com/RealEstate for a REALTOR® toolkit that includes a customizable flier, a letter for your clients, and social media images.
  3. Vote early now or on Election Day. Visit county’s elections website to find your polling place.

REALTORS® fought hard during the 2017 legislative session to bring this important amendment to the ballot … now it’s time to support it.



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