Explanation for the Texas Deed of Trust Questions from the Loan tab:
Option 1 is generally for when the borrower is not the owner of the property before this loan (acquisition).
Option 2 is for when the borrower owns the property prior to the loan (regardless of lien priority of this loan)
Option 3 is if they have the language to be included verbatim.
Option 4 is not common as the local counsel will include such language during their review.
The website does include helper text.
Select if this transaction is: (1) a Purchase Money Mortgage and you wish to add GoDocs' standard Texas Vender Lien language, (2) a Refinance/Extension and you wish to renew, extend, and/or carry forward an existing Texas Vendor Lien, or (3) is either a Purchase Money Mortgage or a Refinance/Extension and you wish to insert your own Texas Vendor Lien language into the appropriate section of the Deed of Trust
