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In closing a refi and HELOC simultaneously where proceeds from the HELOC will be used to pay a portion of the closing cost in the refi, the alternative Cash to Close table does not provide a line for subordinate financing, as the HUD-1A does. I believe that if both loans were TRID covered we would combine the amounts due to and from the borrower on each CD in calculating the final amount due to or from the borrower. If this is correct, how would we handle the Cash to Close disclosure for a refi when a subordinate lien HELOC is consummated simultaneously and funds from the HELOC are used to pay closing costs of the refi?
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