- This topic has 1 reply, 2 voices, and was last updated 3 years, 8 months ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
I currently have an application for a mortgage in process where the intention is to pay off a 1st MTG and a 2nd lien position HELOC. The HELOC will be paid off but would not be closed so the borrower could continue to make draws on this in the future but doesn’t intend to anytime soon. Would this be exempt from rescission and considered a consolidation even if they will keep the LOC open?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.