Posted by Don Dion on August 16, 2003 at 15:58:57:
Most Fannie Mae or Freddie Mac loans will require you either pay off the HE loan or have them sign a subordination agreement. You will also have a seasoning issue were you will have to be into your HE loan for at least 12 months since the last withdrawl.
can I refi this way?? - Posted by scott
Posted by scott on August 16, 2003 at 13:13:23:
HI
I am wanting to get a home equity loan at a bank that is different than the bank where my mortgage is. But, if i decide to refi. my first mortgage in the future does having the home equity loan on the prop. hurt my chanes? Can I refi. one loan and not bother the equity loan???