Question: Our client has a first mortgage that was modified a couple of years after they purchased it. The mortgage statement indicates a “deferred balance”. If they want to combine these into one loan is this a cash-out or rate-term refinance? Answer: If there is no formal institutional 2nd lien on the property and he […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.