Tag: paying off second lien

Refinance for the Purpose of Paying Off a Second Lien

Question: My client has a home improvement loan as a second lien, and he would like to refinance to combine them. Can this be done as a rate/term refinance? Refinance Loans – All Agencies Chart Answer: Fannie Mae and Freddie Mac agree on this subject. Anytime you are paying off subordinate financing for agency loans, […]

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