calvinwch is right. It will be taken care of at closing.

Your old house has a mortgate from a bank and a HELOC from a different bank.  When you sell your old house, you will get proceeds from the sell.  Before your getting the money, your mortgage bank and your HELOC bank will issue the payoff letters.  At the closing, your mortage bank will be paid first, your HELOC bank will be paid next and the rest is yours after all the fees.  Hope this helps.  Good luck.

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• 谢谢！说得很清楚，搞明白了 -Lovedog12- ♂ (0 bytes) () 03/28/2017 postreply 15:19:21