Nromally HELOC can't be 1st lien

来源: RE8888 于 2010-08-11 17:34:01 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (269 bytes)

Which means you have to have regular mortgage first, then you can apply HELOC. Otherwise HELOC will become your first loan.

But you may try to open a HELOC while you still have $80K loan amount, then use HELOC pay off that $80K. I think this is what 东门庆 mean.

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• Thanks. -leilei123- ♀ 给 leilei123 发送悄悄话 leilei123 的博客首页 (0 bytes) () 08/11/2010 postreply 17:36:45

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