The brand new $50,000 financing is actually good refinancing under 1003
The brand new $50,000 financing is actually good refinancing under 1003 2(p) Refinancing 1. General. Point 1003.2(p) describes a refinancing once the a close-stop mortgage loan otherwise an unbarred-stop line of credit in which another, dwelling-secure personal debt obligation touches and you can substitute a current, https://www.cashadvancecompass.com/personal-loans-pa dwelling-secured loans duty of the exact same debtor. …
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