Comments on: Can I transfer an existing home equity loan, attached to my current residence to a new residence?

By: Hanna

Hanna — Sat, 29 Aug 2009 00:41:59 +0000

Hello
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By: webjnke1

webjnke1 — Sat, 29 Aug 2009 00:19:59 +0000

you can't transfer. but you could take out a 2nd mortgage or equity loan on the new home, and use that to pay off the first one
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By: infinite crisis 247

infinite crisis 247 — Fri, 28 Aug 2009 23:48:59 +0000

simple answer: no. especially in this financial climate. you would have to satisfy all liens on the first home when you sold it, which includes the 2nd mortgage. otherwise, the title is not clear and the deal will not go through.
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