can you refinance a mortgage loan when you have taken out a home equity line of credit?

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  1. Reply
    May 2, 2011 at 8:15 am

    Yes, but you’ll need to get the holder of the HELOC to agree to subordinate it’s position to allow the refinance of the mortgage.

  2. Reply
    Lauren F
    May 2, 2011 at 9:05 am

    Yes, but you need to either get enough to pay off the HELOC, or get the HELOC lender to agree to resubordinate the debt.

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