The newest $50,000 financing is actually a beneficial refinancing less than 1003

The newest $50,000 financing is actually a beneficial refinancing less than 1003 2(p) Refinancing 1. Standard. Area 1003.2(p) describes a refinancing once the a shut-avoid home loan otherwise an unbarred-prevent personal line of credit in which another, dwelling-secured financial obligation responsibility joins and you may replaces an existing, dwelling-safeguarded debt obligations from the same debtor.… Continue reading The newest $50,000 financing is actually a beneficial refinancing less than 1003