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Document Needed for HELOC Extension
Answer by Randy Carey, BOL Guru
Guru Bios
Question: Prior to the maturity of a home equity line of credit, what documentation needs to be completed in order to extend the line and increase the floor and floating base rate without disturbing the lien position?
Answer: Since it may vary by jurisdiction, contacting your legal counsel would be the best solution.
First published on BankersOnline.com 4/14/08
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