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#2121067 - 03/08/17 05:39 PM Advance on Real Estate Loan
Tessie Offline
100 Club
Joined: Jan 2006
Posts: 155
. If you have a real estate loan can you advance back on it.

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Lending Compliance
#2121070 - 03/08/17 06:19 PM Re: Advance on Real Estate Loan Tessie
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,349
What kind of 'real estate loan' are you asking about?
An equity loan - yes.
A fixed rate mortgage, not without doing a modification.

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#2121084 - 03/08/17 06:51 PM Re: Advance on Real Estate Loan Truffle Royale
Richard Insley Online
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Richard Insley
Joined: Oct 2000
Posts: 10,068
Toano, VA
The proper use of any loan should be spelled out in the promissory note. If there's any question about the meaning of any of the language in the note, you should discuss it with the person who drafted it, the bank's attorney, or both.
_________________________
...gone fishing.

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