Learn More - Click Here!

Thread Options
#2208509 - 03/12/19 06:04 PM Home Equity Draw Period
Adam Parrott Offline
New Poster
Joined: Jun 2016
Posts: 1
I have a borrower that wants to cancel the draw period for the last year due to wanting to pay the loan down and also because he doesn't want his wife to draw on it anymore. Can he do that or will it take both of them to be able to do that?

-Adam Parrott

Return to Top
#2208510 - 03/12/19 06:06 PM Re: Home Equity Draw Period Adam Parrott
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,261
Galveston, TX
It would require a written modification - which usually means all parties to the transaction must agree.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top