Answer:
This is a question for your legal counsel, but it should be able to be handled through a change in terms.
First published on BankersOnline.com 11/26/12
All New Docs if Reduce Rate on HELOC?
Answered by:
Question:
If we want to reduce the rate on a HELOC, do we have to draw all new documents or can we draw and have executed just a change in terms agreement.
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