Answer:
The HELOC is not being satisfied and replaced by by the new obligation therefore it (the new obligation) does not meet the definition of a refinancing.
First published on BankersOnline.com 4/30/12
The HELOC is not being satisfied and replaced by by the new obligation therefore it (the new obligation) does not meet the definition of a refinancing.
First published on BankersOnline.com 4/30/12