Legal Question in Wills and Trusts in Louisiana
I have a mortgage and a home equity line of credit. When I refinance, do I have to refiance both of them together or can I just refinance my mortgage?
Asked on 10/02/11, 6:20 pm
3 Answers from Attorneys
Martha Amanda Mandi Lucas
Mandie Seale Lucas
It will depend on the agreement you made with each. Usually they are not done jointly.
Answered on 10/03/11, 11:00 am
Nick Pizzolatto, Jr.
Pizzolatto Law Office
You are about to be introduced to the wonderful world of mortgages........if you refinance, I suspect the line of credit will want to move ahead of the refinance in the pecking order.
Answered on 10/03/11, 3:19 pm