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Want To Refinance Your Home Loan? Have a HELOC? Be Warned
mortgageadviceinsouthflorida.b… — As a Mortgage Broker in South Florida (Palm Beach Gardens) I have seen this scenario all to well with my clients. They would like to take advantage of a new lower mortgage and have a Home Equity Line of Credit. Now any lenders including Bank of America will not re-subordinate their HELOC's if your are in Florida. So what does Re-Subordinate mean?
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