How to subordinate a real estate loan

Borrowers aim to refi mortgage, keep home equity loan
Published on Jan 12, 2005

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by CareyBot

DEAR BOB: My wife and I have a first mortgage at 7.5 percent interest. We can refinance for around 6 percent, resulting in huge savings. But our problem is we have a $100,000 home equity credit line at one-quarter percent ...