Categoría: cash advance defintion

Were there advantages to individuals with a primary-lien HELOC?

Were there advantages to individuals with a primary-lien HELOC? The difference matters given that one minute lien is actually subordinate so you can a beneficial basic lien. Therefore if a borrower defaults to your a debt obligations, the fresh new creditor in the first-lien condition takes consideration for getting paid down. A good HELOC are …