I took a home equity loan out a while ago and in this market, my equity has dropped considerably.
If I were to sell my home, I could pay off my 1st mortgage, but I'd still have a balance of about $30,000-$50,000 on the 2nd mortgage.
Do lenders transfer 2nd mortgages to a new home?
Orignal From: Can I transfer an existing home equity loan, attached to my current residence to a new residence?
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