Mortgage Forum
if I refinance a non-recourse loan....
This is a discussion on if I refinance a non-recourse loan.... within the Mortgage Talk forums, part of our Mortgage Chat category; Hello, if I refinance a non-recourse loan, the loan stays as a non-recourse loan, if I only refinance ...
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February 27th, 2008, 01:23 AM
| #1 |
| Junior Member Join Date: Feb 2008
Posts: 1
|  if I refinance a non-recourse loan.... Hello, if I refinance a non-recourse loan, the loan stays as a non-recourse loan, if I only refinance the balance of the loan, without taking cash out, or adding more things on the loan? Refinanced loan will combine the first and second mortgage into one. What about the closing cost, title insurance, escrow, etc, that will be added on the refinanced loan, does that effect the loan to change from a non-recourse loan to a recourse loan, since more things are added to the original loan balance from the first and second mortgage?
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July 8th, 2008, 07:09 AM
| #2 |
| Junior Member Join Date: Jun 2008
Posts: 11
| Re: if I refinance a non-recourse loan.... There are lot of ways to ones problems and you can solve them easily one you have better suggestions ….like the ones above…keep going mate ;-)
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