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Home equity loan problem

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Stan Guest	Posted: Mon Feb 02, 2009 3:26 pm    Post subject: Home equity loan problem Like 0 Dislike 0 I am trying to refinance my home. The lender tells me that since they do not have a brick and mortor office in Texas they cannot refinance my home because I have a home equity line of credit that I borrowed money against this line of credit and have repaid the loan. Is this a fact? Should the lendor have asked this question prior to my submitting a commitment fee? Should I be able to get my commitment fee refunded? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
sara Moderator Joined: 05 Jul 2006 Posts: 2699 Location: New Brunswick, New Jersey 497.27 Dollars($)	Posted: Tue Feb 03, 2009 3:01 am    Post subject: Like 0 Dislike 0 Hi Stan, If you have repaid the Heloc, then you can qualify for a refinance loan on your Texas property. And yes, the lender should have asked this question before you paid the commitment fee. You can ask for a refund of the fees you've paid. Check out the commitment letter for terms and conditions regrding refund of commitment fee. Take care _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020

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