The $50,000 mortgage is actually a good refinancing lower than 1003

The $50,000 mortgage is actually a good refinancing lower than 1003 2(p) Refinancing step one. General. Point 1003.2(p) describes a great refinancing since the a sealed-end real estate loan otherwise an unbarred-stop credit line where a different, dwelling-shielded debt obligation matches and you can changes an existing, dwelling-secure debt obligations of the same debtor. Except…