Thursday, June 4, 2015

Can Anyone understand this, Was this just a refinance, or a new loan against this property?

So they bought the house in 2010 for 1.1M, and and took out a 680K loan. But see the transaction in 2012, what is that, is that a NEW mortgage against the property? Or the same one being refinanced?

Theres also an equity line of credit, so did they take out 2 fresh new loans in 2012 then? I dont understand it much.

Thanks Can Anyone understand this, Was this just a refinance, or a new loan against this property

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