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Updated almost 2 years ago on . Most recent reply

User Stats

338
Posts
76
Votes
Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
76
Votes |
338
Posts

HELOC Loan where to get one?

Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Posted

Who does HELOC loans? Comerica told me this but not sure it is right.

Hi, I am a title specialist with Comerica Bank. I am reaching out regarding the title report of your home. Currently, your mortgage is recorded as a home equity. In order to proceed with this line of credit we would have to pay off and close down your current mortgage. This will happen in the state of Texas if you took any cash out at closing or rolled in any closing cost. Please advise if you would like to proceed with paying off and closing your current mortgage.

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