I recently found out that my primary mortgage lender sold the mortgage to a bank that holds my home equity loans, all are included in my 13. Is this something that normally occurs in a 13? Can or will my home equities be now rolled into my primary mortgage for one standard loan now? Any advantage that can be gained from it such as only having one lender to deal with if I want to get a loan modification?
-
-
Mortgages are sold or transferred routinely regardless of bk. Nothing changes except who you send the money to each month and, maybe the actual account number. As to the new mortgage holder also having your second, no, the two loans will not be combined. You can certainly try to refinance to get them into one loan but, unless you do, nothing changes.
Des.
Comment