Re-Advanceable Mortgage

A readvanceable mortgage is a feature of some mortgage lines of credit, including home equity lines of credit (HELOC). With a readvanceable mortgage, the borrower’s line of credit is increased as the borrower makes payments to the mortgage and reduces the principal of the original mortgage.

Re-Advanceable Mortgage

What is it about?

An Example

Mortgage Summary

Lowest mortgage payment possible.

Whenever you pay down your mortgage, you can automatically get it back without refinancing.

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