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Don't believe it...

Posted by Ward-CA- on November 28, 2003 at 8:51 PM

In Reply to: Legal terms for new 2nd TD refi. posted by bronko on November 27, 2003 at 9:22 PM

: If originating a 2nd TD, must the terms be amortized and
: for a specified number of years. Or can I do a 1 or 2 year loan interest only. This would be a refinance loan. I am in the State of Oregon.

: I heard that an interest only junior loan with a 1 or 2 year term is not allowed.

=============

Bronko,

You can do an interest only refi. And don't believe what you hear about junior liens.


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