When dealing with a borrower with multiple liens, you may find that you can only refinance the first lien due to loan-to-value (LTV) or debt-to-income (DTI) restrictions. Mortgage Coach allows you to show a new 1st with a re-subordinated 2nd lien for this type of scenario. Please watch the video below to learn:
- How to enter both current liens
- How to copy the existing liens into a new product slot
- How to create the new 1st lien
- How to reinvest the monthly savings
View the video here: Re-Subordinate a 2nd Lien
Total Cost Analysis: https://mcedge.tv/0o2hcw
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