Boris asked:


Hi,
To buy new house I took HELOC against my old house which I planned to sell shortly to pay off HELOC. I could not sell my old house so I am using it as rental property now. I want to convert HELOC into fixed rate secondary mortgage. If I convert HELOC into fixed rate mortgage, when I sell my rental property will the money from sale be transferred to my primary mortgage company without lump sum distribution to avoid tax penalty?

Thank you

Adrian

Snowtime asked:


Has anyone else experienced Quicken Loans. This is the first time we have not delt with the “local banker” and we’re nervous about the closing over the phone/internet thing.

Marcia