Little Known FHA Secret

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Here is a little known aspect of FHA mortgages that can be a life saver in times like today:

On a refinance, subordinate financing (i.e. 2nd mortgages and home equity lines) may remain in place, but must remain subordinate to the new FHA first lien currently being financed. The combined-loan–to–value (CLTV) is not restricted, provided the borrower qualifies to make all scheduled payments on all liens.