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Do I need to obtain approval from MassHousing prior to getting a Home Equity Loan or Line of Credit?

April 26, 2017Approval home equity line of credit loan masshousing obtain prior

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Do I need to obtain approval from MassHousing prior to getting a Home Equity Loan or Line of Credit?

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No, it is not necessary to obtain approval from MassHousing in order to obtain a Home Equity Loan or Line of Credit, either of which would be secured by a lien that is junior to MassHousing’s mortgage.