Posted 3/1/2024 06:44 (#10646358 - in reply to #10646264) Subject: RE: Doesn't sound good if this is true.
Depends if the 4% loan needs to be stretched for cashflow purposes and if the mortgage was closed end. If both answers are no, then leave that 4% loan in place and lender has no reason to say otherwise.
Edit: for clarity, it would need to be an on balance sheet (non secondary market mtg) and open end.