[quote=moneymaker]Yes the second is a HELOC, it was to purchase solar, so if it costs $250 to subordinate or $500 for ETF I guess the difference is kinda small. I was hoping to not have to pay anything like most people. I guess if I don’t like the final mortgage contract I can spin the interest rate wheel and hope we go down even more. Thanks all for your input, it is stuff like this that needs to be taught to our high school kids before they graduate. I don’t regret buying solar or refinancing twice but I’ll have to admit I didn’t see this coming, who knows it may not be a problem at all. By the way HLS the loan people have not brought it up but we all know how they like to spring things on us at last minute, we have been conditionally approved and are at the underwriting/funding stage.[/quote]

I don’t make a habit of ‘springing things on people at the last minute’ I ask before I lock a loan if they have a 2nd, HELOC or solar lien. I don’t like surprises any more than anyone else.
It could affect the accurate pricing and /or ability to qualify for a loan.

A subordination will normally not cause a problem; just a cost and time to get approved. Cash out to pay it off can cost a whole lot of money in the long run due to a higher rate.

Why would anyone ever regret refinancing ?? (if it was to a lower rate at no cost) Conditional (initial) approvals are the easy basic part, it could still be 2-3 weeks to get to the funding stage.
(Underwriting & funding are not the same thing) How long has it been since you locked your pricing ?

I don’t care who you are dealing with but it sounds like you are hoping your HELOC is just not a big deal and they’re going to let it slide. I’d love to hear more about the progress of your refi, if you care to share. Something just doesn’t sound right.

You are correct that you are under no obligation to sign the loan docs if you aren’t happy for ANY reason. No explanation is required.