Go Back To Search Results Question Can I transfer an existing home equity loan, attached to my current residence to a new residence? I took a home equity loan out a while ago and in this market, my equity has dropped considerably. If I were to sell my home, I could pay off my 1st mortgage, but I'd still have a balance of about $30,000-$50,000 on the 2nd mortgage. Do lenders transfer 2nd mortgages to a new home? By Love Posted on 08/22/09 Total Answers 1 Answers- simple answer: no. especially in this financial climate. you would have to satisfy all liens on the first home when you sold it, which includes the 2nd mortgage. otherwise, the title is not clear and the deal will not go through. Answer by : infinite crisis 247 On Date 2009-08-22 07:48:01 you can't transfer. but you could take out a 2nd mortgage or equity loan on the new home, and use that to pay off the first one Answer by : webjnke1 On Date 2009-08-22 07:52:28 Hello are you looking for a loan and you have bad credit are you looking for home loan or a car loan,i know of a man that can help you his name is Mr Maurice Tyson you can contact him via maurice_tysonsloans@live.com he is a nice man and i know he can help you actualise your financial needs. Answer by : Hanna On Date 2009-08-22 19:52:22   Go Back To Search Results