HML and Return Refinance?

[Robert Kirkley]

Hey everyone,

I was listening to a BP podcast where the guest said that they used a return refinance to turn their HML into a conventional loan. I listened to this a few days ago so I may have remembered that incorrectly, but up until then I didn't think something like that was possible. Could anyone explain what exactly that process is and if it is something to look into when using an HML or avoid altogether? Any clarification would be great, thank you!