Converting from HELOC to conventional mortgage

[Alex Stepanov]

Greetings everyone!

We have a borrower with HELOC on hands and the loan matures in about a year. The borrower would agree to modify the loan as long as the payment stays roughly the same but I am not sure if such modification would be allowed - switching from LOC to a fixed mortgage? Would it be considered "mod" or origination of a new loan? Any advice is very much appreciated.

Cheers
Alex