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Interest rate difference in 1st mortgage vs 2nd
I just applied for a home equity loan and was given their rate for a 2nd mortgage. Turns out a bank placed a lien on our home for a loan for solar panels a few years ago. the home is paid for and there is no mortgage. Does it matter that the 1st lien holder only holds a loan for less than 15% of our property value? Will all lenders charge a higher 2nd mortgage rate?

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