What if I want to refinance my first trust in the future? Will the county subordinate the DPCC loan?

Subordinations for refinance will be considered if you will not be receiving any cash out in the transaction. All subordinations are subject to Loan Committee approval. The county will not approve subordinations for Home Equity Loans or HELOCs. In these cases (or in the case of default), the remaining DPCC balance must be paid in full.

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1. What if I want to refinance in the future to get a lower rate?
2. What happens next? When do I have to start making loan payments?
3. I may be able to pay off my loan early. Is there a pre-payment penalty?
4. What if I want to refinance my first trust in the future? Will the county subordinate the DPCC loan?