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Question about refinancing

Going through the refinancing process and they sent a disclosure about it going from a home equity loan to being a non home equity loan. I have a traditional mortgage and am refinancing to get a lower rate. Is this language about the home equity loan correct? That is, is this typical? The home equity loans seemed to have more protections so I’m half wondering if I should take out some equity to get these protections (e.g. must go through court to foreclose).

submitted by /u/Volume-Straight
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source https://www.reddit.com/r/RealEstate/comments/rnrdz8/question_about_refinancing/
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