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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Ability to Repay/Qualified Mortgage Rule Open Ended Loan (HELOC) maximum qualifying ratio
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#2163840 - 02/09/18 02:45 PM Open Ended Loan (HELOC) maximum qualifying ratio
Shih_Tzu_Lvr Offline
Member
Joined: Nov 2011
Posts: 86
Is there a maximum qualifying ration for open ended loans (HELOC)? Exceeds 50% DTI.

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Ability to Repay/Qualified Mortgage Rule
#2163844 - 02/09/18 02:57 PM Re: Open Ended Loan (HELOC) maximum qualifying ratio Shih_Tzu_Lvr
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Credit risk issue.
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#2163851 - 02/09/18 03:16 PM Re: Open Ended Loan (HELOC) maximum qualifying ratio Shih_Tzu_Lvr
Shih_Tzu_Lvr Offline
Member
Joined: Nov 2011
Posts: 86
agreed. however low LTV and significant liquid assets.

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