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#2163840 - 02/09/18 02:45 PM Open Ended Loan (HELOC) maximum qualifying ratio
Shih_Tzu_Lvr Offline
Member

Registered: 11/30/11
Posts: 70
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 [Re: Shih_Tzu_Lvr]
rlcarey Online
10K Club

Registered: 07/16/01
Posts: 68582
Loc: Galveston, TX
Credit risk issue.
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#2163851 - 02/09/18 03:16 PM Re: Open Ended Loan (HELOC) maximum qualifying ratio [Re: Shih_Tzu_Lvr]
Shih_Tzu_Lvr Offline
Member

Registered: 11/30/11
Posts: 70
agreed. however low LTV and significant liquid assets.

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