Comments on: Conforming Loan Limits for Dummies (meaning me)

By: DR

DR — Thu, 29 Sep 2011 10:11:56 +0000

John, as a real estate investor, I’ve run into a similar problem. In fact, I’ve seen it where you can refi at all if your home has been on the market in the past 12 months. However, I’ve never heard it affect a HELOC before.

By: John Tatum

John Tatum — Mon, 26 Sep 2011 20:22:04 +0000

I was in process of a refi w/lender who just last week relayed to me that because I didn’t have my house off the market for 6 months at least, then the lender was restrained by Fannie Mae to forego including a HELOC, which I was attempting to merge with my lst TD and re fi both; so then the fed agency injected the 6 mo. req’t into the mill refusing to refi both; When I made application to lender, both were o.k.; withdrew my house from mkt. and all was proceeding perfectly until the FED action was imposed; thereby allowing the lst TD to be done, but not the HELOC??? Any response? Had a 4.25 rate vs. existing 5.85% previously….Thanks

By: Cheapskate Sandy

Cheapskate Sandy — Sun, 11 Oct 2009 00:37:26 +0000

It all seems very confusing to me, and I just refinanced a loan! Good luck and I hope you can get a better rate when you have more equity in the home.