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Updated 11 months ago,

User Stats

79
Posts
21
Votes
James Kim
Pro Member
  • Investor
  • Los Angeles
21
Votes |
79
Posts

Loan fees higher after four conventional loans?

James Kim
Pro Member
  • Investor
  • Los Angeles
Posted

Hello,

I've heard the 10 mortgage cap on conventional loans but today I was told by a friend that after 4 conventional loans under your name the fees or cost of conventional loans increases. Is that true?

When I questioned it he said it happened to him so he had to consolidate 2 loans to avoid the higher fees. My friend is in CA but I cannot imagine it to be a CA thing.

Thank you in advance!

James

  • James Kim
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