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Updated about 5 years ago,

User Stats

25
Posts
3
Votes
Jim Haney
  • Redmond, OR
3
Votes |
25
Posts

Counting to 10 - the "Loan Limit"

Jim Haney
  • Redmond, OR
Posted

Could someone help me with the definition of the 10 loan limit? I have a 30-year loan and a HELOC on my primary residence. For my rentals, I have a HELOC on one property that is otherwise paid off, and then three 30-year loans on three other properties. Does that mean that I have 4 loans towards my limit (only the 30-year loans), or 6 (counting the HELOCs) when it comes to getting to the 10 loan limit?

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