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Updated over 4 years ago,

Simon Bloch's profile image
Simon Bloch's profile image
Simon Bloch
  • Investor
  • from Mountain View, CA
  • Member since Jul 17, 2016
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10
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5
Votes
Simon Bloch's profile image
Simon Bloch's profile image
Simon Bloch
  • Investor
  • from Mountain View, CA
  • Member since Jul 17, 2016
Connect
Simon Bloch
  • Investor
  • Mountain View, CA
5
Votes |
10
Posts
Private Lending & Conventional Mortgage Advice

Refinance of duplex stalling

Simon Bloch
  • Investor
  • Mountain View, CA
Posted

I am trying to refinance $970K for a duplex in Santa Clara county (Fannie/Freddie loan limits are $980,325 for two-unit properties) through a mortgage broker. The loan got approved and appraisal done a month ago on 2/24. The broker is telling me that all lenders have frozen lending due to market conditions. Is he telling the truth?

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