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Updated almost 7 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Tristan Rynning
  • Seattle, WA
3
Votes |
12
Posts

HELOC - harmful to debt to income ratio?

Tristan Rynning
  • Seattle, WA
Posted
BP- I️ am opening another HELOC on a property this week and was wondering if the loan brokers out there can help me understand exactly how this is effectively counted “against” me in acquiring a new loan for the next property. - Does the entire payment count against my Debt to income ratio? Even if I️ am not using all or even part of the line? - How can I️ maintain the most favorable position for a property loan in the future but continue to utilize equity ? Thanks all!

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