6 conventional loans change?

[Aileen Yu]

Hi All,

I was under the assumptions most banks allow 6 conventional loans. I talked to a lender the other day that said they're "cracking down" on that and that if my property goes from being a primary to a rented space (investment) i'd need to refi to a invesment loan.

I would think the bank is responsible for controlling the type of loan since they do their due dillegence of checking my DTI and the first existing loan should show up.

Has anyone else heard about this?

Can I get in tax or other gov trouble for having multiple conventional loans? How do i get over the anxiety of being a new investor and balancing following the "rules" vs. guidelines?