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Updated over 11 years ago on . Most recent reply

Gustavo Gonzalez's profile image
Gustavo Gonzalez's profile image
Gustavo Gonzalez
  • from North Hollywood, California
  • Member since Sep 21, 2012

User Stats

34
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3
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Gustavo Gonzalez's profile image
Gustavo Gonzalez's profile image
Gustavo Gonzalez
  • from North Hollywood, California
  • Member since Sep 21, 2012
Gustavo Gonzalez
  • North Hollywood, CA
3
Votes |
34
Posts
Private Lending & Conventional Mortgage Advice

New Rules on Jumbo Loans

Gustavo Gonzalez
  • North Hollywood, CA
Posted

Hi All:

I currently own 4 investment properties and my owner occupied home loan making a total of 5 mortgages. I am looking to purchase a new home. My lender has informed me that there is a new regulation for jumbo loans that an individual can only have a total of 4 mortgages. I have been advised to decrease my loans to 3 now, in order to qualify for a 4th. The jumbo loan of course would be for my new owner occupied home. Thoughts?

Thanks

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