Will a medium to high debt to income ratio prevent me from refinancing my HELOC?
My HELOC payment is going to increase soon. The loan balance is $110,00 and my credit score is in the 750 range, I have a steady job but as I said a medium to high debt-to-income ratio. Can I avoid that payment increase?
Answers | 1
November 15, 2017
Asked by roger taylor
Asked by Charles Jones
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Based on the 2.5% rate of your HELOC, it appears to be PRIME -.75%, which is a pr...