Refinancing with a HELOC? Conventional mortgage financing will allow you to keep your present HELOC and refinance your first mortgage.  The lender will use your actual monthly payment amount on the outstanding balance of your line of credit, to calculate your monthly debt obligation on that loan. If you would like to refinance your first mortgage and keep your HELOC, let’s talk and make a plan!

Related Article Title: Calculating a payment on a HELOC loan – Draw Amt. vs. Line Amount Question: My client has a HELOC which will remain open at closing. When calculating the payment on this line of credit for DTI purposes, should the payment be based on the full line amount or just the draw amount? […]

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