The article mentions some borrowers who hit the cap before July might still be able to borrow under certain circumstances, but it’s pretty unclear what exactly those are. I’d call your loan servicer directly – they should have access to your specific account details and can tell you if you still have borrowing eligibility. The whole rollout of this has been confusing as hell.
Slowhand1971 on
if you’re already above $257K, you shouldn’t be borrowing any more anyway.
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The article mentions some borrowers who hit the cap before July might still be able to borrow under certain circumstances, but it’s pretty unclear what exactly those are. I’d call your loan servicer directly – they should have access to your specific account details and can tell you if you still have borrowing eligibility. The whole rollout of this has been confusing as hell.
if you’re already above $257K, you shouldn’t be borrowing any more anyway.