HELOC instead of a home mortgage

[albinotiger]

I have a paid in full mortgage but a $100000 credit line that i owe about 95,000-.... is that hurting my score worse than if it was a conventioal type mortgage?..this does not effect the credit card utl, ,, but it must be hurting some ult at 95%.. correct?

[llecs]

With a limit that high, your FICO scores view it as an installment. 95% isn't bad, interest aside.

[pmbrian]

Do installement loans factor into credit score (form a utilization standpoint) - I have a heloc that is like 600 over the limit and is around $112k, if I bring that down under the $111,600 limit, will that improve my credit score.

I am currently at a 732 EQ FICO (Purchased from here).

All other credit cards are paid off, all other loans on time with no baddies within 36 months.

[llecs]

A HELOC or LOC at that amount is scored as installment. I don't think FICO dings for being over the limit because they ignore the limit on amounts like that.