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Home equity line of credit

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vanillabean
Valued Contributor

Home equity line of credit

When you get a HELOC, does the util start out being zero?

 

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takeshi74
Senior Contributor

Re: Home equity line of credit

From what I understand it depends on the balance when it first reports.  It is possible to open a HELOC with an initial draw at opening in which case the utilization would not be 0.

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