Frequent Contributor
Posts: 342
Registered: ‎04-21-2012
Re: Second Mortgage is "Non Mortgage Debt"?

Not only the CRAs but the banks themselves rate your credit as either installment or revovling.  My own bank told me that a HELOC is considered by them to be 65% revovling and 35% installment.  Some have a hard number instead of using a percentage as to the portion of it being revovling.