Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011
Re: Home Equity Line of Credit question....

If you take out a HELOC on your home and borrow the full amount of the HELOC, then it will report on your credit as a maxed out credit card.  This can be problematic because it will make your scores drop. I would fully investigate the effects that the HELOC will have on your FICOs before you pull the trigger.


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