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Updated about 2 years ago,

Ethan Griffel's profile image
Ethan Griffel's profile image
Ethan Griffel
  • from Billings, MT
  • Member since Aug 12, 2021
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51
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11
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Ethan Griffel's profile image
Ethan Griffel's profile image
Ethan Griffel
  • from Billings, MT
  • Member since Aug 12, 2021
Connect
Ethan Griffel
  • Billings, MT
11
Votes |
51
Posts
General Real Estate Investing

HELOC on investment

Ethan Griffel
  • Billings, MT
Posted

I currently have a HELOC with an outstanding balance on my primary residence. I'm curious if I were to move out of that house but keep it as a long term rental would I be required to close that HELOC? I know most banks don't allow HELOCs on investment properties which I assume it would become classified as in this situation.

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