HELOC primary residence then move?

[Gregory Cudzilo]

If I have a HELOC on my primary residence, but decide to move to a new primary residence and turn my old one (The HELOC one) into a rental...are there any issues with that? Does that HELOC remain in place for the predetermined 10 year draw period and 20 year payback?

[Sanat Bhandari]

@Gregory Cudzilo Banks only care about them getting their payments, not what you do afterwards (they care on paper but not really) 

The HELOC would stay in place till its duration. Keep in mind though that if/when you try to refinance the HELOC, the bank may try to switch you to a CLOC (Commercial Line of Credit) which has a higher rate and not as favorable terms