Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

15
Posts
14
Votes
Stephen Gibson Jr
  • New to Real Estate
  • South Jersey
14
Votes |
15
Posts

HELOC with zero balance

Stephen Gibson Jr
  • New to Real Estate
  • South Jersey
Posted

Hey everybody, 

I'm considering getting a HELOC to have some small repairs done on my primary residence.

If I were to say get a HELOC for 50k, use around 10k for these repairs and pay it off after a few months... when I go to get a mortage on a new property, would it impact me if it had already been paid off?

Or is it literally like a credit card, where they look at the actual balance or total line of credit?

Thanks

Loading replies...