All Forum Posts by: Joshua P Chapman

THanks Chris

Does it have a little negative result, or not really.

I expect it probably pushes the score down a few points (like maybe 4-5) at first, but after a few months of on time payments it probably rebounds pretty well. Is that what happens?

Is the result any worse than if I just refi and pull as much cash out as possible on a property with a conventional loan?

Or more specifically, is there a difference on my credit score between a 70k heloc maxed out vs. the same 70k in a cash out refi. The total debt is the same, for the sake of this discussion the closing costs are the same and the rate is the same.

Will one loan hurt my credit and the other help?

If I max out my HELOC will it mess up my credit score? Please respond with facts and experience, not your estimations or opinion.