After The HELOC Is Paid Off - Can It Be Kept Open As A Line Of Credit Perpetually

After The HELOC Is Paid Off - Can It Be Kept Open As A Line Of Credit Perpetually

Yes, one can keep the HELOC open until the draw period is over, then it will close unless something is still owed at which time time it turns into an amortization period. However, one should never have that occur but rather refinance into another HELOC.

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