HELOC on primary residence

[Ethan Griffel]

Hello all! I have a question regarding an open HELOC on my primary residence with an outstanding balance. I am considering buying a new home to be my primary residence but would like to keep the current one as a LTR. Does anyone know how that would effect the open HELOC? Would I be required to pay it off because the house would now be an "investment property" and most banks don't like to do HELOCs on those? I'm planning on reaching out to my loan officer as well. Just curious people's thoughts or if they have delt with this before. Thanks!

[Kerry Baird]

We had a similar situation with our old house.  We called our lender and they just kept it open.