![Tristan Rynning's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/920581/1621505574-avatar-tristanr11.jpg?twic=v1/output=image/crop=465x465@0x54/cover=128x128&v=2)
HELOC - harmful to debt to income ratio?
BP-
I️ am opening another HELOC on a property this week and was wondering if the loan brokers out there can help me understand exactly how this is effectively counted “against” me in acquiring a new loan for the next property.
- Does the entire payment count against my Debt to income ratio? Even if I️ am not using all or even part of the line?
- How can I️ maintain the most favorable position for a property loan in the future but continue to utilize equity ?
Thanks all!