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Updated almost 5 years ago on .

User Stats

15
Posts
6
Votes
Dan B.
  • San Diego, ca
6
Votes |
15
Posts

Credit limit increase on a HELOC

Dan B.
  • San Diego, ca
Posted

How quickly could one request a credit increase to a HELOC?

For some background, I secured a HELOC, just a few months ago, against a rental property. I threw a large chunk of $$ at the principal, about the same amount as the HELOC. My question is what's a good rule of thumb for when I can ask the bank for a credit increase since the LTV is a much different amount than when I first got the HELOC?