托老，科普一下HELOC把 - 未名空间(mitbbs.com)

上次在另外一个thread里问了一下，无人理睬 :-( 这里专门问问托老：
: 我现在没有第二贷款，所以近来主要是关注refi的问题。开heloc对信用分数有影响吗
: ？对以后做refi有影响吗？

Every time you apply for a loan, you will need to go through credit checks,
that will cause your credit to drop a bit, not a lot. That's also why you
should not give out your info to too many loan agents to check and compare
rates, because they need to run credit checks to get the exact rate for you.
Having a HELOC does not prevent you from getting a refi. But if you want to
roll the HELOC into your 1st loan when you refi, you need to pay attention
to a couple of details:
When you get the HELOC, make sure you don't pay closing costs and pts etc.
And know the terms for HELOC termination. There may be a "prepayment fee"
for you to close the HELOC within a certain period of time. For example, it'
s about $700 for HSBC to terminate a HELOC within 3 years.

: 是不是可以用它来还第一个贷款？比如贷款利率是6%，heloc是5%的情况。

Yes.

: 另外，一旦你开始从里面借钱了，是不是每个月会有一个账单，而且每月的利率
: 都可能不一样？

Yes, you will get monthly statement just like your primary loan, except it's
interest only whereas your primary loan is P&I (Principle+Interest). The
rate will fluctuate along with the Prime Rate.