If I pay off a HELOC balance in full, is there a chance my lender will close the credit line? I want to pay off my debt (which is subject to a variable interest rate and thus is becoming more expensive to service) with free cash, but I don’t want to lose access to the credit facility.

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Impossible to say without knowing more of the loan terms. Talk to your lender.

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What stops you from getting another heloc? BTW getting a variable heloc means you are being had. Get a different bank that doesn't screw you.

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Thanks. I didn’t know you could get a fixed rate HELOC.

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