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gbedol
New Member

What dollar amount do i put in under Original loan balance for a HELOC loan? The balance or the amount that I can borrow up to?

 
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TomD8
Level 15

What dollar amount do i put in under Original loan balance for a HELOC loan? The balance or the amount that I can borrow up to?

It's your total line of credit - the amount you can borrow up to.  If you have a $100,000 HELOC, your original loan balance is $100,000 - even if you haven't yet drawn on it.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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