The home equity line of credit repayment period is when you start repaying the money you borrowed. During this time, you'll make monthly payments toward your HELOC's principal and interest.

Compare your top home equity borrowing options online now.. 3 things to know about HELOC minimum draw requirements this May. Before you take out a HELOC this May, make sure you understand these ...

When you close on your HELOC, you won’t get a lump sum. Instead, you start the draw phase: a period of time during which you can borrow money from your line of credit whenever you like. Your ...

Some personal lines of credit come with a limited draw period during which you can withdraw funds, followed by a repayment period. For example, Fifth Third Bank offers an unsecured line of credit ...

Splash Financial is a lender marketplace offering HELOCs with credit lines as high as $500,000. However, for a credit line of ...

One of the most common minimum draw rules is the initial draw requirement. If this type of requirement is tied to your HELOC, your lender can require you to withdraw a specific amount of money as ...