How can we help?

Popular Keyword Searches: Payment, Payoff, Documents, Credit, Application, Returns, Performance, Risk, Investing

Previous

Can I still draw on my Home Equity Line of Credit during the "repayment period?"

During the repayment period, you can no longer draw on your line, and you must start paying back any outstanding balance plus interest. Your repayment period may last up to 15 years. 

 

Please note that paying the minimum monthly amount may not fully repay the outstanding principal on your HELOC. Once the repayment period ends, any unpaid balance, interest, and fees must be paid in one final balloon payment.   

Was this article helpful?