The draw period is the initial phase of a home equity line of credit (HELOC), during which you can withdraw funds, up to your credit limit. The draw period typically lasts up to 10 years. During this ...

Thinking about tapping into your home equity? With a HELOC, you can borrow as needed and make interest-only payments for several years. This introductory phase, called the draw period, typically lasts ...

The run-up in home prices in recent years, combined with factors such as inflation and high interest rates, have caused some homeowners to tap into their home equity. In many cases, borrowing from ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. If you're considering a HELOC this March, understanding how the draw ...

As homes gain in value, their owners can take out loans against the equity they've built up in their respective properties. Home equity lines of credit, or HELOCs, can be a quick, easy source of ...

A home equity line of credit, or HELOC, is a loan that allows you to borrow against your home equity and unlock your equity as cash at a low interest rate. A HELOC is a revolving line of credit that ...

With home equity levels remaining high and property values holding strong or increasing in many markets, many homeowners are ...