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 ...

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 ...

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 ...

If managed properly, the HELOC draw period can set you up for financial success. A home equity line of credit (HELOC) allows you to borrow capital against the equity that you have built in your home.

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 ...

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 ...