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2. What is the draw period on a HELOC and how does it work? - AOL

   www.aol.com/finance/draw-period-heloc-does...

   Unlike a credit card, however, a HELOC includes two main phases: the draw period and the repayment period. Combined, these two periods can last up to 30 years. The HELOC draw period is the first ...

3. How does a fixed-rate HELOC work? - AOL

   www.aol.com/finance/does-fixed-rate-heloc...

   Generally, the terms — length of draw period and repayment period — are the same on both types of HELOCs. However, the fixed-rate variety might impose limits on borrowing that you won’t have ...

4. How to shop for a HELOC: 10 ways to get the best HELOC rate - AOL

   www.aol.com/finance/shop-heloc-10-ways-best...

   For example, on a $50,000 HELOC, your monthly payment would be around $559, assuming a 9.17 percent variable APR, a 10-year draw period, and 20 20-year repayment period.

5. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage).

6. How a HELOC can advance your business - AOL

   www.aol.com/finance/heloc-advance-business...

   What is the draw period on a HELOC?The draw period on a HELOC is the time frame when you can access funds and are only required to make interest payments. The standard draw period on a HELOC is 10 ...

7. What to know about HELOC prepayment penalties - AOL

   www.aol.com/finance/know-heloc-prepayment...

   During the draw period: The draw period of a HELOC is the time during which you can borrow from your credit line. It typically lasts between five to 10 years. It typically lasts between five to 10 ...