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 ...

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.

HELOCs, or home equity lines of credit, give homeowners a way to leverage the growing value of their house for anything from renovations to college tuition — and enjoy 10 years of interest-only ...

You’ll actually start repaying your HELOC before the repayment period. While a home equity line of credit (HELOC) is often compared to a credit card or second mortgage, its repayment structure is ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. And, that's hardly the only benefit of considering a HELOC right now.

A home equity line of credit (HELOC) can be a valuable tool for homeowners looking to leverage the equity in their homes. Whether you are planning a major renovation, consolidating debt or funding a ...

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 ...

The Federal Reserve held steady with no changes to the federal funds rate after its March meeting. Inflation and economic uncertainty led the Fed to maintain what's often used as a benchmark interest ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You have a home equity ...

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 ...

Affordable borrowing options can be hard to come by in today's high-rate landscape, but if you're a homeowner, you likely have at least a couple of low-rate options available to you via your home's ...