Home equity line of credit end-of-draw options

We want to make sure you do what's best for you. Begin learning about your end-of-draw options now before you approach your repayment period and find the option that is right for you. We’ve outlined some key things to help you understand the details of a home equity line of credit and get you started.

Option 1: Repayment Period

At the end of your draw period your account will rollover into the repayment period automatically. For detailed information on how this will affect your payment, you can learn more in our payment section.

Once your account rolls over into the repayment period, you will no longer have access to your available funds and will be required to make principal & interest payments towards your outstanding balance, typically as monthly payments.

Tip: If you need access to the equity in your home, you still have the option to refinance into a new HELOC once you have entered into the repayment period.

Option 2: Refinance

Refinancing to a new HELOC may be an option to lower your monthly payment or pay off your loan sooner.

Option 3: Pay-Off

For detailed information on how to complete the payoff process and to access required forms, please review our closing your account section.

If you need additional information or have questions pertaining to your end-of-draw options, please call us at 1-800-836-5656. We accept operator relay calls.

Option 4: Cash-Out Refinance

A cash-out refinance can help you access the equity in your home.