{"id":21913,"date":"2025-10-21T19:36:00","date_gmt":"2025-10-21T19:36:00","guid":{"rendered":"https:\/\/incredipros.com\/?p=21913"},"modified":"2025-10-21T19:36:01","modified_gmt":"2025-10-21T19:36:01","slug":"what-is-the-heloc-draw-period","status":"publish","type":"post","link":"https:\/\/incredipros.com\/?p=21913","title":{"rendered":"What Is The HELOC Draw Period?"},"content":{"rendered":"<div id=\"\">\n<div class=\"overflow-hidden relative bg-blue-50 aspect-video w-full rounded-lg\"><\/div>\n<p>\n            Images by GettyImages; Illustration by Hunter Newton\/Bankrate\n        <\/p>\n<\/p><\/div>\n<div>\n<div id=\"block_7da279309893bcb732dc770475ef1052\" class=\"key-takeaways sm:border-l-4 border-(--accent) sm:pl-8 my-8 relative\" style=\"--accent: var(--color-blue-medium)\">\n    <!-- htmlmin:ignore --><\/p>\n<h2 class=\"heading-4 mt-0 mb-4 text-crop-none max-sm:flex max-sm:items-center max-sm:gap-4\" id=\"key-takeaways\" data-position=\"0\" data-beam-element-viewed=\"\" data-id=\"br-h2-0-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Key takeaways\" data-outcome=\"\">\n    <span class=\"shrink-0\">Key takeaways<\/span><br \/>\n        <span class=\"max-sm:h-0.5 max-sm:w-full max-sm:w-full max-sm:bg-(--accent) max-sm:rounded-full max-sm:block\"\/><br \/>\n    <\/h2>\n<p>    <!-- htmlmin:ignore --><\/p>\n<ul class=\"flex flex-col text-gray-700 mb-0 gap-2 list-disc\">\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            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.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            The draw period typically lasts up to 10 years. During this time, you\u2019re usually required only to pay interest on what you borrow.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            At the end of the draw period, you\u2019ll begin repaying what you borrowed plus any outstanding interest.\n                                                <\/li>\n<\/ul>\n<\/div>\n<h2 id=\"draw-period\" data-position=\"1\" data-beam-element-viewed=\"\" data-id=\"br-h2-1-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"What is the HELOC draw period?\" data-outcome=\"\">What is the HELOC draw period?<\/h2>\n<p>A home equity line of credit (HELOC) is a financing tool that converts your home\u2019s equity into money you can spend. It works similarly to a credit card: You can borrow as needed up to an approved limit, which is based on the amount of equity you have in your home.<\/p>\n<p>Unlike a credit card, however, a HELOC includes two main phases. The draw period is the first phase of the loan. During this time, you can borrow up to the limit, pay it back and then borrow more money as many times as you want until the draw period ends. That said, you\u2019re typically not required to repay everything you borrowed during the draw period; often you\u2019ll only need to pay interest.<\/p>\n<p>HELOCs often have variable rates. Some come with a lower introductory rate for a period of time, such as six months. And some HELOC lenders allow you to convert some or all of your balance to a fixed rate.<\/p>\n<div class=\"Callout flex flex-col gap-y-6 border-4 border-solid border-blue-100 rounded-lg py-8 px-6 md:px-10 mt-8 mb-16\">\n            <!-- htmlmin:ignore --><\/p>\n<h3 class=\"heading-3 my-0 text-crop-none text-blue-700\">\n    10 years<br \/>\n    <\/h3>\n<p>    <!-- htmlmin:ignore --><\/p>\n<p>\n        The typical length of a HELOC draw period. Some draw periods can be as short as three or five years. In contrast, the HELOC repayment period is much longer, lasting up to 20 years.<\/p>\n<\/p><\/div>\n<h3 id=\"how-it-works\">HELOC draw period example<\/h3>\n<p>Let\u2019s say you establish a $30,000 line of credit, and you take out $20,000 at a 9 percent interest rate to remodel your kitchen. During the draw period, you\u2019re only required to pay the monthly interest on the amount you borrow, or $150 in this scenario.<\/p>\n<p>What if your kitchen remodel goes over budget? If you\u2019re still in the draw period, you can borrow more money up to the limit. If you borrowed another $5,000, for example, your minimum monthly payments would rise to $187.50.<\/p>\n<p>While you\u2019re not usually required to pay back any principal during the draw period, it\u2019s smart to do so if you can. This will help you avoid borrowing more than you can afford to repay.<\/p>\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n<div class=\"card-body border-l-4 border-blue-800\">\n<div class=\"content-wrapper\">\n<p>\n                    How to use HELOC funds\n                <\/p>\n<div class=\"content wysiwyg wysiwyg--flush\">\n<p>HELOCs are ideal for projects with an indeterminate final cost or longer time frames. Many people use them for home improvement projects, but you can also use one to fund education or act as an emergency fund, among other things. The best uses for HELOC funds improve your financial profile. Avoid using the money to pay for discretionary trips or luxury goods.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<h2 id=\"repayment-period\" data-position=\"2\" data-beam-element-viewed=\"\" data-id=\"br-h2-2-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"What is the HELOC repayment period?\" data-outcome=\"\">What is the HELOC repayment period?<\/h2>\n<p>Once the draw period is over, the HELOC will transition to the repayment period. At this point, you can\u2019t borrow against the line of credit anymore. You\u2019ll make monthly payments that include both principal and interest, over a set term, often as long as 20 years.<\/p>\n<p>You can pay off a HELOC prior to the end of the draw period, but beware of early repayment penalty charges. If your HELOC balance is already at zero at the end of the draw period, the account typically closes automatically.<\/p>\n<div class=\"TipBox flex sm:items-center gap-6 sm:gap-7 md:gap-8 mx-2 sm:mx-8 mb-8\">\n    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"TipBox-icon Icon icon-offset-blue-200 text-gray-900 icon-highlight-blue-600 mt-4 sm:-mt-4 md:-mt-1\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Lightbulb Icon<\/title>\n<path d=\"M10.725 18.804c.22 2.389 1.25 4.196 2.486 4.196 1.243 0 2.277-1.825 2.49-4.23a.66.66 0 0 0 .08-.318c0-.667.458-1.22 1.042-1.918l.013-.015c.787-.949 1.764-2.125 1.764-4.025C18.6 9.844 16.429 7 13.2 7c-3.23 0-5.4 2.837-5.4 5.486 0 1.918.979 3.105 1.768 4.056l.028.033c.563.683 1.007 1.221 1.022 1.885.003.13.042.247.107.344Z\" fill=\"transparent\" class=\"icon-offset\"\/><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M12 4.386a.698.698 0 0 1-.692-.7V1.7c0-.385.311-.7.692-.7.38 0 .692.315.692.7v1.986c0 .385-.312.7-.692.7Zm-5.557 2.32h.005-.01.005Zm.489-.202a.674.674 0 0 1-.489.202.728.728 0 0 1-.488-.202l-1.384-1.4a.708.708 0 0 1 0-.988.689.689 0 0 1 .977 0l1.384 1.4a.708.708 0 0 1 0 .988Zm6.529 11.454c0 .385.311.7.692.7v.009c.38 0 .692-.315.692-.7 0-.718.501-1.313 1.141-2.065l.014-.016c.863-1.021 1.932-2.287 1.932-4.333 0-2.852-2.378-5.915-5.916-5.915-3.537 0-5.916 3.054-5.916 5.906 0 2.065 1.073 3.343 1.938 4.367l.03.036c.617.735 1.103 1.314 1.12 2.029.009.385.32.673.71.682.38-.009.674-.332.674-.717-.026-1.225-.761-2.1-1.479-2.95-.83-.98-1.609-1.907-1.609-3.455 0-2.18 1.825-4.507 4.532-4.507 2.708 0 4.533 2.337 4.533 4.515 0 1.526-.807 2.484-1.587 3.412l-.022.027-.008.01c-.724.854-1.471 1.736-1.471 2.965Zm-.008-4.051-.744.752v2.774c0 .385-.312.7-.692.7a.698.698 0 0 1-.692-.7v-2.774l-.796-.805a.708.708 0 0 1 0-.988.688.688 0 0 1 .978 0l.51.516.458-.464a.688.688 0 0 1 .978 0 .708.708 0 0 1 0 .989ZM2.192 12.322h1.955c.38 0 .692-.314.692-.7 0-.384-.312-.7-.692-.7H2.192a.698.698 0 0 0-.692.7c0 .386.311.7.692.7Zm11.84 8.252h-3.918a.698.698 0 0 1-.692-.7c0-.385.311-.7.692-.7h3.918c.38 0 .692.315.692.7 0 .385-.312.7-.692.7Zm-3 1.986h1.963c.38 0 .692-.315.692-.7 0-.385-.312-.7-.692-.7H11.03a.698.698 0 0 0-.692.7c0 .385.312.7.692.7Zm10.776-10.237h-1.955a.698.698 0 0 1-.692-.7c0-.385.312-.7.692-.7h1.955c.38 0 .692.315.692.7 0 .385-.311.7-.692.7Zm-4.259-5.617a.33.33 0 0 0 .003 0h-.008.005Zm-.49-.202c.138.13.31.2.49.202a.674.674 0 0 0 .488-.202l1.384-1.4a.708.708 0 0 0 0-.988.689.689 0 0 0-.978 0l-1.384 1.4a.708.708 0 0 0 0 .988Z\" class=\"icon-base\"\/><\/svg>    <\/p>\n<p class=\"w-full mb-0\">\n        <strong class=\"font-bold\"><br \/>\n            Bankrate\u2019s take:<br \/>\n        <\/strong><br \/>\n        Do the math and see if paying off the balance at the end of the draw period \u2014 even if it incurs a fee \u2014 still saves you money compared to paying interest over the life of the loan.\n    <\/p>\n<\/div>\n<p>Remember that your HELOC\u2019s interest rate is typically variable, so your payments could increase from month to month.<\/p>\n<h3>How are payments during the repayment period calculated?<\/h3>\n<p>Once you enter the repayment period, your HELOC payments are calculated on an amortization schedule identical to what\u2019s used for regular mortgages.<\/p>\n<p>Say you owe $25,000 on your HELOC, your interest rate is 9 percent, and your repayment schedule is 10 years. In that case, your principal and interest would be $317 a month.<\/p>\n<p>HELOCs have fluctuating interest rates, however. If your rate rises to 10 percent, your payment would climb to $330 a month. Here\u2019s a breakdown of how monthly payments on a $25,000 HELOC balance could vary:<\/p>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table has-fixed-layout wrapped\">\n<thead>\n<tr>\n<th>Repayment period<\/th>\n<th>Interest rate<\/th>\n<th>Monthly payment<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>10 years<\/td>\n<td>9%<\/td>\n<td>$317<\/td>\n<\/tr>\n<tr>\n<td>10 years<\/td>\n<td>11%<\/td>\n<td>$344<\/td>\n<\/tr>\n<tr>\n<td>15 years<\/td>\n<td>9%<\/td>\n<td>$254<\/td>\n<\/tr>\n<tr>\n<td>15 years<\/td>\n<td>11%<\/td>\n<td>$284<\/td>\n<\/tr>\n<tr>\n<td>20 years<\/td>\n<td>9%<\/td>\n<td>$225<\/td>\n<\/tr>\n<tr>\n<td>20 years<\/td>\n<td>11%<\/td>\n<td>$258<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3>What to do before your HELOC draw period ends<\/h3>\n<p>The draw period termination date of your HELOC is typically listed on your monthly statement. Most lenders notify clients at least six months before the end of their draw period as well.<\/p>\n<p>Jon Giles, head of home lending strategy and support at TD Bank, recommends reaching out to your lender to ask:<\/p>\n<ul class=\"wp-block-list\">\n<li>When will the loan move into repayment?<\/li>\n<li>Will the interest rate reset entering the repayment phase?<\/li>\n<li>Will my repayment interest rate be fixed or variable?<\/li>\n<li>What is the change in payment per month?<\/li>\n<\/ul>\n<h2 id=\"other-repayment-methods\" data-position=\"3\" data-beam-element-viewed=\"\" data-id=\"br-h2-3-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"What to do when the HELOC draw period ends\" data-outcome=\"\">What to do when the HELOC draw period ends<\/h2>\n<p>If you think you might not be able to cover your monthly bill during the repayment period, there are a few ways to refinance your HELOC:<\/p>\n<ul class=\"wp-block-list\">\n<li>\n<strong>Open a new HELOC. <\/strong>Some lenders allow you to open a new HELOC and roll over some or all of the old one\u2019s balance. You\u2019ll have to pay interest on the balance, but you\u2019ll be back in the line of credit\u2019s draw period, meaning you can avoid principal payments. While this delays the inevitable, starting a new line of credit might give you breathing room to build income.<\/li>\n<li>\n<strong>Pay your HELOC off with a home equity loan. <\/strong>Though it also draws on your equity, a home equity loan differs from a line of credit: It pays the money out in one lump sum, which you immediately start repaying at a fixed interest rate. If you go this route, keep in mind that you might increase the amount you pay in interest overall.<\/li>\n<li>\n<strong>Refinance your HELOC and mortgage into a new loan. <\/strong>Now that interest rates seem to be on the decline, you might consider refinancing: rolling both your credit line and your mortgage together into a new mortgage. This is a more cumbersome option, but it could be a good way to streamline all your debt into a single, big loan. If you can afford it, consider making it a 15-year or 20-year mortgage to reduce the total number of interest payments.<\/li>\n<li>\n<strong>Explore a cash-out refinance.<\/strong> Cash-out refinancing is the process of taking out a new mortgage for more than you currently owe on your home and receiving the difference in cash. You can use that extra money to pay off your HELOC balance. A cash-out refinance typically only makes sense if you can get a lower interest rate.<\/li>\n<li>\n<strong>Take out a personal loan. <\/strong>If you qualify for a large enough personal loan, you can use it to refinance your HELOC. This option is best reserved for borrowers whose excellent credit will score them a favorable rate. Otherwise, you\u2019re simply swapping one debt load for a costlier one.<\/li>\n<\/ul>\n<h2 id=\"faq\" data-position=\"4\" data-beam-element-viewed=\"\" data-id=\"br-h2-4-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"FAQ\" data-outcome=\"\">FAQ<\/h2>\n<ul class=\"Accordion w-full align\">\n<li x-id=\"['panel-accordion-item-0', 'heading-accordion-item-0']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-accordion-item-0')\" :aria-controls=\"$id('panel-accordion-item-0')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    How frequently can my HELOC interest rate change?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Caret Down Icon<\/title>\n<path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-accordion-item-0')\" :aria-labelledby=\"$id('heading-accordion-item-0')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<p>\n            Your rate can change as often as monthly. The details are spelled out in the terms of your HELOC agreement. Some lenders offer fixed rates for an introductory period of up to a year, and your rate typically has a lifetime cap.\n        <\/p>\n<\/div>\n<\/li>\n<li x-id=\"['panel-accordion-item-1', 'heading-accordion-item-1']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-accordion-item-1')\" :aria-controls=\"$id('panel-accordion-item-1')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    What happens if I don\u2019t pay off my HELOC?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Caret Down Icon<\/title>\n<path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-accordion-item-1')\" :aria-labelledby=\"$id('heading-accordion-item-1')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<div class=\"Accordion-content text-gray-700 px-3 pb-4 sm:px-6 sm:pb-6\">\n            If you can\u2019t repay your HELOC, you could face foreclosure \u2013 a legal process in which the lender takes possession of your house as compensation for you defaulting on the debt. It\u2019s one of the downsides to financing that\u2019s secured by your home.\n        <\/div>\n<\/div>\n<\/li>\n<\/ul>\n<p><i>Additional reporting by Mia Taylor<\/i><\/p>\n<div class=\"HelpfulCTA mx-auto flex flex-col items-center gap-6 my-6 max-w-108 py-12 text-base border-y border-gray-200\" data-helpful-cta=\"\" data-beam-element-viewed=\"\" id=\"did-you-find-this-helpful\" data-type=\"cta\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Did you find this page helpful?\">\n<div class=\"HelpfulCTA-initial w-full flex flex-col items-center gap-4\" data-cta-initial=\"\">\n<div class=\"HelpfulCTA-question text-lg font-bold text-center text-gray-900\">\n            Did you find this page helpful?<\/p>\n<div id=\"GA0DblAVzI\" class=\"hidden\">\n<div class=\"wysiwyg wysiwyg--sm wysiwyg--flush max-w-xs\">\n<p class=\"mb-6 text-base\">\n                            <strong class=\"block font-bold text-gray-900\">Why we ask for feedback<\/strong><br \/>\n                            Your feedback helps us improve our content and services. 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0-4.34-.548a3.843 3.843 0 0 1-1.722-2.248c-.29-1.033 0-2.13.593-4.324l.517-1.925c.312-1.162.484-1.786.882-2.323.377-.495.872-.871 1.443-1.097.624-.248 1.281-.248 2.476-.248h4.597c.42 0 .635 0 .84.032.215.032.431.086.636.15.193.065.387.162.753.345l1.702.864c.017-.04.033-.082.053-.122a2.333 2.333 0 0 1 1.044-1.043c.496-.247 1.013-.247 1.95-.247h.16ZM7.503 3.798c-1.022 0-1.54 0-1.862.13-.302.118-.56.322-.765.58-.215.28-.345.775-.614 1.753l-.517 1.926c-.495 1.85-.775 2.871-.602 3.474a2.308 2.308 0 0 0 1 1.312c.539.323 1.594.322 3.51.322h1.142c.236 0 .473 0 .72.15.227.14.388.367.453.625.075.28 0 .516-.075.742-.959 2.969-.603 4.27-.301 4.775.183.312.44.506.774.57.162.033.41.033.572.033.128 0 .203 0 .236-.01.021 0 .085-.044.107-.065.032-.032.14-.237.227-.399 2.208-4.308 3.556-5.671 4.352-6.102a39.945 39.945 0 0 1-.003-.523v-7.79L13.63 4.175c-.28-.14-.41-.215-.56-.27a1.796 1.796 0 0 0-.344-.085c-.151-.022-.313-.01-.625-.022H7.503Zm11.596.001c-.625 0-1.077 0-1.228.076a.72.72 0 0 0-.323.322c-.075.15-.075.603-.075 1.226v7.68c0 .623 0 1.075.075 1.226.075.14.183.247.323.322.15.075.603.075 1.228.075h.16c.625 0 1.078 0 1.228-.075a.778.778 0 0 0 .324-.322c.075-.151.075-.603.075-1.227V5.423c0-.623 0-1.076-.075-1.226a.722.722 0 0 0-.324-.322c-.15-.076-.603-.076-1.227-.076h-.161Z\" class=\"icon-base\"\/><\/svg><\/span> <span class=\"text-base leading-4\">No<\/span><br \/>\n            <\/button>\n        <\/div>\n<\/p><\/div>\n<p>    <!-- Yes Form --><\/p>\n<p>    <!-- No Form --><\/p>\n<div class=\"HelpfulCTA-thankyou flex flex-col items-center gap-2\" data-cta-thankyou=\"\" style=\"display:none;\">\n<p>Thank you for your<br \/>\n            feedback!<\/p>\n<p>Your input helps us improve our<br \/>\n            content and services.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<p>Read the full article <a href=\"https:\/\/www.bankrate.com\/home-equity\/heloc-refinance-draw-period-ends\/\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Images by GettyImages; Illustration by Hunter Newton\/Bankrate Key takeaways 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 time, you\u2019re usually required only to pay interest on<\/p>\n","protected":false},"author":1,"featured_media":21914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-21913","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is The HELOC Draw Period? | IncrediPros<\/title>\n<meta name=\"description\" content=\"Images by GettyImages; Illustration by Hunter Newton\/Bankrate Key takeaways The draw period is the initial phase of a home equity line of credit (HELOC),\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/incredipros.com\/?p=21913\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is The HELOC Draw Period? 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