Tapping into home equity can help finance a down payment on a second home. Learn the pros, cons, and best ways to use a HELOC to reach your real estate goals.
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What is a HELOC draw period? HELOC draw period refers to the time during which you can withdraw funds from your home equity line of credit. Understand exactly how it works in this guide.
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What is a HELOC repayment period? HELOC repayment is the period when you pay back the balance of your home equity line of credit. Learn what it is, how it works, and how to manage your payments effectively.
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What happens if I can't make payments on a HELOC? Falling behind on HELOC payments can have serious consequences, including foreclosure. Learn what to do if you can't make payments on your HELOC.
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