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HELOC Terms Question.. HELP PLEASE
HELOC Terms Question.. HELP PLEASE Hello, My wife and I have a disagreement with what the terms actually mean. MINIMUM DRAW REQUIREMENT: 1. A minimum initial draw of $25,000 must be maintained for 12 months to keep the discounted rate of .25%, to the variable rate for the life of the loan and to be considered for the promotional rate, if applicable.If this is not maintained, ...
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