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HELOC, “Initial Draw Requirement” Can I just repay this back right away?
HELOC, "Initial Draw Requirement" Can I just repay this back right away? My current HELOC has "reached the end of it's draw period". I have been paying this off but would like to keep the line of credit open. I do not plan on drawing off it, my plan is to have it paid off within a few years. I do not remember this "Initial Draw Requirement" when I first opened it 20 years ago, nor when I renewed it 10 years back. Wil...
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