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2. How does a fixed-rate HELOC work? - AOL

   www.aol.com/finance/does-fixed-rate-heloc...

   For example, Bethpage Federal Credit Union offers the unique option to convert some or all of a variable-rate HELOC to a fixed-rate loan without a fee; you can choose between five-, 10- and 20 ...

3. Pros and cons of a home equity line of credit (HELOC) - AOL

   www.aol.com/finance/pros-cons-home-equity-line...

   In contrast, home equity loans and personal loans offer a lump sum that has to be repaid in full (also with interest), whether you use all of the money or not. ... For example: Assume your home is ...

4. What is the draw period on a HELOC and how does it work? - AOL

   www.aol.com/finance/draw-period-heloc-does...

   Unlike a credit card, however, a HELOC includes two main phases: the draw period and the repayment period. Combined, these two periods can last up to 30 years. The HELOC draw period is the first ...

5. Can I Use a HELOC to Pay off a Mortgage Faster ... - AOL

   www.aol.com/heloc-pay-off-mortgage-faster...

   You must have enough home equity. ... For example, let’s say your home is worth $400,000. ... After the draw period ends, you can no longer borrow against your HELOC, and the repayment period ...

6. What is a HELOC? - AOL

   www.aol.com/finance/heloc-home-equity-line...

   Some lenders also provide the option to refinance your HELOC once the repayment term ... home equity stake: ... you to borrow up to 80 to 90 percent of your home equity. For example, if your home ...

7. Home equity loan or HELOC vs. cash-out mortgage refinance - AOL

   www.aol.com/finance/home-equity-loan-heloc-vs...

   For example, if your outstanding mortgage balance is $150,000 and your home is valued at $250,000, you have $100,000 of equity. ... Home equity loans and cash-out refinancing only offer lump sums ...