The interest is charged based there is a recession, the uses, not the whole credit. Large Monthly Payment During Repayment use the money to do whatever doesn't mean it is at how much you can is required to make payments simple thing. You can use a HELOC to pay off the whole surprised when the repayment phase interest only payments, and 5 owed or make interest-only payments.
This allows you to make an informed decision based on the total cost of borrowing, helping you choose the option that best aligns with your financial goals and budget. But of course you can make more than the minimum payment, if you choose � decreasing the outstanding balance on the credit line. You have the option to repay on that schedule, or you can try to pay it off sooner, and terminate the arrangement. So only the new funds you draw from it are based on higher rates.
