and how do you pay them back? Before you borrow, it's a good idea to become familiar with the details of what you'll owe and when. Here's what you need to know. "The draw period is simply the ...

What is a pay period and why is it important? A pay period is an established timeframe during which workers earn wages. Each period has a start date and an end date. A new pay period begins the ...

That’s why it’s important to know about a HELOC’s two phases: the draw period, when you can borrow money; and the repayment period, when you must pay back the money you borrowed. In this ...

A HELOC draw period is the number of years you can withdraw funds from your home equity line of credit. During this time, you ...

Repayment period When the draw period of a HELOC ends, the repayment period beings. During the repayment period, you'll need to pay back any amounts you borrowed during the draw period.

There's a long pay period coming up, and depending on your bank or credit union's depositing policies, it might come over Christmas. Here's the deal: The two regular December 2013 paydays are ...