Look out for new lure regarding minimum repayments On Citibank, as an example, individuals have access to line of credit loans for 5 age (the fresh new draw period) following he’s an effective 20-12 months mortgage cost term. “One to benefit of the fresh HELOC is that, identical to that have a charge card, you might be only paying rates of interest on what you’ve put,” claims Jeffrey Lorsch, chairman out-of Evergreen County Financial, a mortgage broker company within the