How do you pay back a HELOC?

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2026-05-03 18:00

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To pay back a Home Equity Line of Credit (HELOC), you need to make regular monthly payments that include both the principal amount borrowed and the interest accrued. These payments are typically made over a set period of time, often ranging from 5 to 20 years. It's important to make these payments on time to avoid defaulting on the loan.

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