I took out a HELOC ten years ago to finance a business start-up. Because of a divorce settlement, the wife got the house, and I continue to pay on this. Does a HELOC have a term or life in which it has to be repaid?
Yes, a HELOC will have specific repayment terms and a maturity date. Either review your copy of the loan agreement, ask the bank for a new copy, or just ask the bank about your terms.
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Yes, a HELOC will have specific repayment terms and a maturity date. Either review your copy of the 