Home equity line of credit end-of-draw options
We want to make sure you do what's best for you. Begin learning about your options now before you approach your repayment period to find the option that is right for you. We've outlined some key things to help you understand the details and get you started.
Refinancing your home equity line of credit (HELOC)
A) Refinance into a new HELOC
You may be eligible to refinance your line of credit into a new HELOC which means you would be transferring your current HELOC balance into a new line of credit—with new terms and conditions.
B) Refinance your HELOC into a new First Mortgage with Chase
We want to make sure you do what is best for you. Call us to talk about refinancing your HELOC and existing mortgage (if any) into a new first mortgage with Chase.
Unlike refinancing into a new HELOC, choosing a new first mortgage would no longer provide access to revolving credit.
Entering repayment period & make your payments on time
At the end of your draw period your account will rollover into the repayment period automatically. For detailed information on how to understand your new payment you can learn more in our payment section.
Getting a pay-off quote and closing your account
For detailed information on how to complete the payoff process and to access required forms, please review our closing your account section.
If you need additional information or have questions pertaining to your end-of-draw options, please call us at 1-800-836-5656. Operator relay calls: We accept operator relay calls. If you’re deaf, hard of hearing, or have a speech disability, call 711 for assistance.