The size of this initial draw can vary widely, though. Some lenders may only ask for a $500 to $1,000 minimum draw while others might set the minimum closer to $10,000.

While a HELOC can be a smart home equity borrowing option to consider this March, make sure you understand these three important things about the draw period before borrowing: ...

What to know about the HELOC draw period this March While a HELOC can be a smart home equity borrowing option to consider this March, make sure you understand these three important things about ...