Should you be accredited, you’ll then be given a draw interval inside which to pull out the money that you need on an as-needed foundation. At the tip of the draw period, you’ll then enter the reimbursement interval of the HELOC, at which time you’re required to make month-to-month payments. As a secured line of credit, you’ll be adding a second mortgage to your property whenever you agree to one and shall be inserting your own home at risk in case you are unable to maintain present with month-to-month payments. As you start to evaluate and research home improvement loan …