You can request to convert a draw or balance to a fixed rate draw (FixedPay) at any time during your HELOC's draw period by logging into your online account.
Steps:
- Select the balance you want to convert
- Choose your desired repayment term from the available options (ranging from 1 to 30 years)
- The system will show you available term lengths, APRs, and calculate your fixed monthly payment before you confirm
Once you complete the request, the conversion takes effect and you'll see the details on your next statement.