a) You will no longer be able to access funds from your HELOC once your draw period expires.
b) If you have a balance on your account, your new required minimum payment includes the principal and interest.
c) Your payment may be significantly higher if you have only been making interest-only payments. Please note: That the APR continues to be variable and based on the Wall Street Journal Prime Rate in effect on the last day of the previous month, plus or minus your margin, which was provided with your original loan.