Notifications
Clear all
How-do-I Do a Particular Thing in PRC?
3 Posts
2 Users
0 Likes
633 Views
Topic starter June 12, 2021 9:04 pm
Every HELOC I've ever had required payments during the draw period (usually 10 years) using 30 year amortization and then full payoff by 20 years after the end of the draw period. If I'm reading the documentation correctly PRCGold assumes NO payments during the draw period.
June 13, 2021 7:54 am
No, that's not entirely correct. Interest payments will be modeled during the draw period.
Topic starter June 13, 2021 4:05 pm
Thanks for clarifying. I guess I’m more familiar with HELOCs that require a 30 year fully amortized payment as the minimum payment during the draw period. Take care.
