The HELOC end of draw period is when you enter the repayment phase of your line of credit. You are now required to begin paying back the principal balance in addition to paying interest. At this point you may no longer access funds and you may no longer convert a variable rate to a fixed rate.
Your monthly payment may increase substantially as you move from paying interest only to paying principal plus interest. The amount of increase depends on your principal due, interest rate and your repayment period, which is usually 10, 15 or 20 years. Contact a banker at 800-642-3547 to discuss the monthly payment on your HELOC.
If you reach the end of draw date with a zero balance, your home equity line of credit will be closed. There is no need for you to do anything.