Since Texas requires a $4,000 minimum advance from the HELOC and Texas prohibits the interest charges from being automatically drawn from the HELOC, you have to manually move money from the HELOC into your AIO TXHS Checking account, then move it back in order to cover the interest charges.

When it’s time to make an interest payment, you’ll get an email from Northpointe saying that your statement is ready. That means that the interest charges from the previous 30 days have been added together and you will have an interest payment due (on the 21st of the month).

To make that payment from the available funds in your AIO HELOC, simply do the following:

1. Log into your AIO account online and move (at least) $4,000 from your HELOC into your AIO Checking account. Once those funds have been transferred, you’re ready for the next step.

2. Now, schedule the transfer of those funds to go from your AIO Checking account back into the AIO HELOC, and designate it as a “Regular” Payment in the drop-down menu. This will apply whatever portion of that transfer to pay the interest charge, and the rest will automatically apply to your principal.

Note: If you see your amount due as $1, that simply means the statement isn’t ready yet, meaning the interest charge isn’t calculated yet for that period so any deposit from the checking account into the HELOC will need to be designated as a “Principal” payment..