HELOC Loans

Home Equity Line of Credit (HELOC)

in Jacksonville FL, Deerfield Beach, FL Charlotte NC and Huntersville NC

Flexible Financing Backed by the Equity in Your Home

At Wise Choice Mortgage Corp, we believe your home should be more than just a place to live — it should also be a powerful financial asset. A Home Equity Line of Credit (HELOC) is one of the most flexible borrowing options available to homeowners looking to tap into the value of their property.

Whether you’re planning a major renovation, covering unexpected expenses, or consolidating high-interest debt, a HELOC gives you ongoing access to cash — on your terms..

What is a HELOC?

A HELOC is a type of second mortgage that allows you to borrow against the available equity in your home. Unlike a traditional loan, it functions as a revolving credit line — meaning you can borrow, repay, and borrow again, up to a set limit, during the draw period.

This makes it an ideal solution for those who want flexibility in how and when they use their funds.

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How Does It Work?

Credit Limit Based on Equity
Your borrowing limit is determined by the equity in your home — typically up to 80-85% of your home’s appraised value, minus your existing mortgage balance.

Two Phases: Draw & Repayment

  • Draw Period (usually 5–10 years): You can access funds as needed and make interest-only payments.
  • Repayment Period (10–20 years): You begin repaying both principal and interest.
  • Access Funds Easily
    Most HELOCs allow you to transfer funds online, write checks, or use a debit card tied to your credit line.

Why Consider a HELOC?

  • 💡 Low Interest Rates – Rates are often lower than credit cards or unsecured loans
     💡 Only Pay for What You Use – You don’t pay interest on the full amount, just what you borrow
     💡 Use It When You Need It – Great for ongoing or unexpected expenses
     💡 Boost Home Value – Ideal for home improvement projects that can increase property value
     💡 Debt Consolidation Option – Use it to replace high-interest debt with a more manageable payment plan

Wise Guidance from Wise Choice

At Wise Choice Mortgage Corp, our goal is to help you understand your borrowing options and choose the one that fits your lifestyle and financial goals. A HELOC can be a strategic tool — but it’s not one-size-fits-all. That’s where our personalized guidance comes in.

We take the time to explain your options, answer your questions, and find the right solution for your needs.

Your Next Financial Goal

We’re all about Helping you reach your dream of Home Ownership

Pre Approval Call

Customers Testimonial

What Our Clients Say

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    Wise Choice Mortgage Corp.'s DSCR Loans were a game-changer for my real estate investments. Their specialized loans helped me expand my income-producing property portfolio, and I couldn't be happier with the results.


    Monica A.

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    Securing a Conventional Loan through Wise Choice Mortgage Corp. was a fantastic decision. Their competitive rates and flexible terms made buying my first home easier than I ever imagined. Thank you!


    Jeff R.

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    I can't thank Wise Choice Mortgage Corp. enough for helping me secure my dream home. Their Mortgage Purchase service was top-notch, and their team guided me through every step. I'm now a proud homeowner!


    Fred R.

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    I was drowning in debt until I discovered Wise Choice Mortgage Corp.'s Debt Consolidation service. They helped me consolidate my loans, reduce my monthly payments, and provided peace of mind. Highly recommended!


    Audrey S.

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    As an investor, I rely on Wise Choice Mortgage Corp.'s Mortgage Investment expertise. Their team's insights and financial strategies have allowed me to grow my real estate portfolio successfully. Trustworthy and professional.


    Laura F.

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