Access up to 85% of your home equity with flexible terms and competitive rates
A Home Equity Line of Credit (HELOC) lets you borrow up to 85% of your home's value minus existing mortgage debt, with rates currently 7.5-10%. Jason Iacovelli (NMLS #3370) brings over 30 years of mortgage experience to helping homeowners explore their home equity options. Whether for home improvements, debt consolidation, or the revolutionary HELOC strategy to pay off your home in 5-7 years, we serve Raleigh, Cary, Apex, and all Wake County.
Explore the UnMortgage approach to paying off your mortgage faster.
A revolving credit line secured by your home equity, allowing flexible borrowing during a 10-year draw period.
Up to 85% CLTV. Example: $400K home with $200K mortgage = up to $140K available.
Variable rates typically 7.5-10%, based on Prime Rate plus lender margin.
HELOCs offer revolving credit with variable rates; home equity loans provide lump sum with fixed rates.
Yes! The HELOC strategy can help you pay off your home in 5-7 years by leveraging cash flow.
A HELOC is a revolving line of credit that uses your home as collateral. Unlike a traditional loan where you receive a lump sum, a HELOC works like a credit card—you can borrow what you need, when you need it, up to your credit limit.
HELOCs have two phases: the draw period (typically 10 years) when you can borrow and make interest-only payments, and the repayment period (10-20 years) when you pay back principal and interest.
Combined Loan-to-Value
Typical Draw Period
Interest Rate
We're building a revolutionary feature that will automatically connect your bank accounts via Plaid and schedule bill payments through your HELOC, maximizing the HELOC strategy's effectiveness.
What to expect: Secure bank connection, automatic income deposits to HELOC, scheduled bill payments, real-time balance optimization, and detailed cash flow analytics.
Pay off your North Carolina home in just 5-7 years using the proven HELOC sweep method.
Learn the StrategyA Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home's equity, allowing you to borrow, repay, and borrow again during the draw period.
Most lenders allow up to 85% combined loan-to-value (CLTV). If your home is worth $400K with $200K mortgage, you could access up to $140K.
HELOC rates are typically variable, currently ranging from 7.5-10% depending on credit score and lender.
Draw periods typically last 10 years, during which you can borrow and repay.
Yes, most HELOCs have no prepayment penalty.