Closed-End Home Equity Loans
A powerful, fixed-rate lump sum to fund your next big move. Often referred to as a second mortgage, a closed-end Home Equity Loan allows you to borrow a specific amount against the equity in your home. Unlike a revolving line of credit, you receive the full amount upfront and pay it back with a fixed interest rate over a set term.
Why it might fit your Wize Plan
Fixed-Rate Certainty
Enjoy the peace of mind that comes with a locked-in interest rate and predictable monthly payments that will never increase over the life of the loan.
Protect Your Primary Mortgage
Keep the low interest rate on your first mortgage perfectly intact while still accessing the cash you need to grow your wealth or improve your property.
Lump-Sum Funding
Perfect for distinct, large-scale financial goals like a full home remodel, a major real estate investment, or paying off a specific high-interest debt balance all at once.
Structured Repayment
With a defined term (often ranging from 5 to 15 years), you have a clear, guaranteed timeline for exactly when the loan will be paid off, keeping your long-term financial roadmap right on track.