The Wealth Builder HELOC operates in two phases: a draw period followed by a repayment period. Understanding both is essential for planning how you will use and repay the line over time.

Draw Period — 10 Years

During the draw period, you have full access to the line of credit. You can draw funds, repay them, and draw again — just like a revolving credit line. Interest accrues daily on your outstanding balance, and your minimum payment is based on that interest. However, the power of the Wealth Builder HELOC comes from making more than the minimum — sweeping income against the balance to reduce it and lower the daily interest charge.

Repayment Period — 20 Years

After the 10-year draw period ends, the line closes to new draws and enters a 20-year repayment phase. During this period, your payment is calculated as a fully amortizing P&I payment on the outstanding balance at that time. The goal for most Wealth Builder HELOC borrowers is to have significantly reduced — or fully eliminated — the balance well before the repayment period begins.

Total Loan Term

The combined draw period (10 years) and repayment period (20 years) equals a 30-year total loan term. This is the same total duration as a conventional 30-year mortgage, but the structure is entirely different — and the potential for early payoff is far greater.

Early Payoff Potential

Because interest accrues daily on the outstanding balance, borrowers who consistently sweep surplus income against the line can pay it off in 10–15 years or less — without ever making a formal extra payment or refinancing.