Need Access to Your Home's Equity? Discover an Alternative to a HELOC
November 4, 2024
Seniors who have significant home equity need to explore the ways they can access their equity and turn it into cash or a line of credit. This article compares a HECM to a HELOC
The reverse mortgage is like a jack-knife. There are many tools that are used for different reasons by different people with different needs. It's very situational. The blog is designed to give ...
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The reverse mortgage is like a jack-knife. There are many tools that are used for different reasons by different people with different needs. It's very situational. The blog is designed to give real-life stories about how a reverse mortgage can help real people.
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.