Discover the Benefits of a Reverse Mortgage Line of Credit

Discover the Benefits of a Reverse Mortgage Line of Credit. Reverse Mortgages Are Ideal for Senior Borrowers

Discover the Benefits of a Reverse Mortgage Line of Credit video duration 4 Minute(s) 5 Second(s), published by Reverse Mortgage on 08 11 2018 - 22:29:15.

Benefits of the HECM Line of Credit CREDIT LINE SECURED: The available funds in the line of credit are not negatively affected by housing price fluctuations or A great presentation on Reverse Mortgages and why they are becoming the option of choice in retirement funding of real estate.

. What is a Reverse Mortgage?. Similar to a traditional mortgage, a reverse mortgage uses your house as collateral for the loan, except in this case, your loan balance will grow because you .

Benefits of the HECM Line of Credit
CREDIT LINE SECURED: The available funds in the line of credit are not negatively affected by housing price fluctuations or rising interest rates.

NO USE, NO CHARGE: Your borrowers are only charged interest and insurance on the funds they use in their HECM loan. Any unused portion of the credit line does not incur these costs.

STRATERGIC WITHDRAWS: Some notable financial planners have outlined strategies where retirees may choose to use part of their line of credit rather than take income from investment accounts whose value may be declining in a given year.

THERE WHEN YOU NEED IT: The HECM line of credit is available when your borrowers need it. They simply request the funds as needed. Loan advances are not considered taxable.