Reverse Mortgage News: HELOC to HECM Restriction

Reverse Mortgage News: HELOC to HECM Restriction. HELOC vs. Cash Out Refi: Pros and Cons

Reverse Mortgage News: HELOC to HECM Restriction video duration 3 Minute(s) 28 Second(s), published by ReverseFocus on 21 11 2014 - 23:09:01.

With the recent release of HUD's Financial Assessment guidelines our focus was primarily centered on the new requirements
The scope of this long anticipated Get our FREE book, Replace Your Mortgage, that reveals how to pay off your home in 5-7 years on your current income: http://bit.ly/2g92pbQ Subscribe: .

You can use the equity in your home to get a home equity line of credit
Subsequently, you can use the funds to pay of your mortgage early while then using the Ron Siegel discusses local and national current events, politics, personal and business finance with a few mortgage tips along the way
A Southern California A lot of people wonder if it's better to take out a home equity line of credit (HELOC,) or do a cash out refinance, in order to access home equity to fund other .

With the recent release of HUD’s Financial Assessment guidelines our focus was primarily centered on the new requirements. The scope of this long anticipated policy overshadowed one key requirement: the seasoning of existing non-HECM liens to be paid off. Watch video for more.