Top ↑
Site Menu
Home / Blog / Line of Credit / Reverse Mortgage Line of Credit & Growth Rate Explained

Discover the Reverse Mortgage Credit Line

Learn how the Line of Credit works with ARLO. Instant quote includes loan limits, eligibility & growth rate schedules!
In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with nationwide!
The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
$
$
The minimum qualifying age for a reverse mortgage is 62. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 62, as loan proceeds are always based on the age of the youngest spouse.
Your Age
I just retrieved the best of 2020's Reverse Mortgages! Your personalized ARLO   analysis includes real-time loan comparisons highlighted with my expert recommendations.
(Needed to validate request)
‹ Back
Your FREE Report Includes
Real Time Analysis (Next Step)
Analysis Via Email
From America's #1 Rated Reverse Mortgage Lender

'Line of Credit' Category Archives

Reverse Mortgage Line of Credit & Growth Rate Explained

    82 comments
In 2020, the reverse mortgage line of credit continues to be the most popular option for homeowners when choosing how to access their funds.  According to an article by AARP, borrowers recognized this choice at about 66% of the time when obtaining a reverse mortgage as being the right choice for them. The credit line option allows borrowers a great...
Read Full Article

Benefits of Refinancing Your HELOC into a HECM!

    8 comments
Reverse Mortgages Can Be Solution to Major HELOC Resets There will soon be big changes for many Home Equity Line of Credit (HELOC) borrowers that could amount to huge increases in payments. But there’s a solution that may also be available for those who qualify: a reverse mortgage line of credit. In the next few years, many homeowners who have...
Read Full Article

Skip the Reverse Mortgage Tenure and Go For Growth!

    10 comments
If you’re thinking about taking out a reverse mortgage, it’s important to understand all of its unique features. Did you know that the federally-insured home equity conversion mortgage (HECM) program has a loan payment option that actually grows over time, thereby increasing your borrowing capacity? The HECM program allows homeowners aged 62 and older to access the home equity they've...
Read Full Article

ALL-NEW: Fixed-Rate Reverse Mortgage Line of Credit!

    no comments
New Reverse Mortgage Product Offers Certainty of Fixed Rate, Flexibility of Payment Plans For the first time ever, a new reverse mortgage is available that offers borrowers all the certainty of a fixed-rate loan as well as the flexibility of multiple payment options all in one product. In years past, borrowers who opted for a fixed rate reverse...
Read Full Article

Avoid Payment Shock—Turn your HELOC into a HECM

    no comments
Billions of dollars worth of home equity lines of credit (HELOCs) are about to amortize this year, and if you’re one of those borrowers who has one and you’re aged 62 or older, don’t panic—you might be able to use a reverse mortgage to pay off your loan. According to a recent report from Moody’s Investor Services, around $30...
Read Full Article

Reverse Mortgage vs HELOC: Side-by-Side Comparison

    no comments
I would like to know how a "line of credit" would work compared to a HELOC.  I owe a 2nd on my home for approx. 9,000.00.  The first will be paid off in Dec. 2012.  My home NOW is worth approximately $210,000.00.  The 2nd is with Chase Home Equity. I would like to ONLY borrow enough at times on the...
Read Full Article

Which is Best? Reverse Mortgage vs Home Equity Line of Credit

    7 comments
A Look into the "Reverse Mortgage" VS "HELOC" (Home Equity Line of Credit)  You may have heard of reverse mortgages, and the retirement option they can offer to individuals or couples who are “house rich, cash poor.” For those looking to tap into their home equity in retirement, a reverse mortgage can be a useful tool to allow this. A home...
Read Full Article
© All Reverse Mortgage, Inc. All Rights Reserved