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'Line of Credit' Category Archives

6 HELOC Disadvantages to Understand Before You Borrow

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[arlo_toc] Homeowners have returned to the HELOC in a big way. Balances on home equity lines of credit reached $446 billion in the first quarter of 2026, according to the Federal Reserve Bank of New York, and they have climbed every quarter for four years now as owners look for ways to reach their equity without giving up the low...
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Reverse Mortgage Line of Credit & Growth Rate Explained

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[arlo_toc] The reverse mortgage line of credit is, in my opinion, the single most underappreciated financial tool available to homeowners age 62 and older. I've been in mortgage banking for 45 years, and for the last 20, I've exclusively originated reverse mortgages, and there is nothing else like it in the lending world. A traditional Home Equity Line of Credit...
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Reverse Mortgage vs. HELOC — Which Is Smarter for Retirees? Line of Credit Comparison

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As retirees seek ways to supplement their income or cover expenses, accessing the equity in their home can be a practical solution. Two popular options for doing so are the Home Equity Line of Credit (HELOC) and the Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage. While both allow homeowners to unlock the value of their property,...
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Are reverse mortgages FDIC-insured, and do banking failures affect them?

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This will be welcoming news if you are worried about reverse mortgages being non-FDIC insured. Fortunately for reverse mortgage borrowers, reverse mortgages are not FDIC-insured and, therefore, are not endangered by all the turmoil with banks at this time. The U.S. Department of Housing and Urban Development (HUD) guarantees the reverse mortgage. Specifically, HUD guarantees that the borrower can access...
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Reverse Mortgage Tenure Plan vs. Line of Credit — Growth, Payments & Comparison

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If you're considering taking out a reverse mortgage, it's important to understand its unique features. Did you know that the federally-insured home equity conversion mortgage (HECM) program has a loan payment option that grows over time, increasing your borrowing capacity? The HECM program allows homeowners aged 62 and older to access the home equity they've built up in the form...
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HECM vs HELOC Comparison: Features & Decision Guide by ARLO™

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Reverse Mortgages Can Be a Solution to Major HELOC Resets. There will soon be significant changes for many Home Equity Line of Credit (HELOC) borrowers, which could result in considerable increases in payments. But a solution may also be available for those who qualify: a reverse mortgage line of credit.  In the next few years, many homeowners who have taken...
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ALL-NEW: Fixed-Rate Reverse Mortgage Line of Credit!

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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...
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Avoid Payment Shock—Turn your HELOC into a HECM

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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...
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